16BitCoin Profit Calculator or you can say 16BitCoin ROI Calculator is a simple tool to calculate how much profit you would have made if you had invested in 16BitCoin (BIT16) in past. This helps you measure the return on investment (ROI) of 16BitCoin (BIT16) .
If you are looking for mining calc check it here: 16BitCoin Mining Calculator
This 16BitCoin Profit Calculator uses a simple mathematical principal to calculate the ROI of 16BitCoin. It fetches the historical 16BitCoin price from the database and compares with current 16BitCoin Price and calculate the profit or loss made on it.
It does this simple calculation get the amount 16BitCoin you would have got by investing x$'s on that day ($x/price of 16BitCoin). Now it calculates the current price of that amount in USD (current 16BitCoin price * amount of 16BitCoin purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_BIT16_price = Price of BIT16 in past date;
$quantity_BIT16 = Quantity of BIT16 in past = $amount invested / $price_on_that_day;
$price_BIT16 = Current price of BIT16;
$USD_today = ($price_BIT16 * $quantity_BIT16) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of 16BitCoin you can check it here: 16BitCoin Price Prediction. This predictions are based on various algorithms applied on the historical price of the 16BitCoin.
If you have any query regarding the above calculator you can comment it in comment box below.
