ICP to Cycle conversion confusion


On my NNS the ICP to Cycles conversion showed the following number

However after i created a wallet on the console command with the same amount of 0.0798 ICPs, I get allocated a much smaller number of cycles.

Once the wallet is created and I check its cycle balance, i can see an amount much lesser

Is my understanding correct or is there another explanation for this? This is considering I lose 1T cycles during the creation of a canister as fee.

Yeah that’s right - it does refer to that in the image you posted (inclusive of a 1T cycles fee).

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