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