Table of Contents
What are Satoshi units (sats)?
Satoshi are currently the smallest unit of the bitcoin currenty. It is a one hundred millionth of a single bitcoin (0.00000001 BTC)
1 satoshi = 0.00000001 BTC
10 satoshi = 0.00000010 BTC
100 satoshi = 0.00000100 BTC micro-bitcoin (μBTC)
1,000 satoshi = 0.00001000 BTC
10,000 satoshi = 0.00010000 BTC
100,000 satoshi = 0.00100000 BTC milli-bitcoin (mBTC)
1,000,000 satoshi = 0.01000000 BTC centi-bitcoin (cBTC)
10,000,000 satoshi = 0.10000000 BTC deci-bitcoin (dBTC)
100,000,000 satoshi = 1.00000000 BTC bitcoin (1BTC)
Example:
You can see in the chart below, that the ETH/BTC price is 0.107915. That means for 1 Ether you will get 0.107915 btc or 10,791,500 sats
What is Gwei?
Ethereum is dividable into Wei, Kwei, Gwei, Szabo, Finney, Kether, Mether, Gether and Tether
(one quintillion) 1,000,000,000,000,000,000 Wei = 1 Ether
(one quadrillion) 1,000,000,000,000,000 Kwei = 1 Ether
(one trillion) 1,000,000,000,000 Mwei = 1 Ether
(one billion) 1,000,000,000 Gwei = 1 Ether
1,000,000 Szabo = 1 Ether
1,000 Finney = 1 Ether
1 Ether = 1 Ether
0.001 Kether = 1 Ether
0.000001 Mether = 1 Ether
0.000000001 Gether = 1 Ether
0.000000000001 Tether = 1 Ether (Not the same as USDT)
ETV - Ether total value
- ETV stands for Ether total value. You can find this value by calculating your altcoin and bitcoin into gwei (ether) and adding it up.
The total amount you have needs to be multiplied by the current ether price.
- BTV stands for Bitcoin total value. You can find this value by converting all altcoins in
Eth Total Value of your Portfolio ≠ Btc Total Value of your Portfolio ≠ USD Value of your Portfolio
How to calculate ETV & BTV in Googlesheets
You need to either use the Googlesheets addon cryptofinance which can be found here:
or you can use my free Googlesheets Cryptocurrency tracker which can be found here: Google Sheets Cryptocurrency Tracker Template
Replace COINNAME with the cryptocurrency you would like to use.
In this case we are using Dash
=cryptofinance("COINNAME/btc")
In the column ฿ Value multiply the amount of tokens you have with the BTC Value you calculated before.
The process for Ether is the same. You just need to replace BTC with ETH in the cryptofinance formula.
=cryptofinance("dash/eth")
But I want USD valuation!!
Very often people say they don’t need to calculate their portfolio in sats or gwei, since they want to be rich in USD.
The point is. Bitcoin and Ether are the main trading pairs for most altcoins. The only way to go from altcoin to fiat at the moment is by selling your altcoin for ether and the ether for fiat.
Since your portfolio value in Ether or Bitcoin can fluctuate, it is important
Investing in ICO’s
This process is very important when investing in ICO. Many people in groups don’t seem to understand this, so I thought I might try and clarify.
As an example: If you invest 2ETH in an ICO you would like to have at least 2 ETH or more at the end of the ICO when you decide to sell.
This means that you always need to account for the price fluctuations of Ether when you calculate the ICO price.
An example to clarify:
Bitdegree ICO price = $0.06 (with 15% Bonus & Ether at 500$) | 1 ETH = 11500 BDG
Bitdegree price on exchange = $0.16 with Ether at 1087$)
Adjusted Bitdegree ICO price at the current Ether price point is $0.094 (1087/11500 = 0.094)