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Jeremy Kamira
Science and Trade Institute
Caldari State
0
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Posted - 2014.02.02 19:10:00 -
[1] - Quote
My ship is currently a Venture with 2 Mining II lasers. My mining level is IV. Out of these 3 ores (The only 3 i know where to find) Which one would i be better suited to make the most ISK?
And if i were to refine the ores, (I have refining III its almost IV) would the profit be greater or less? (For all three ores) |
Elena Thiesant
Sun Micro Systems
1252
|
Posted - 2014.02.02 19:11:00 -
[2] - Quote
Depends on the market. Do the maths, see which one is the best ISK/cargo load (the various ores are different sizes) |
Jeremy Kamira
Science and Trade Institute
Caldari State
0
|
Posted - 2014.02.02 19:18:00 -
[3] - Quote
So as far as i understand, (Im not going for ISK/Hour, just to find out which one makes more) These are the variables
Market Price
Size
Are there anymore? Like do ores have certain mining times? Certain Ores/Minute?
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Elena Thiesant
Sun Micro Systems
1252
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Posted - 2014.02.02 19:27:00 -
[4] - Quote
You ask which ore is the best for ISK then you say you're not looking for best ISK/hour. Which is it?
Your mining lasers mine a fixed m^3 per minute. Hence it will take the same time to fill your cargohold no matter what ore (ignoring wasted time). Since the ores are not the same volume per unit, you will get different amounts of the different ores in a unit time, but always the same volume. |
Jeremy Kamira
Science and Trade Institute
Caldari State
0
|
Posted - 2014.02.02 19:38:00 -
[5] - Quote
So then, if i understand it correctly, this is how it works?
(These are just random numbers for the example)
If Veldspar has a mass of 10m^3, and my mining laser mines 150m^3/60 seconds. I will mine 15 Veldspar in 60 seconds
If Scordite has a mass of 50m^3, and my mining laser mines 150m^3/60 seconds. I will mine 3 Veldspar in 60 seconds |
Elena Thiesant
Sun Micro Systems
1252
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Posted - 2014.02.02 19:51:00 -
[6] - Quote
Not mass, volume. Other than that, pretty much. So to work out the best ore to mine, look at the market value whereever you plan to sell it, look at the volume and work out how much a full cargo hold would be worth of each ore, then compare those values. |
Jeremy Kamira
Science and Trade Institute
Caldari State
0
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Posted - 2014.02.02 19:55:00 -
[7] - Quote
I meant volume. I always get those 2 mixed up. Thanks so much for the help! Now, its time to Math! |
Iria Ahrens
Space Perverts and Forum Pirates
318
|
Posted - 2014.02.02 19:56:00 -
[8] - Quote
I think Elena meant that the roids come in different concentrations, so it is not so much the difference in mass between Veldspar and Scordite, it is the quality of the roids near you.
Calculating opportunity cost is usually done by cargo volume and dividing by the jumps.
Because you disdained all my counsel, and my reproof you ignoredGÇö
I, in my turn, will laugh at your doom; will mock when terror overtakes you; -- Ultimate Griefer's Handbook |
J'Poll
CDG Playgrounds
3600
|
Posted - 2014.02.02 20:00:00 -
[9] - Quote
Jeremy Kamira wrote:So as far as i understand, (Im not going for ISK/Hour, just to find out which one makes more) These are the variables
Market Price
Size
Are there anymore? Like do ores have certain mining times? Certain Ores/Minute?
From OP:
Quote:My ship is currently a Venture with 2 Mining II lasers. My mining level is IV. Out of these 3 ores (The only 3 i know where to find) Which one would i be better suited to make the most ISK?
And if i were to refine the ores, (I have refining III its almost IV) would the profit be greater or less? (For all three ores)
So, what are you after then. As you are totally contradicting yourself with those 2 posts.
As for what is the most profitable...just look at the market.
If you know you can make more from ores vs minerals...look at the market and what you get from refining.
