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What is the formula for calculating cryptocurrencies?
Hello.
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The bottom line is that you need to independently calculate the cost of a cryptocurrency, if for example a token costs N dollars. The problem is that this is not a percentage for you, where you divided the desired number by 100 and found out how much it is as a percentage. Specifically, for bitcoin, the calculation is based on the number of Satoshi:
1 Satoshi = 0.00000001 BTC
100,000,000 Satoshi = 1.00000000 BTC
The cost of 1 BTC = 6854.07 USD
The cost
of 1 USD = 0.00014590 BTC
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cryptocurrency. I think that with Ethereum and BitcoinCash the same system is equal to S =100.000.000
I also realized that the number is rounded up to 8 characters after 0 and a dot.
It is known that the calculation is carried out with two numbers 100.000.000 and 6854.07
If the conversion of 1 dollar is converted into Bitcoins.
QUESTION: who has already done the calculations, what does the formula look like by which the value of the cryptocurrency can be calculated. Google tells not at all what I need, mainly the calculation of profit from mining farms, which is not at all what I am looking for.
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