Bit time is a concept in computer networking. It is defined as the time it takes for one bit to be ejected from a Network Interface Card (NIC) operating at some predefined standard speed, such as 10 Mbit/s. The time is measured between the time the logical link control layer 2 sublayer receives the instruction from the operating system until the bit actually leaves the NIC. The bit time has nothing to do with the time it takes for a bit to travel on the network medium, but has to do with the internals of the NIC.
To calculate the bit time at which a NIC ejects bits, use the following:
bit time = 1 / NIC speed
To calculate the bit time for a 10 Mbit/s NIC, use the formula as follows:
bit time = 1 / (10 * 10^6) = 10^-7 = 100 * 10^-9 = 100 nanoseconds
The bit time for a 10 Mbit/s NIC is 100 nanoseconds. That is, a 10 Mbit/s NIC can eject 1 bit every 0.1 microsecond (100 nanoseconds = .1 microseconds).
Bit time is distinctively different from slot time, which is the time taken for a pulse to travel through the longest permitted length of network medium.