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Incorrect conversion on speed tests from kbps to kBps?

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Ok well I still don't get it. The result is reported in kbps right? So a result of let's say 4000kbps is 4000*1024 bits per second, which is 4 096 000, right?

Having said that I thought the kbps already implemented the 1024 parts per "kilo" and all that was left to do was to divide by 8 to get bytes instead of bits...

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