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trillexia
Gallente Ardent Industrial Astral Wolves
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Posted - 2006.11.06 10:44:00 -
[1]
One of the main news going on around here lately, is that Iceland has taken big loans from other countries due to the value of the currency is falling. Now, for some reason, the first thing I thought of was EVE.
Will this problem affect the amount of money we need to pay? I wouldn't mind paying a bit but it was just a thought that popped in. :) - - - - - - - - - - - - - - - - - - - - Your dungeon is full of yoghurt. |
Valkazm
Amarr Cursed Spawn SMASH Alliance
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Posted - 2006.11.06 10:54:00 -
[2]
i dont get it so if iceland loans money ccp raise prices ? were did you read economics
Cursed Spawn recruitment |
Victor Valka
Caldari Archon Industries
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Posted - 2006.11.06 10:55:00 -
[3]
Since we pay in dollars/euros I don't see how this fall in value of Icelandic currency could effect our monthly subscription.
Maybe I'm missing something...
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Kasak Black
The Collective Against ALL Authorities
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Posted - 2006.11.06 10:59:00 -
[4]
Edited by: Kasak Black on 06/11/2006 10:59:37 Lets face it, if CCP were to raise the price of subscription by 1 EURO here or 1 DOLLAR there, we still would all play!
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Acroporidae
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Posted - 2006.11.06 11:00:00 -
[5]
Quote: One of the main news going on around here lately, is that Iceland has taken big loans from other countries due to the value of the currency is falling.
I quess most of the income from player subscriptions is in EUR and USD. So falling ISK (the real currency) has little effect on CCP. It can actually help as the cost of ISK based salaries will fall, and the hardware/software costs are most propably in EUR/USD anyway.
So I don't think you need to worry about currencies affecting our monthly payments
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Amon 'Chakai
FinFleet Lotka Volterra
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Posted - 2006.11.06 11:05:00 -
[6]
I doubt ccp runs out of money any day soon... Would like to see they'r annual quarter report.. hmm now that I started thinking about.. might try to find one if they have one. ??====??====??====??====??====??====??====??====??==?? If eve even makes close up to 60-70k+ dollars per day as budget.. they could throw about 140k-300k easily to hardware upgrade once per year.
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Kuolematon
Space Perverts and Forum Warriors United
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Posted - 2006.11.06 11:41:00 -
[7]
Yeah but CCP needs to understand that euro is *MUCH* more powerful currency than some dolla.
1 dolla isn't 1 euro! CCP STOP FORCING EURO PLAYERS PAY MORE THAN OTHERS!!! "It's great being Amarr, ain't it?Ö"
PERVS \o/ |
Death Kill
Caldari direkte
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Posted - 2006.11.06 11:43:00 -
[8]
Yeah, down with the rubbish dollar!
*pumps fist*
N=R* x fp x ne x fl x Fi x fc x L |
PanzerGrenadier
Caldari Templars of Space CORE.
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Posted - 2006.11.06 11:47:00 -
[9]
Wouldn't it help CCP? Our dollars/euros would be worth MORE :D
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Exxt
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Posted - 2006.11.06 11:49:00 -
[10]
Usually when a currency is falling the exporters thrive - they have an income in a foreign currency and they have expenses in the local, weaker, currency - so they can buy more with the money they get. CCP is an exporter so they gain more from a devaluation of the local currency.
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Kappas.
Galaxy Punks Freelancer Alliance
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Posted - 2006.11.06 12:16:00 -
[11]
Originally by: Death Kill Yeah, down with the rubbish dollar!
*pumps fist*
No! The exchange rate between the pound and dollar is good for UK players :)
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Ricky Baby
The Kennels
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Posted - 2006.11.06 12:22:00 -
[12]
Originally by: Kuolematon Yeah but CCP needs to understand that euro is *MUCH* more powerful currency than some dolla.
1 dolla isn't 1 euro! CCP STOP FORCING EURO PLAYERS PAY MORE THAN OTHERS!!!
and the pound stirling is more powerful than the euro -------------------------------------
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Splagada
Minmatar Tides of Silence
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Posted - 2006.11.06 12:50:00 -
[13]
news are like the alliance discussion forums, take it with a grain of salt :p its like when there were the riots in france, i lived there and .... there was not that much rioting, at least far from what we read on US news ------
relaxed corp looking for members |
Nm'Me
Amarr Firmus Ixion
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Posted - 2006.11.06 13:01:00 -
[14]
Originally by: Kuolematon Yeah but CCP needs to understand that euro is *MUCH* more powerful currency than some dolla.
