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Jeremy Kamira
Science and Trade Institute
Caldari State
0
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Posted - 2014.02.03 17:39:00 -
[1] - Quote
Is there any profit with buying ores then reprocessing them and reselling it? My net yield is currently 87% and my refining 4 is almost completed. |
Daniel Plain
Science and Trade Institute
Caldari State
1827
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Posted - 2014.02.03 17:44:00 -
[2] - Quote
probably not. most people who are into industry have a 99.5% or 100% yield and as refining does not take any time (which is a shame in my opinion), they will always have a leg up on you.
that said, you can always go the extra mile and create a spreadsheet that will calculate these things for you.
"I don't troll, I just give overly blunt responses that annoy people who are wrong but don't want to admit it. It's not my fault that people have sensitive feelings" -MXZF |
Cara Forelli
Darkstorm Corporation
265
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Posted - 2014.02.03 18:16:00 -
[3] - Quote
People who do this must compete to sell their minerals, driving down the price toward the price of the ore and generally leaving very little profit margin. Since it's easy to do I would not expect big profits from it. You may be able to do it some place remote where the competition isn't high, but expect to need good skills and don't invest too much in it without doing some math first.
www.ensignyooch.wordpress.com
New player with questions? Like to answer questions? Join my public channel in game:-áHouse Forelli |
MadMuppet
Redhogs
Circle-Of-Two
1095
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Posted - 2014.02.03 20:22:00 -
[4] - Quote
Do the spreadsheet up and compare it to your area. I used to make money this way in a couple areas, but once people figure out they are wasting money they stop selling to you.
This message brought to you by Experience(tm). When common sense fails you, experience will come to the rescue. Experience(tm) from the makers of CONCORD. |
DaReaper
Net 7
The Last Brigade
110
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Posted - 2014.02.03 20:47:00 -
[5] - Quote
As a long time miner I would say do not do this until you have refining efficiency to 5. You will lose more iskies refining until your refine rate is close to 95/99% depending on taxes and standing. The margins between refined and unrefined are so close that you will not see a lot of profit until you get refining efficiency really high. |
Marsan
Caldari Provisions
199
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Posted - 2014.02.03 20:57:00 -
[6] - Quote
In general you need both your refining at V and standings with the owners up enough that they don't take a cut. For most miners it's almost always better to sell the ore than refine it as you lack the standing with the corp which owns the station as that requires mission running.
PS- Which is not to say people don't do stupid things to save time like selling ore at cut rate prices to save hauling it some where. In general in these cases you'll need to haul the ore or minerals else where to sell it, and you'll make more selling the ore. As it doesn't do any good to refine the ore and put it on the market and have it not sell. Minerals are generally only going to sell if there are manufacturing slots in system, in a trade hub, or price at least 10% under market rate.
Former forum cheerleader CCP, now just a hopeful small portion of the community. |
Tau Cabalander
Retirement Retreat
Working Stiffs
3138
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Posted - 2014.02.03 21:30:00 -
[7] - Quote
Jeremy Kamira wrote:Is there any profit with buying ores then reprocessing them and reselling it? My net yield is currently 87% and my refining 4 is almost completed.
Probably not yet, but when you hit 100% definitely.
I started out doing this. In fact, I still do it now and then when the mood strikes me. I own 6 Charon freighters now.
In my early days, I even had to get corp members to help me haul, until they realized I was making a profit off their time  |
Mara Rinn
Cosmic Goo Convertor
Cosmic Consortium
4838
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Posted - 2014.02.04 07:10:00 -
[8] - Quote
Tau Cabalander wrote:In my early days, I even had to get corp members to help me haul, until they realized I was making a profit off their time
You devil!
I'll echo the sentiment elsewhere: if you (the generic you, but specifically the OP) aren't achieving 100% efficiency, you're not in the game. My partner maintains a stead billion-ISK-a-month income simply buying ores (and other stuff) in remote places, hauling them to market and refining there. She low-balls every bid and miners still sell to her.
I guess one lesson to learn from my partner is that you can't afford to be a one-trick pony. You need to have some value to add to the market over and above being able to do a tedious and boring task better than the next chump.
Day 0 advice for new players: Day 0 Advice for New Players |
Kitty Bear
Disturbed Friends Of Diazepam
Disturbed Acquaintance
1202
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Posted - 2014.02.04 13:49:00 -
[9] - Quote
this is one of those questions that can only be answered by "it depends"
market activity
refine skills
personal standings
will all alter the final values
excel is a really good tool to be using to check if it's worth it |
Solai
Jolly Codgers
Get Off My Lawn
178
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Posted - 2014.02.05 09:14:00 -
[10] - Quote
Rule of thumb:
If it's easy to do, accessible by many, and if there are many people in your area, it's not profitable due to competition.
To make profit from other players, you either have to perform a very SP specialized task(this is the least reliable route), or provide significant convenience service(therefore requiring lots of time investment or a large-scale operation), posses rare knowledge(such as discovering hidden metrics within a complex system via spreadsheeting), or by working in low-population, low-competition areas.
Jolly Codgers corp - Bloodthirsty old men of Null-Sec. -á
PVP and organizational excellence through maturity, for pilots age 30+. |
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Chainsaw Plankton
IDLE GUNS
IDLE EMPIRE
505
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Posted - 2014.02.05 15:58:00 -
[11] - Quote
make a spreadsheet and see. if there is a profit I would guess it is in setting up buy orders for ore, doing some hauling, and then selling the minerals with a sell order.
I will say I have a max refiner with standings, 2 freighter capable characters, an ore spreadsheet, and a trader with standings. I haven't participated in this business. I've probably missed out on some profit somewhere.
You can trust me, I have a monocole |
Marsan
Caldari Provisions
202
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Posted - 2014.02.05 21:59:00 -
[12] - Quote
That said don't discount how much you can make off lazy. You can make a tidy profit off of mission runners for example who just sell all their loot to sell orders. It use to be better when there was meta-0 loot worth more refined than as modules. You can get a lot of loot, and salvage at low prices in the right place. The trick is to find an area with enough pop to be worth it, but low enough not to be worth it to the big guys. Like wise back when I was taking a mining break I'd regularly haul my ore to market, then fill my orca with mining ships, mining ganking ships, and the fittings for both. People will often pay a 10-20% hike to avoid traveling a 3-4 systems to the market hub.
Former forum cheerleader CCP, now just a hopeful small portion of the community. |
Inxentas Ultramar
Ultramar Independent Contracting
1156
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Posted - 2014.02.06 00:17:00 -
[13] - Quote
Screw spreadsheets! I once took the dive into NPC null with a unresearched BPC, grinded down some rats to reprocess their loot at a station where I had horrible standings, made an item that was barely sold but usefull in NPC null. Sold then for a mil a piece (hisec prices were about 20k) and made 60m on an evening of sneaking around in a Stealth Bomber. Took a week to sell the stock or so.
Ass others have said: try to add value. The more imperfect your skills, the more creative you must be playing the market, in order to make a good profit. Knowledge about how various items are used in the game helps a lot with deciding what markets to explore, or support with subpar skills. |
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