Difference between MBps and Mbps

Difference between MBps and Mbps : 
One of the silliest things that most of the people around me don’t know, is the difference between Mbps and MBps.
Look at the advertisements below:-
Have you ever wondered whether you are getting the mentioned speed or not?
You can see that the speed of downloading is mentioned in Mbps. In computer terms, b denotes a bit and B denotes a byte.
Also, as everyone might know,

1 Byte = 8 bits

Now, whenever you copy any file from computer to, say, pendrive, the speed will be measured in MB/s or MBps which is exactly 8 times faster than that of Mbps. Often these two are confused.
If you are confused, take this example - If you have to download a file of 1MB in your computer and your net speed is 1Mbps, it won't take 1 second to download it. Instead it will take 8 seconds.
So, whenever you see any advertisement of 100 Mbps net speed, don't be surprised. Divide that by 8 and then you will get the actual speed of the net.
Cheers!
Edit - Just for clarification, the telecommunication companies do not measure the speed in Mbps or Kbps as a market gimmick, it’s just the conventional way to represent the net speed. On the other hand, we use MB or KB to measure the size of any file and hence the confusion.
Further, see the image below :-
or the zoomed version :-
This is a clipping of utorrent which is generally used for downloading stuffs (not by me, ofcourse :P). The speed here is mentioned in KB/s and MB/s. So, let’s say you have a net speed of 1 Mbps. Again, the speed in your torrent client will never go to 1MB/s. Infact the upper limit will be 128 KB/s (1024/8) to be precise. I think this will clear things up.

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