1 dolla isn't 1 euro! CCP STOP FORCING EURO PLAYERS PAY MORE THAN OTHERS!!!
Why aren't you paying in dollars ?!
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Estel Arador
Minmatar AFK
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Posted - 2006.11.06 13:02:00 -
[15]
Originally by: Kuolematon Yeah but CCP needs to understand that euro is *MUCH* more powerful currency than some dolla.
1 dolla isn't 1 euro! CCP STOP FORCING EURO PLAYERS PAY MORE THAN OTHERS!!!
CCP doesn't claim that 1 US dollar equals 1 Euro. In fact, they clearly say that the prices in Euro include VAT as that's required by EU regulations. Since the Euro prices include VAT and the USD prices don't, and the the Euro and USD prices are the same, you can conclude that 1 Euro is worth a little more than 1 dollar.
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Skarsnik
Caldari A.W.M Ka-Tet
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Posted - 2006.11.06 13:28:00 -
[16]
Originally by: Ricky Baby
Originally by: Kuolematon Yeah but CCP needs to understand that euro is *MUCH* more powerful currency than some dolla.
1 dolla isn't 1 euro! CCP STOP FORCING EURO PLAYERS PAY MORE THAN OTHERS!!!
and the pound stirling is more powerful than the euro
Just done some conversion on XE.COM Considering I pay in euros from a GBP credit card, for 6 months per time :-
71.70 EURO = GBP 48.0276 71.70 EURO = ISK 6196.65 48.0276 GBP = ISK 6196.90
CCP I demand my 0.35isk refunded due to exchange rate ------------- EVE-CCG Order EVE-Ink Tattoo Project |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2006.11.06 13:32:00 -
[17]
Edited by: Akita T on 06/11/2006 13:34:37
Originally by: Amon 'Chakai sig: If eve even makes close up to 60-70k+ dollars per day as budget.. they could throw about 140k-300k easily to hardware upgrade once per year.
With an estimated 120k active user accounts, at variable 36-to-50 USD-cent per day (say 40 cent average) RAW potential income, that's a maximum of maybe 50k dollars per day RAW income (or say 18 million dollars a year) from subscriptions alone. This might seem like a huge number, but with more than 100 employees (and I suppose you don't really expect anybody to get paid under 50k a year, more like 100k, and that NOT including taxes, so salaries alone might be well over 10 mil dollars a year easily), and god knows how much the internet connection costs to maintain (I imagine it wouldn't be cheap), you're not left with THAT much money, now are you ?
Besides, "Of course there is more. 5 new IBM LS21 dual-processing AMD Opteron blades are coming", and that was the latest hardware upgrade. Know how much one of those babies costs ? I'll tell you, bottom-of-the line in the series is 2500 USD, and some go over 3500 USD. I don't suppose 15k USD worth of equipment is much, but... "how can we stop when we're having so much fun? We can't. We're bringing in 28 more blades"... that's probably around 90k USD more. And that is only in November this year alone.
Hmm, guess what, the REST of the node servers were upgraded this year too. That's over 50 blade servers. Yup, another 150k. Hmm, how about those RAMSAN disks ? What about the extra connectivity points to enhance link stability ?
So, you might want to update that sig of yours... they DID probably spend well in excess of 300k USD in equipment upgrade alone this year. _____ -sig-
This is my only char. These are my skills
Always question everything, including yourself |
Solje Mobar
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Posted - 2006.11.06 13:39:00 -
[18]
Originally by: Nm'Me
Why aren't you paying in dollars ?!
How?
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Skarsnik
Caldari A.W.M Ka-Tet
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Posted - 2006.11.06 13:41:00 -
[19]
Edited by: Skarsnik on 06/11/2006 13:41:45
Originally by: Solje Mobar
Originally by: Nm'Me
Why aren't you paying in dollars ?!
How?
The only way to pay in dollars if your in the Euro Zone is to goto a 3rd party if I remember correctly, and most stick on an admin fee which makes it not worth the time.
I could be wrong though.
EDIT - All External transactions from the EuroZone to places like the US have to be charged a transaction VAT. Sad but true. ------------- EVE-CCG Order EVE-Ink Tattoo Project |
Harisdrop
Gallente ClanKillers Dusk and Dawn
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Posted - 2006.11.06 13:44:00 -
[20]
Originally by: Solje Mobar
Originally by: Nm'Me
Why aren't you paying in dollars ?!
How?
Move to the USA!!!
Originally by: Tuxford .....stuff... Btw I did mess a bit with tech 2 ammo, I'll post a bit about that later.
