How does ByteCoin Profit Calculator Works?
This ByteCoin Profit Calculator uses a simple mathematical principal to calculate the ROI of ByteCoin. It fetches the historical ByteCoin price from the database and compares with current ByteCoin Price and calculate the profit or loss made on it.
It does this simple calculation get the amount ByteCoin you would have got by investing x$'s on that day ($x/price of ByteCoin). Now it calculates the current price of that amount in USD (current ByteCoin price * amount of ByteCoin 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_BCN_price = Price of BCN in past date;
$quantity_BCN = Quantity of BCN in past = $amount invested / $price_on_that_day;
$price_BCN = Current price of BCN;
$USD_today = ($price_BCN * $quantity_BCN) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of ByteCoin you can check it here: ByteCoin Price Prediction. This predictions are based on various algorithms applied on the historical price of the ByteCoin.
If you have any query regarding the above calculator you can comment it in comment box below.