Want to have some chat in game?
Need help to get into the game as a new player?
Just join my channel:
Crazy Dutch Guy |
Jeremy Kamira
Science and Trade Institute
Caldari State
0
|
Posted - 2014.02.02 20:01:00 -
[10] - Quote
Iria Ahrens wrote:I think Elena meant that the roids come in different concentrations, so it is not so much the difference in mass between Veldspar and Scordite, it is the quality of the roids near you.
Calculating opportunity cost is usually done by cargo volume and dividing by the jumps.
I am going to calculate the difference for concentrated and compressed also.
And is there any difference between having 2 lasers on 1 ore and having 2 lasers on 2 different ore? |
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Laukus Blasterton
penguins are your nefarious end
Serenitas Solutus
0
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Posted - 2014.02.02 20:08:00 -
[11] - Quote
Jeremy Kamira wrote:Iria Ahrens wrote:I think Elena meant that the roids come in different concentrations, so it is not so much the difference in mass between Veldspar and Scordite, it is the quality of the roids near you.
Calculating opportunity cost is usually done by cargo volume and dividing by the jumps. I am going to calculate the difference for concentrated and compressed also. And is there any difference between having 2 lasers on 1 ore and having 2 lasers on 2 different ore?
no difference |
Mara Rinn
Cosmic Goo Convertor
Cosmic Consortium
4835
|
Posted - 2014.02.03 04:09:00 -
[12] - Quote
Laukus Blasterton wrote:Jeremy Kamira wrote:And is there any difference between having 2 lasers on 1 ore and having 2 lasers on 2 different ore? no difference
If you survey scan the asteroids before you start, you'll know how many units of ore are in each asteroid. You will then know when to stop your lasers so you don't waste cycles. For example if you have four rocks each with 150m3 of ore, and your lasers excavate 100m3 each cycle, you can maximise your yield by mining each rock for one cycle.
Day 0 advice for new players: Day 0 Advice for New Players |
Elena Thiesant
Sun Micro Systems
1255
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Posted - 2014.02.03 05:40:00 -
[13] - Quote
Iria Ahrens wrote:I think Elena meant that the roids come in different concentrations, so it is not so much the difference in mass between Veldspar and Scordite, it is the quality of the roids near you.
No, that's not what I mean.
Veldspar and Scordite have different volumes per unit. Mining lasers mine a fixed volume per minute. Hence you mine less units of Scordite a minute than Veldspar. Hence when you want to calculate which is more valuable to mine, you have to calculate price per unit volume (or price per cargo hold), not price per unit of ore.
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Mara Rinn
Cosmic Goo Convertor
Cosmic Consortium
4836
|
Posted - 2014.02.03 07:21:00 -
[14] - Quote
Of course, I forgot the obligatory link to Cerlestes' Ore Chart: http://ore.cerlestes.de/index.html#site:ore (bookmark it! do it now!)
Make sure you read the tutorial, just like it asks you to in the yellow note right at the top of the page. That chart gives you ore value per cubic metre, so sort by the "ISK" column in descending order and you'll find that (for today, at least) the most valuable hi sec ores are Scordite and Pyroxeres.
Day 0 advice for new players: Day 0 Advice for New Players |
Ody Kap
Knights With Guns
Open Space Consultancy
0
|
Posted - 2014.02.03 21:51:00 -
[15] - Quote
You can check the market prices of each one and see for yourself, also I recomend putting a survey scanner on your ship to do it at the site  |
Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
2625
|
Posted - 2014.02.03 23:33:00 -
[16] - Quote
https://www.fuzzwork.co.uk/ore/ for shameless self promotion.
