edit: nevermind, correct me if I'm wrong but I think, from digging up http://community.eveonline.com/ingameboard.asp?a=topic&threadID=448254&page=1 - that your ratios are based on veld, scord, plag and omber with kernite and pyrox assumed to break free in one direction or another (going to guess in 2007 kernite and/or pyrox were the fruity looking ores) wheras mine worked off veld, scord, plag, pyrox and kernite with omber left to dangle. Which I think explains why we've got near identical results on trit/pye/mex but a difference on iso.

My results are based on high-sec ores; Vel, Scor, Plag, Omber, and Pyro. Isogen was derived from:

Income_Veldspar = Income_Omber

Right now, there is no incentive to mine Kernite, when Pyro and Veldspar yield a much higer income.

I published this several years ago........ that miners will maximize their income by mining the best ore available.

The reason I chose Omber over Kernite is that Omber has a better Isogen yield than Kernite. If Isogen were to spike, Omber will be the ore to mine.

Woah... that's an amazing and ground-breaking piece of research that you 'published'. What inspired you to break new ground and see what no-one else in EVE has seen before?

Yeah, like all miners run around doing nothing but chasing the perfect ores in empire. Serious miners, multi-boxers and fleet ops where the real m3 will come from now that bots are under seige will not chase the ISK they will take on the volume targets in empire where they can vaccuum up an entire belt in 30-45 minutes while someone is setting up the bookmarks for the next move.

Fail assumptions....Again another graduate of Obamanomics.... living completely in the academic and not a single day spent in the trenches with any real experience on how things work.

Java

Because Mining is what the cool kids do...

The problem with assuming that isk/M3 of all hi-sec ore (excepting either Kernite or Omber) will balance out is that the supply basket will not match the demand basket.

Compare that miner supply basket to a normalized manufacturer demand basket containing the 12 battle ships:

253.54 Trit, 64.13 Pyr, 15.52 Mex, 3.96 Iso, 1.0 Nocx.

As you can see, this demand basket contains roughly half of the Trit, Pyr, Mex, & Iso of the supply baskets.

The problem with assuming that isk/M3 of all hi-sec ore (excepting either Kernite or Omber) will balance out is that the supply basket will not match the demand basket.

For those not familiar with the Omber issue - there is a L3 Storyline mission that trades 6000 m3 of Omber for a +3 implant. That tends to cause an interesting floor on Omber, though I've wondered if the cost of a +3 implant would rise instead. *crossing fingers*

This occurs also with the +1 and +2 implants (Veld?), but those are easily mined by any character. I'm guessing the +4 is also gained this way, but I've never seen one of those storylines.

I'm not sure the demand site is that difficult, if instead of looking at finished goods we look at the Mineral market its self.

Annual mineral volume for Jita with various ratio. (Extracted from the market history using the new cut & paste feature.)

Tritanium: 267.21, Pyerite: 53.92, Mexallon: 15.41, Isogen: 3.63, Nocxium: 1

---

* The figures are for Jita for 364 days starting the day before yesterday, since volume for today is incomplete and for yesterday is often zero.

** I had to look it up, 10^15 or 1,000 Trillion is a Quadrillion, so that 10Quadrillion of Tritanium traded in the last year.

Actually that doesn't show true demand. Part of those figures are due to speculators trading minerals for short or long term investments. You can't even use finished goods from the market as some people buy up goods for reprocessing, thus reentering the minerals to the market.

Demand is affected in the same way with both speculators and reprocessing having an effect, however the chase for most valuable ore will, to some degree, show equilibrium (with some lag).

All this, however is based on a prerequisite of stability.

That was actually a rhetorical question. I understand the implication is for consumption in manufacturing. However I was trying to make the point that the true demand, for market valuation purposes is the entire demand, speculation included.

CCP does have the numbers on how many units of tritanium are consumed every month, now THAT would be intresting to see.
(they also have the figures on how many tritanium unist are being produced).

All in all, pretty intresting information to gaze at.

What do you think?

What is True demand ?

If we assume that Jita represents the most efficient market in new Eden then the market volume is best estimate we have.

That you just bought a large stack of Isogen and are trying to use your reputation as a knowledgeable mineral baron to get other people to buy.

Fair point. However, I wouldn't recommend people to stock pile at 80. If it hits 60, I say stock pile.

Veldspar and scordite yiled about 185 ISK/m3, while omber yields 93 ISK/m3. Don't you find it odd that people still mine omber when they could more than double their income mining veldspar?

Fair point. However, I wouldn't recommend people to stock pile at 80. If it hits 60, I say stock pile.

Veldspar and scordite yiled about 185 ISK/m3, while omber yields 93 ISK/m3. Don't you find it odd that people still mine omber when they could more than double their income mining veldspar?

If you are in a large mining op, you strip belts clean so fast that you don't even notice a tiny omber roid before it's digged.
Basically it's more bothersome to selectively avoid these things than just feeding them in the meatgrinder.

Ive got somewhat limited experience mining but how hard is it to move belts.

Right click, warp to belt 2.

Done.

Knowing a few miners, They'll just strip a belt clean, rather than cherry picking and moving on. Or in grav sites, cleaning them out so they respawn elsewhere. rather than letting them sit with just the omber holding them there.

Not you made not bad for the head etablissant formula in the walnut but use the base prices which are in the DB
and you can easily establish the ratio of any mineral

NameBase npc
Tritanium1,50
Pyerite4,00
Mexallon15,00
Isogen64,00
Nocxium300,00
Zydrine4-á600,00
Megacyte6-á700,00
Mophite20-á000,00

RefCcpIdMaterialsWeighting
34Tritanium 1
35Pyerite 1/ 2
36Mexallon 1/ 4
37Isogene 1/ 8
38Noxcium 1/16
39Zydrine 1/32
40Megacyte 1/64
11399Morphite 1/99
but for building you must n evaluate the ratio of each kind of build , id you know that you can evaluate market needs

The theoretical ratios that the NPCs use do not track with business logic.
The NPCs assume each ore will be worth more than the previous one due to "more supply" = "cheaper" but there is so much supply of each in highsec and so much demand for the lowest end that this assumption is defeated.
So, you have to say 1m3 of X ore = 1m3 of veldspar and start solving for that.
There are two ways to solve for Isogen. You try both. Then you plug the value you get from one to the other. If you use the price of Isogen from Omber, Kernite becomes worth more than Veldspar. This violates the equivalency test and so you must use the Kernite Isogen price which makes Omber crappy.
Thus you get:
Trit= 1*Trit
Pyerite=1.6037406338*Trit
Mexallon=9.4629712088*Trit
Isogen=17.43148364*Trit
Nocxium=84.1089579845*Trit

I am not sure why Isogen is below goal and Nocxium is above goal, but I'm sure those will close in as time passes and the lowest ends start getting more in-line.
It is creepy but cool.

BTW, Hedbergite and Arkonor set Zydrine and Megacyte prices, but they don't track due to rarity.
Zydrine=87.2025160131*Trit
Megacyte=244.2173643899*Trit

Drox

ItGÇÖs interesting to see Scordite as profitable as Bistot.

Is high sec mining more profitable than null sec mining? (Accounting for fees and transportation time)

According to the model Pyerite is overpriced and Isogen is underpriced.


IGÇÖve been working on a time dependent model but all I get is a price collapse at long times. Any predictions on how soon Pyerite turns around.