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Secunda Marto
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Posted - 2009.03.18 11:39:00 -
[1]
I have started to look into ore refining as a source of income. Made a refining alt pre patch, and should have no problem reaching 100% yield. I thought that I should buy ore and sell minerals. However, when I start to crunch the numbers it seems that refining is just not profitable. It seems at first glance at least that for a miner it is actually better to sell the ore. At least for high sec ore. The exception seem to be Veldspar where there seem to be a slight margin for profit.
Have I overlooked something (most certainly)?
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Sir Substance
Minmatar MagiTech Alliance Inc. MagiTech Corp
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Posted - 2009.03.18 11:57:00 -
[2]
Originally by: Secunda Marto
Have I overlooked something (most certainly)?
i doubt it. its really easy to get a good refining yeald. i ahve put bugger all effort into refining skills and have 92%. most people who car have 98-99%. its not a specialised enough field for it to be profitable.
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Lukriss
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Posted - 2009.03.18 12:46:00 -
[3]
Taxes will eat your profits.
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Maestro Del'Tirith
Del'Tirith Holdings
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Posted - 2009.03.18 13:04:00 -
[4]
There may be money to be made in refining modules and such and selling the resulting minerals, particularly if you use buy orders. You'll need to do your own calculations or pick up one of the various spreadsheets/tools that do them for you.
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Pwett
QUANT Corp. QUANT Hegemony
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Posted - 2009.03.18 13:52:00 -
[5]
There is a ton of money to be made. Most of EVE is dumb and lazy. |
Brand Trent
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Posted - 2009.03.18 14:30:00 -
[6]
Originally by: Maestro Del'Tirith There may be money to be made in refining modules and such and selling the resulting minerals, particularly if you use buy orders. You'll need to do your own calculations or pick up one of the various spreadsheets/tools that do them for you.
It is not completely uncommon to see a module that refines for 400k worth of Minerals to be on sale for 250k at a mission hub. Problem is, buying it, getting it to a station where you get best refine, then selling the minerals. But as has been said, there really isn't that much of a career in refining.
Best ISK generation goes something like this. Run Level 4 missions, salvage/loot, refine loot, make ammo with minerals, sell salvage(or use it), use LP to upgrade Ammo, sell faction Ammo while running Level 4 missions.
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Bklyn 1
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Posted - 2009.03.18 14:30:00 -
[7]
I probably shouldn't tell you this, but train up the skill to reprocess modules into minerals (scrapmetal processing I think it's called). Then, just set up shop in a mission hub and place lots of very low buy orders for useless mission loot which you can refine into minerals at great profit.
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Tau Cabalander
Caldari
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Posted - 2009.03.18 20:21:00 -
[8]
Edited by: Tau Cabalander on 18/03/2009 20:25:10 I've made ISK by buying ore at the lowest seller, refining it, and hauling the minerals to the highest bidder.
I ignore standing and take a 5% loss, so I must make that up. I usually can.
For example with Veldspar: (1000 x 0.950) x Price of Veldspar / 333 = Maximum ISK value of Tritanium
If the buy price of Tritanium is above the maximum above, that's your profit margin. If the profit is too slim or non-existant, go mine or do something else. I aim for 500k for every 4 jumps.
The high-end ores have a much better profit margin, but it takes a much bigger ISK investment to get started with those, and a much larger hauler.
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Kahega Amielden
Minmatar Suddenly Ninjas
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Posted - 2009.03.18 20:40:00 -
[9]
Taxes. If you really want to maximize refining yield, then do some missions (They don't have to be kill missions. Couriers/mining/etc. work just as well for standing gain) to reduce the refining tax.
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