If you are playing in a cryptocurrency casino, you have probably heard names like Bitcoin (BTC) , Litecoin (LTC) , and Ethereum (ETH) . However , you will notice that the names used in the casino may differ slightly from the above . For example , you may come across mBTC, μBTC, mLTC, and mETH . What do they mean ?
It is important to remember that the value of cryptocurrencies has increased significantly over time . For example, Bitcoin, once worth a few cents, has risen to $65,000 . Casino players rarely wager such large amounts , and the bets are usually not more than a few dollars . If you win 0.00043111 BTC , it is certainly difficult to understand whether that is $ 2 , $ 20 , or $ 200 .
So smaller units help a lot . For example , if you know that 1 mBTC = $46, you can easily calculate the total amount you would win if you win, say , 6 mBTC .
The game offers three bonus games , but at what price exactly ?
It’s simple :
- 1 mBTC or millibitcoin is equal to 1/ 1000th of a Bitcoin , or 0.001 BTC .
- 1 μBTC or microbitcoin is equal to one- millionth of a Bitcoin , or 0.000001 BTC .
- 1mLTC is equal to 1/ 1000th of a Litecoin , or 0.001LTC .
- 1 mETH is equal to 1/1000 of an Ethereum , or 0.001 ETH . Sometimes 1 mETH is referred to as mΞ .
There is also another way to divide the entire coin into smaller units, for Bitcoin and Ethereum . In the case of Bitcoin, this is the Satoshi . A Satoshi is the smallest unit of Bitcoin and is named after the cryptocurrency ‘s creator , Satoshi Nakamoto .
1 Satoshi = 0.00000001 BTC, 1 Bitcoin contains 100 million Satoshi . Therefore, 100 Satoshi is 1 μBTC and 100,000 Satoshi is 1 mBTC .
It can also be displayed like this :
- 0.00100000 BTC = 1 mBTC = 1,000 μBTC
- 0.00010000 BTC = 0.1 mBTC = 100 μBTC
- 0.00001000 BTC = 0.01 mBTC = 10 μBTC
- 0.00000100 BTC = 0.001 mBTC = 1 μBTC
- 0.00000001 BTC = 0.0001 mBTC = 0.01 μBTC
For Ethereum, the smallest unit is called wei . 1 ETH contains 1,000,000,000,000,000,000,000 wei , which is 10,000,000 more than Bitcoin ‘s satoshis . However , Weis and satoshis are rarely used in gambling .
Knowing the exchange rates and these principles , you can easily estimate the value of a bonus game , spin or win size next time , even if it is denominated in mBTC, μBTC, mLTC or mETH .
