2018-02-20 09:21:48

Hi.
I'm not very good at numbers in generel and this question might seems weird to some people, but I think this topic could turn into something quite interesting and informative depending on peoples answers on this.
Sometimes I find it difficult to read the numbers in the different currencies because of:
1. In Some countries like mine, a period means separating the numbers for easier reading. For example the number 10000 will be separated by a period like this: 10.000. In other countries, the numbers are separated by a comma like: 10,000.
2. It's difficult to know how many decimals there are in the different currencies like 10 dollars and 50 cents. I find it difficult to know when the period or comma is set for easier reading, or to show the cents, or the smaller amount of coins in other currencies.
It would be interesting to know how the money are written in your currency. In Denmark, the Danish krone is written as: "1,50" where the 50 is the smaller amount like cents. 10000 danish krones would be written as: 10.000"
Now to the question which has puzzled me for days:
I have started to mine bitcoins, which is an other topic. But, it shows I currently have "$ 0.1240 USD." I'm not sure on how to read this. Are there that many numbers in cents, so I have less than 1 dollar? All those numbers in dollars is the main reason for my big confusion... smile

Best regards SLJ.
Feel free to contact me privately if you have something in mind. If you do so, then please send me a mail instead of using the private message on the forum, since I don't check those very often.
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2018-02-20 09:38:58

hi. I'm curious: what website or program are you using for mining bitcoin? I want to do that aswell but haven't found a viable option yet.
I have no problem reading decimals in your btc balance it means you have 0,1 dollars which is about 10 cents. well, 12 to be exact. The first decimal is always your progress towards a full dollar so when you will have 0.99999 you will be very close to getting a full dollar.
I've never found an app to read the currency in my country so I can't give feedback on how is it written. But as I see it the comma or period are there for easier understanding of how many units does a number have. like in 10.000 you have 10, and the other 3 0s means that it's in the thousand units, so ten thousands. if you would have 100000 it would have been 100.000 because you would have a hundred and then a thousand.
I haven't had my coffee yet so I hope this makes sense lol.

“Get busy living or get busy dying.”
Stephen King

2018-02-20 13:35:19

There are 100 cents in a US dollar which is the first two numbers after the decimal point. Anything after those first two numbers are fractions of a cent, so your $0.1240 means you have 12 cents and almost half a cent or 12.4 cents.

And by the way, good luck with mining bit coins! I myself have no interest in them but I've heard that if you are successful at it, you can make some significant amounts of money.

2018-02-21 10:38:15

Hi.
Thanks a lot for your great explanations. It makes great sense to me.
My confusion was, that I didn't know about the fractions in the cents, because we only have two decimals in my currency. smile So thanks a lot guys...
To clear up the rest of the confusion:
You need to know if the numbers are written by the comma or the period in the currency you are reading. You need to know if, for example, the dollars and cents are separated by the comma or the period, because that is different depending on what currency you are reading.
Regarding bitcoins: I have a few things to figure out yet. As soon as I have figured out how to transfer the bitcoins to my bank account and get real money out of it, I will start a new topic about it.

Best regards SLJ.
Feel free to contact me privately if you have something in mind. If you do so, then please send me a mail instead of using the private message on the forum, since I don't check those very often.
Facebook: https://facebook.com/sorenjensen1988
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2018-02-21 14:28:30

To be sure you know, though it sounds like you do, dollars are separated from cents by a period. Commas are used just as they are in large numbers, they separate groups of three digits for easier reading.

2018-02-21 15:54:37

@4 we do too, a fraction of a cent is not something you can obtain, its just if you have $0.0099, the next time it kicks over, you'll have $0.01 which is one cent or 1¢ to use the outmoded cent symbol.
@5 yes but the general confusion is that some countries do not use a period or dot as their decimal indicator, they instead use a comma, so 2.9 meters becomes 2,9 meters. I don't know if this means they use a dot to separate out numbers like we do, and thus 1,500.25 would become 1.500,25?

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2018-02-21 17:21:09

@ironcross32

From my experience with localization during my software development career, generally, those locales that use a comma instead of a period to separate the whole and fractional parts of a number also use a period instead of a comma to seperate groups of three digits in large numbers.

hth

2018-02-21 22:48:04 (edited by SLJ 2018-02-21 23:20:17)

@Orko: In Denmark, we are doing it the other way than you're explaining in post 5. So we are using a comma to separate the dollars from cents, and using a period for easier reading of large numbers in groups by 3. So, regarding to numbers, we use commas like you are using periods, and periods like you're using commas.. Trust me, this can cause extreme confusion if you don't know that difference. big_smile
I would like to hear if there are other currencies with this difference... smile
Edit: I finally got it!
I realize that a number higher   than 9999 cents is 1 dollar. I'm not sure on why I haven't heard about this before. I've only heard things like 10 cents or 50 cents.
In danish krone, my currency, 100 øre (cents in danish) is 1 danish krone. So, in other words, this is only two decimals.
So yeah, things are quite different. It might sound weird to you, but with  this difference, it took a while for me to understand. So again, thanks a lot for your explanations and help. big_smile

Best regards SLJ.
Feel free to contact me privately if you have something in mind. If you do so, then please send me a mail instead of using the private message on the forum, since I don't check those very often.
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2018-02-22 06:16:16

@slj: it seems you're still confused about how this works. To put it an other way, 100 cents is a dollar like in danish krones but you can use as many decimals as you want to illustrate your progress towards a full dollar. What's important for you is keeping track of the first two decimals like you do with danish currency.

“Get busy living or get busy dying.”
Stephen King

2018-02-22 06:48:02

I never knew that currency was like this in other countrys. That would confuse me for sure!

Kingdom of Loathing name JB77

2018-02-22 09:20:52

@mastodont: Thanks for the clarification. I think I finally got it. smile
I feel a bit stupid because I didn't knew that, but I've never heard about using more decimals to ellustrate the progress in currencies. We never use that in my currency, so that's new to me. smile

Best regards SLJ.
Feel free to contact me privately if you have something in mind. If you do so, then please send me a mail instead of using the private message on the forum, since I don't check those very often.
Facebook: https://facebook.com/sorenjensen1988
Twitter: https://twitter.com/soerenjensen

2018-02-22 13:37:14

@slj

Using more than two decimal places isn't commonly done for US dollars and cents either, but there are a few places where it's done, such as when calculating interest. Otherwise we just round to the nearest penny ($0.01).

2018-02-23 09:42:06

Okay. That's what I thought as well.

Best regards SLJ.
Feel free to contact me privately if you have something in mind. If you do so, then please send me a mail instead of using the private message on the forum, since I don't check those very often.
Facebook: https://facebook.com/sorenjensen1988
Twitter: https://twitter.com/soerenjensen