diff --git a/docs/ACKNOWLEDGEMENTS.md b/docs/ACKNOWLEDGEMENTS.md
index 0ed75d8..4de176d 100644
--- a/docs/ACKNOWLEDGEMENTS.md
+++ b/docs/ACKNOWLEDGEMENTS.md
@@ -111,6 +111,7 @@ is acknowledged and greatly appreciated:
  * Andriy Galetski, and also [thinrope](https://codeberg.org/thinrope) - suggested the "**--sparse**" option ([#45](https://codeberg.org/ivarch/pv/issues/45))
  * [KimHansen](https://codeberg.org/KimHansen) - suggested that "**--watchfd**" should keep its display when the process ends ([#81](https://codeberg.org/ivarch/pv/issues/81))
  * [njt](https://codeberg.org/njt) - suggested that "**--size** @*PATH*" should accept directories ([#179](https://codeberg.org/ivarch/pv/issues/179))
+ * [mojohakase](https://codeberg.org/mojohakase) - provided fix for multiplication bug when combining "**--bits**" with "**--gauge**" ([#182](https://codeberg.org/ivarch/pv/issues/182))
 
 Translations provided through [Codeberg Weblate](https://translate.codeberg.org/projects/pv/):
 
diff --git a/docs/NEWS.md b/docs/NEWS.md
index d881b6e..d1b2e82 100644
--- a/docs/NEWS.md
+++ b/docs/NEWS.md
@@ -1,3 +1,7 @@
+### UNRELEASED
+
+ * *fix:* when using **--bits** with **--gauge**, don't incorrectly multiply the rate twice ([#182](https://codeberg.org/ivarch/pv/issues/182))
+
 ### 1.10.4 - 8 March 2026
 
  * *fix:* when using **--size @PATH**, *PATH* can be a directory, and the total size of all files within it will be used ([#179](https://codeberg.org/ivarch/pv/issues/179))
diff --git a/src/pv/calc.c b/src/pv/calc.c
index 16be41f..c9b7b65 100644
--- a/src/pv/calc.c
+++ b/src/pv/calc.c
@@ -119,9 +119,6 @@ void pv_calculate_transfer_rate(pvtransfercalc_t calc, readonly_pvtransferstate_
 		calc->prev_elapsed_sec = transfer->elapsed_seconds;
 		calc->prev_trans = 0;
 
-		if (control->bits)
-			measured_rate = 8.0 * measured_rate;
-
 		if ((calc->measurements_taken < 1) || (measured_rate < calc->rate_min)) {
 			calc->rate_min = measured_rate;
 		}