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Whats the difference between “kilobits” and “kilobytes”?

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Whats the difference between “kilobits” and “kilobytes”?

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There are 8 kilobits for every 1 kilobyte. Modem speed is measured this way, so for example, if your browser indicates that you are downloading at 50k (kilobytes per second) you are achieving 400k (kilobits per second).

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