How to abbreviate large numbers?

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Actually, Miners Haven was open sourced a while back, and a useful module exactly for this was made.

I believe line 113 is the beginning of the code you are looking for.

Code if you don't want to go to github. 
local function shorten(Input)
	local Negative = Input < 0
	Input = math.abs(Input)

	local Paired = false
	for i,v in pairs(MoneyLib.Suffixes) do
		if not (Input >= 10^(3*i)) then
			Input = Input / 10^(3*(i-1))
			local isComplex = (string.find(tostring(Input),".") and string.sub(tostring(Input),4,4) ~= ".")
			Input = string.sub(tostring(Input),1,(isComplex and 4) or 3) .. (MoneyLib.Suffixes[i-1] or "")
			Paired = true
			break;
		end
	end
	if not Paired then
		local Rounded = math.floor(Input)
		Input = tostring(Rounded)
	end

	if Negative then
		return "-"..Input
	end
	return Input
end
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