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Cudaya Ebsldes
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Posted - 2006.11.06 13:45:00 -
[21]
I couldn't resist (sorry):
Icelandic Krona 1 ISK U.A.E. Dirham0.054230 Argentine Peso0.044560 Australian Dollar0.019071 Bahrain Dinar0.005552 Brunei Dollar0.023046 Brazilian Real0.031604 Botswana Pula0.092697 Canadian Dollar0.016672 Swiss Franc0.018399 Chilean Peso7.760623 Chinese Yuan0.116256 Colombian Peso33.913865 Cyprus Pound0.006676 Czech Koruna0.324999 Danish Krone0.086273 Euro0.011573 Pound Sterling0.007734 Hungarian Forint3.011513 Indonesian Rupiah134.553516 Israeli New Sheqel0.063349 Indian Rupee0.662134 Iranian Rial136.080568 Icelandic Krona1.000000 Japanese Yen1.731563 Korean Won13.864355 Kuwaiti Dinar0.004269 Sri Lanka Rupee1.590877 Libyan Dinar0.019211 Maltese Lira0.004996 Mauritian Rupee0.488954 Mexican Peso0.159403 Malaysian Ringgit0.053876 Norwegian Krone0.095410 Nepalese Rupee1.071198 New Zealand Dollar0.021899 Omani Rial0.005678 Pakistan Rupee0.895217 Polish Zloty0.044685 Qatar Riyal0.053751 Saudi Arabian Riyal0.055375 Swedish Krona0.106246 Singapore Dollar0.023046 Slovenian Tolar2.769600 Thai Baht0.541861 Trinidad and Tobago Dollar0.092721 U.S. Dollar0.014767 Venezuelan Bolivar31.668522 South African Rand0.109561
Does this mean my ingame "isk" is now worth less than the icelandic Krona (ISK), or more or stays the same?
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Nm'Me
Amarr Firmus Ixion
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Posted - 2006.11.06 13:53:00 -
[22]
Originally by: Skarsnik Edited by: Skarsnik on 06/11/2006 13:41:45
Originally by: Solje Mobar
Originally by: Nm'Me
Why aren't you paying in dollars ?!
How?
The only way to pay in dollars if your in the Euro Zone is to goto a 3rd party if I remember correctly, and most stick on an admin fee which makes it not worth the time.
I could be wrong though.
EDIT - All External transactions from the EuroZone to places like the US have to be charged a transaction VAT. Sad but true.
Not seen the administration fee myself. And this transatction fee is news to me. Where can I read about it?
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Skarsnik
Caldari A.W.M Ka-Tet
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Posted - 2006.11.06 13:56:00 -
[23]
Originally by: Nm'Me
Originally by: Skarsnik Edited by: Skarsnik on 06/11/2006 13:41:45
Originally by: Solje Mobar
Originally by: Nm'Me
Why aren't you paying in dollars ?!
How?
The only way to pay in dollars if your in the Euro Zone is to goto a 3rd party if I remember correctly, and most stick on an admin fee which makes it not worth the time.
I could be wrong though.
EDIT - All External transactions from the EuroZone to places like the US have to be charged a transaction VAT. Sad but true.
Not seen the administration fee myself. And this transatction fee is news to me. Where can I read about it?
Foudn this one quickly, but will hunt for more :-
The Register ------------- EVE-CCG Order EVE-Ink Tattoo Project |
Steven Dynahir
Gallente Avaruuslaivanrakentajat Oyj
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Posted - 2006.11.06 13:57:00 -
[24]
Quote: This might seem like a huge number, but with more than 100 employees (and I suppose you don't really expect anybody to get paid under 50k a year)
I would think that most of the people working there, are propably making less than 30kÇ. Northern countries = cheap labour.
--- Sell orders Recruitment
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evistin
Multiverse Corporation
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Posted - 2006.11.06 14:03:00 -
[25]
The cost of goods and services that CCP uses will go up. The server is in London so the prices are stable to a point.
The primary pitch is not within the next 3 months, if the country plans properly they should have reserves to help manage the falling value. Somewhere along the line, the price of basic goods will go up, and CCP will have to respond to that. -----------
Management and Leadership |
Skarsnik
Caldari A.W.M Ka-Tet
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Posted - 2006.11.06 14:05:00 -
[26]
Originally by: evistin The cost of goods and services that CCP uses will go up. The server is in London so the prices are stable to a point.
The primary pitch is not within the next 3 months, if the country plans properly they should have reserves to help manage the falling value. Somewhere along the line, the price of basic goods will go up, and CCP will have to respond to that.
