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Strictly 1kbps = 1024 bits per second (bps) = 128 bytes per second. However, it is often taken to mean 1000 bps, i.e. 1kbps=125 bytes per second.
As a rule of thumb, when estimating network/modem throughput, a figure of 1kbps=100 bytes per second is probably closer to the real throughput after other networking overheads are taken into consideration.
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