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One thing to keep in mind about mbit or the more widely used term Mbps is the type of billing:
capped
95th percentile
average
For these examples, I'll use 10Mbps as the base:
Capped means you can transfer a maximum of 10Mbps at anytime. That is a max of about 3000 gigs per month. However, in reality, you CANNOT transfer 3000 gigs on this package. Your site would have to be maxed out 24 hours per day all month, meaning dropped packets which means traffic loss. In our experience, you can use 2,200 gigs per month as a max without any slowdown in service.
95th percentile bills for your maximum sustained traffic "Minus the top 5%". This is the way hosting providers are normally billed and therefor like to bill their customers. 95th percentile billing depends alot on your bandwidth consistency. If you have high peaks daily, you will have a higher 95th. If you do have high peaks, it is better for you to go on an average or per-gig billing package. 1Mbps on the 95th will typically average between 190 and 240 gigs per month.
Average billing is directly related to per-gig. 1Mbps = 320 gigs
Hope this helps. Sorry about the lengthy message, just decided to start typing for some reason.
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