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1 byte = 8 bits

1 megabyte = 1 million bytes = 8 million bits

That's the rounded, popular version.

To be perfectly technical and accurate about it, "One megabyte" refers to

a unit of data communication or storage that consists of 1,048,576 bytes,

which is 8,388,608 bits. The reason is that the count of digital storage

capacity and addressability is always a power of 2 .

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