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)