Steve Ronuken for CSM 9!
http://www.fuzzwork.co.uk/
Twitter: @fuzzysteve on Twitter |
ZAKURELL0 LINDA
Black Scorpions Inc
Circle-Of-Two
39
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Posted - 2014.02.04 07:04:00 -
[17] - Quote
venture is good for corpse mining, try it, you will be amazed how much fun that little venture can get you against shooting dead rocks 
RIP Iron Lady |
Shiloh Templeton
Center for Advanced Studies
Gallente Federation
85
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Posted - 2014.02.05 14:31:00 -
[18] - Quote
Jeremy Kamira wrote:And if i were to refine the ores, (I have refining III its almost IV) would the profit be greater or less? (For all three ores)
Skip the Veldspar for now. Cherry pick the more valuable variants of scordite/pyroxeres first. Refining probably isn't worth it until you get closer to 0% waste. You are better off putting your skill time towards a T1 mining barge. I prefer the Procurer when first mining for it's better safety and it's cheaper. Build up your tanking skills & mining yield skills. Then refining skills.
Only go for the T2 mining barge if you really like mining, otherwise you'll have enough isk earning to start other aspects of eve like missions, or PvP, industry, etc.
Mining is not highly regarded in Eve, but the nice thing about mining is you can be learning about Eve in another window while your mining ship is busy making you isk.
Don't be afraid to chat with other miners in local (no trash talking until you can back it up), not everyone is out to get you. Try some ice mining. |
BeBopAReBop RhubarbPie
NEW ORDER DEATH DEALERS
CODE.
216
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Posted - 2014.02.05 22:21:00 -
[19] - Quote
I think its great that your already planning how to buy a mining permit in the minimum amount of time 
More seriously, check out gas mining when you get the chance. It adds a little element of danger to the process, and can be very lucrative in wormhole space (venture only for this). There's also better ores if you move to lower security systems such as plagiochase (spelling?) in 0.5 and such. Do be careful of gankers if you do this though.
New player resources:
http://wiki.eveuniversity.org/Main_Page - General information
http://www.evealtruist.com/p/know-your-enemy.html - Learn to PvP
http://belligerentundesirables.com/ - Safaris, Awoxes, Ganking and Griefing-á |
Tesian Antollare
Center for Advanced Studies
Gallente Federation
0
|
Posted - 2014.02.06 04:36:00 -
[20] - Quote
Jeremy Kamira wrote:My ship is currently a Venture with 2 Mining II lasers. My mining level is IV. Out of these 3 ores (The only 3 i know where to find) Which one would i be better suited to make the most ISK?
And if i were to refine the ores, (I have refining III its almost IV) would the profit be greater or less? (For all three ores)
Having just gone through this exercise myself a couple days ago - I can tell you that those 3 ores have different volumes but they all will fill your Venture ore hold with the exact same number of cycles from your lasers. In my case, 20 cycles (20 minutes) to fill my venture.
So what you want to see is based on the max ore hold for each ore, whatever has the highest price * units total value is what you want to mine.
if you are selling the ore outright from my calculations a couple days ago I think it was Condensed Pyroxeres and Condensed Scordite were about the same with regular Scordite and regular Pyroxeres just behind in price for a full load. All of the veldspar was was under both of those in either variety. The difference between the top 3 ore options was only about 30k isk per load. Of course, the market does change so check in game and do some quick math.
The volumes are 10 (v), 15 (s), and 30 (p) so you can get these amounts in your ore hold on the venture: (v)50,000, (s)33,333, (p)16,666 - it wont matter what your lasers pull in they will fill your hold in the exact same amount of cycles for these three ores.
for me...
2x lasers @ 248m total / 60 seconds
Ore per cycle: (p) 826, (s) 1653, (v) 2480
Time to fill Venture hold (5000):
(p) 16,666 @ 826 per cycle = 20.1 cycles
(s) 33,333 @ 1653 per cycle = 20.1 cycles
(v) 50,000 @ 2480 per cycle = 20.1 cycles
Make a spreadsheet....
16,666 * Market Price of Pyro = X
33,333 * Market Price of Scor = X
50,000 * Market Price of Veld = X
Whichever X is highest = mine it first. |
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