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What is the value of a bit?

Updated: 9/28/2023
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14y ago

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In computers, a bit is a single 1 or 0. It's a contraction of "Binary Digit". In money, historically a bit was an eighth of a gold dollar. One way of making change was to cut the gold dollar up into eight wedges, each then worth 12.5 cents. That's why a quarter is called "two bits".

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Q: What is the value of a bit?
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