When applied to data rate, the multiplier prefixes "kilo-", "mega-", "giga-", etc. (and their abbreviations, "k", "M", "G", etc.) always denote powers of 1000. For example, 64 kbps is 64,000 bits per second. This contrasts with units of storage where they stand for powers of 1024, e.g. 1 KB = 1024 bytes.