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