If I remember correctly CCP had been receving offers to move to places like 'Isle of Man' and other Tax haven places. That could be one option for them. Although not sure what came of the offers before. ------------- EVE-CCG Order EVE-Ink Tattoo Project |
Kyguard
Fire Mandrill Astrophobics
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Posted - 2006.11.06 14:06:00 -
[27]
Yes, CCP is bankrupt and closing eve tomorrow, remember to set long skill training!
=== It's great being Amarr, aint it?(tm) [Insert badass sig to match ego here] |
Haks'he Lirky
Durgar og Illmenni
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Posted - 2006.11.06 14:40:00 -
[28]
As I understand it the actions taken by the icelandic government are done in order to preserve the balance of the icelandic economy, thus not affecting icelandic companies.. At least thats what they and we icelanders hope, because eve subscription costs would be icelands smallest concern if those kind of actions wouldnt work. |
evistin
Multiverse Corporation
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Posted - 2006.11.06 15:03:00 -
[29]
Originally by: Haks'he Lirky As I understand it the actions taken by the icelandic government are done in order to preserve the balance of the icelandic economy, thus not affecting icelandic companies.. At least thats what they and we icelanders hope, because eve subscription costs would be icelands smallest concern if those kind of actions wouldnt work.
Actually I would say that while the government tries to reduce the effects it has on companies it is not going to be 100% safe. CCP I would say is a company of reasonable high value to Iceland. IT brings in about 18 million dollars in foreign exchange yearly. Thats a lot of overseas cash comming to the country. -----------
Management and Leadership |
Taram Caldar
Caldari Acheron Vanguard Armada The Shadow Ascension
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Posted - 2006.11.06 15:07:00 -
[30]
Originally by: Amon 'Chakai sig: If eve even makes close up to 60-70k+ dollars per day as budget.. they could throw about 140k-300k easily to hardware upgrade once per year.
With an estimated 120k active user accounts, at variable 36-to-50 USD-cent per day (say 40 cent average) RAW potential income, that's a maximum of maybe 50k dollars per day RAW income (or say 18 million dollars a year) from subscriptions alone.
This might seem like a huge number, but with more than 100 employees (and I suppose you don't really expect anybody to get paid under 50k a year, more like 100k, and that NOT including taxes, so salaries alone might be well over 10 mil dollars a year easily), and god knows how much the internet connection costs to maintain (I imagine it wouldn't be cheap), you're not left with THAT much money, now are you ?
Besides, "Of course there is more. 5 new IBM LS21 dual-processing AMD Opteron blades are coming", and that was the latest hardware upgrade. Know how much one of those babies costs ? I'll tell you, bottom-of-the line in the series is 2500 USD, and some go over 3500 USD. I don't suppose 15k USD worth of equipment is much, but... "how can we stop when we're having so much fun? We can't. We're bringing in 28 more blades"... that's probably around 90k USD more. And that is only in November this year alone.
Hmm, guess what, the REST of the node servers were upgraded this year too. That's over 50 blade servers. Yup, another 150k. Hmm, how about those RAMSAN disks ? What about the extra connectivity points to enhance link stability ?
So, you might want to update that sig of yours... they DID probably spend well in excess of 300k USD in equipment upgrade alone this year.
Um dude.... you REALLY need to learn better facts before posting.
1) EVE has 150,000+ subscribers as stated in a very recent interview (linked on the front page of this site).
2) I would guestimate the AVERAGE income at CCP to bein the 70k range, as is normal for most development studios. Remember: 100 employees includes the secretaries, help desk folks, customer service folks, etc... none of whom are going to be pulling in 50k a year.... they are the 'balancing factor' to the tripple didgit folks.
3) 150,000 x $15 = 2,250,000 per month. 2,250,000 per month = 27,000,000 per year. (just a few million more than your guestimate).
4) Incomes @avg of $75k/yr for 100 employees: 7,500,000 leaving 19,500,000 for recurring expenses, etc. Development costs are covered in the salaries. Somehow I think with 19mil a year income (before taxes of course) they are easily making a tidy profit.
Now toss in that Iceland's currency value is declining.... this is actually GOOD for CCP... why? Because they are being paid in currencies OTHER than icelandic... so they are making MORE money in the short term because in-country prices will remain relatively constant (ask anyone who's lived in europe when the US Dollar was strong how fun it is to get a huge exchange rate to the dollar, I used to love living in Germany when it was 4 marks to the dollar!
It is a widely known industry FACT that you only need 50,000 subscribers on a NEW MMO to be cutting a profit even when having to repay initial development/standup costs. EVE has long long since paid those costs off as it's had way beyond 50k subscribers for over 2 years. And for the past year has had over 100k. But you can believe your bankruptcy theory all you want. Keep that tinfoil hat on there ! :)
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