Examples of series approximating $\pi$

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The first time I saw this serie is in an article titled “Examples of series approximating $\pi$”. It was said that the most beautiful formula among a lot is this:

$$\pi=\frac{9801}{2\sqrt{2}\sum_{n=0}^{+\infty}\frac{(4n)!}{(n!)^{4}}\frac{1103+26390n}{396^{4n}}}$$ by Ramanujan.

My question is what makes this formula so beautiful?

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"Beauty" could mean the fact that there is no reason why the combination of numbers put forth should ever be seen to have anything to do with $\pi$ by mere mortals. Or the fact that the series converges so damn quickly.

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