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What are megabytes and megabits?

What are megabytes and megabits?

The prefix mega- means “1 million”, and a byte is usually made up of 8 bits, so:

A megabit (Mbit) is
    1,000,000 bits
    1,000 kilobits (kbit)
A megabyte (MB) is
    1,000,000 bytes (B)
    1,000 kilobytes (kB)
    8,000,000 bits
    8,000 kilobits (kbit)