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What is Bitcoin Mining for Beginners - Short and SimpleBit, in the context of cryptocurrencies, is the smallest unit, or subdivision, of Bitcoin (BTC). In exchange transactions, Bitcoin is often used in. In this episode, he talks about first getting into Bitcoin, the true meaning behind the BTC, and why one should seek to accumulate as many satoshis as. Bitcoin is divisible down to the eighth decimal place. These subunits are called �satoshis� or just �sats.� One satoshi is btc.