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M$3 Answers
Typically, the amount of storage (drive space) a computer has or the amount of memory (RAM) is specified with gigabytes. However, modem speeds were always specified as kilobits per second, maybe because it was easier to compute, or maybe to make them sound faster than they were. Thus, network speeds have been traditionally defined in bits per second and storage in bytes (kilo, mega, giga).
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M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$Gigabytes: 1 billion bytes
1 byte = 8 bits
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M$
Yep, that's correct. I feel the urge to add a disclaimer: download speeds subject to fluctuations.
I've been listening to many tech podcasts lately where the host will correct him/herself when speaking about internet speed.
So, if my internet is 1 megabit/sec down, it would take 8 seconds to download a megabyte?