How Many Satoshi are in a Bitcoin?

Satoshi is a unit of measurement that is equal to 0.00000001 BTC. It is a fraction of a bitcoin. So, 1 Bitcoin is equal to 100 million Satoshi. The value is named after Satoshi Nakamoto, the person or group of people who made the Bitcoin protocol and software. Since the person isn’t known, no one knows who is behind the name.

The History of Satoshi’s Development

On November 15, 2010, the word “satoshi” was used for the first time as a unit of measure. It was suggested by a user on the Bitcointalk forum. At first, he suggested that the word “satoshi” should be the Bitcoin Core wallet’s smallest value (0.01 BTC).

The conversation about the name kept going.

• On February 10, 2011, the same user suggested that “Satoshi” or “Austrian” be used to name the smallest part of a bitcoin (1/100000000).
• On February 18, 2011, the proposal from a different user with the name marcus of augustus was finally approved: 100 million Satoshi = 1 Bitcoin.
• As part of BIP-176, an idea was put forward in December 2017 to use the word “bits” to mean 100 Satoshi or 1/1,000,000 (one millionth) of a Bitcoin.

What is Satoshi in Crypto?

Satoshi is the smallest amount of one cryptocurrency coin that can be used to buy and sell things. When talking about bitcoin, the value is usually given along with a degree: 10-8. But most people have trouble converting degrees into numbers and ratios. For example, 1 bitcoin is equal to 100,000,000 satoshi, or one hundred millionth of a Bitcoin.

There are notations in between to make the translation easier:

• 100 satoshi = 1 microbitcoin = 0.000001 bitcoin.
• 100,000 satoshi = 1 millibitcoin = 0.001 bitcoin.

As such, there is no exchange rate. The price is based on how much one BTC is worth in the currency that will be used to make the exchange. For example, if one bitcoin costs $30,000, one satoshi is worth $0.0003, and 100 microbitcoins are worth $0.03. You can do the math yourself, or you can use the interactive widget below to keep track of the prices.

The Mysterious Identity of Satoshi Nakamoto

Researchers who study cryptocurrencies have tried many times and are still trying to figure out who the person or people are who use the name Satoshi Nakatomi. Under this name, someone signed up for an account on the P2P Foundation website. They said their name was Satoshi Nakamoto, they were 37 years old, and they lived in Japan.

At the same time, his English skills made it clear that he was a native speaker. This led researchers to look for a model of the person who created the Bitcoin system among Americans (including those of Japanese descent), Australians, and Englishmen.

In the past few years, bloggers and investigative reporters have said more than once that they found the real author. Nick Szabo and Craig Steven Wright are two of the most well-known candidates.

Even so, it is thought that a person named Satoshi Nakatomi has not been directly involved in the project’s development since 2010. The project has already split off into a separate branch called “BitcoinCash.”

Getting Satoshi

Satoshi are a part of Bitcoin, and you can get them in the following ways:

• Online exchangers or exchanges for crypto. Basically, they use the name BTC, which is well-known (Bitcoin). To buy, you have to choose the right way to go and buy cryptocurrency. This is the best and fastest way to get your hands on valuable crypto coins. You can sell them or trade them for other crypto coins or real money.
• Satoshi cranes let you get cryptocurrency for free. As there aren’t that many “Satoshi,” many services pay out rewards in them. Depending on the faucet, you can get between 50 and 200 Satoshi per hour. This is not enough, but if you use several sites at the same time, you can earn many times more. Fits the answer to the question “What is Satoshi?” and can be used to get them for free.
• Mining. With the help of ASIC devices, this is the result of cooperation between the military and the tech world. Because video cards are getting more complicated, it is not practical to mine on them. When deciding if it’s worth it to mine cryptocurrency or buy a farm, the price of electricity and the rate of cryptocurrency are two of the most important factors. To mine Satoshi, you can also use the services of cloud mining sites. You will have to decide what kind of contract you want, how much power you want, and make a payment.

The Bottom Line

The creation of Satoshi was a good thing for the growth of bitcoin. Users of the system have become much more likely to use virtual currency as it has become easier to send small amounts with lower fees and pay less for services and goods when using Satoshi.

Satoshi, which is the same virtual currency as bitcoin, is the smallest part of bitcoin. But users, investors, experts, professionals, and everyday people are more likely to remember that bitcoin is.