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