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Jump Buoy
Royal Amarr Institute Amarr Empire
0
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Posted - 2014.07.25 00:58:00 -
[1] - Quote
With the new changes to refining will it be more profitable to compress ore to sell rather than refine? |

Brock Nelson
703
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Posted - 2014.07.25 01:26:00 -
[2] - Quote
I don't know, you tell me. Look at the market, figure out how much you'll get from selling refined mineral vs compressing ores. Signature removed, CCP Phantom |

Jump Buoy
Royal Amarr Institute Amarr Empire
0
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Posted - 2014.07.25 01:36:00 -
[3] - Quote
Brock Nelson wrote:I don't know, you tell me. Look at the market, figure out how much you'll get from selling refined mineral vs compressing ores. The market has not had time to adjust I am wondering if it will become more profitable. |

Adunh Slavy
1560
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Posted - 2014.07.25 03:05:00 -
[4] - Quote
Jump Buoy wrote:Brock Nelson wrote:I don't know, you tell me. Look at the market, figure out how much you'll get from selling refined mineral vs compressing ores. The market has not had time to adjust I am wondering if it will become more profitable.
Depends on how null sec responds to all of this. Not much need to use compressed ore in high sec. Will null sec production increase beyond Null's improved mining and refining ability? Time will tell. Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.-á-á- William Pitt |

Jarnis McPieksu
Habitual Euthanasia Pandemic Legion
516
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Posted - 2014.07.25 09:26:00 -
[5] - Quote
Adunh Slavy wrote:Jump Buoy wrote:Brock Nelson wrote:I don't know, you tell me. Look at the market, figure out how much you'll get from selling refined mineral vs compressing ores. The market has not had time to adjust I am wondering if it will become more profitable. Depends on how null sec responds to all of this. Not much need to use compressed ore in high sec. Will null sec production increase beyond Null's improved mining and refining ability? Time will tell.
The vast majority of lowend minerals are bought by (super)cap builders.
They want it compressed.
Besides, compression costs roughly nothing (one hour of fuel blocks per one session of compressing), compress, try to sell and if you see raw mins somehow selling for more, you can always refine the compressed ore for sale as minerals.
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X ATM092
Clan Shadow Wolf Fatal Ascension
337
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Posted - 2014.07.25 18:26:00 -
[6] - Quote
excluding any short term variance compressed ore will always be worth more, it has the same innate value and massively greater utility |

Perkin Warbeck
Black Watch Guard Curatores Veritatis Alliance
180
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Posted - 2014.07.25 21:22:00 -
[7] - Quote
Jump Buoy wrote:With the new changes to refining will it be more profitable to compress ore to sell rather than refine?
Null sec builders will be seeking replacement for compression modules such as 425mm rails. It doesn't necessarily follow that they will want compressed ore. Instead I would think they will buy ore and compress it themselves. It depends if the price of compressed ore from the market is cheaper than compressing ore in a compression array. |

X ATM092
Clan Shadow Wolf Fatal Ascension
337
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Posted - 2014.07.26 01:24:00 -
[8] - Quote
Perkin Warbeck wrote:Jump Buoy wrote:With the new changes to refining will it be more profitable to compress ore to sell rather than refine? Null sec builders will be seeking replacement for compression modules such as 425mm rails. It doesn't necessarily follow that they will want compressed ore. Instead I would think they will buy ore and compress it themselves. It depends if the price of compressed ore from the market is cheaper than compressing ore in a compression array. This doesn't make sense. Where exactly would one buy a supercarriers worth of uncompressed ore in order to compress it? Ore is too big to practically move, you either compress it to comp ore or you refine it on the spot to minerals, both of which are smaller than the ore. |

Perkin Warbeck
Black Watch Guard Curatores Veritatis Alliance
180
|
Posted - 2014.07.26 08:35:00 -
[9] - Quote
X ATM092 wrote:Perkin Warbeck wrote:Jump Buoy wrote:With the new changes to refining will it be more profitable to compress ore to sell rather than refine? Null sec builders will be seeking replacement for compression modules such as 425mm rails. It doesn't necessarily follow that they will want compressed ore. Instead I would think they will buy ore and compress it themselves. It depends if the price of compressed ore from the market is cheaper than compressing ore in a compression array. This doesn't make sense. Where exactly would one buy a supercarriers worth of uncompressed ore in order to compress it? Ore is too big to practically move, you either compress it to comp ore or you refine it on the spot to minerals, both of which are smaller than the ore.
I read the question as whether to refine ore into minerals, compress the ore into compressed ore or just sell the ore. As compression arrays can be anchored in high sec it is entirely feasible that a cap builder will be looking to see whichever of the last two mechanisms will give them the greater profit margin. Buy ore locally and compress yourself or buy compressed ore locally (or at a trade hub). |

Jarnis McPieksu
Habitual Euthanasia Pandemic Legion
517
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Posted - 2014.07.26 09:16:00 -
[10] - Quote
Perkin Warbeck wrote:Jump Buoy wrote:With the new changes to refining will it be more profitable to compress ore to sell rather than refine? Null sec builders will be seeking replacement for compression modules such as 425mm rails. It doesn't necessarily follow that they will want compressed ore. Instead I would think they will buy ore and compress it themselves. It depends if the price of compressed ore from the market is cheaper than compressing ore in a compression array.
No. Hauling all that uncompressed raw ore to a POS for compressing requires :effort: (and a POS near location of the Ore)
Price difference has to be major before a supercap builder will do it himself.
I fully expect Compressed to always be more expensive than raw ore. Also allows a "mini profession" of sorts - someone freightering full loads of ore from market to POS, compress, resell. No costs beyond sales taxes and trivial fuel costs at POS + time (which so many highsec dwellers value at 0).
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X ATM092
Clan Shadow Wolf Fatal Ascension
337
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Posted - 2014.07.26 17:14:00 -
[11] - Quote
If we assume ore mining is dispersed around all of eve, that super builders aren't especially into doing a shitton of freighter work, that random highsec mining corps don't typically mine and hoard tens of billions of ore at a time and that people are not inclined to haul unprocessed ore to Jita then the problem remains "who the **** do you buy a titan worth of ore off of?". If you buy it off of 30 different groups in 30 different areas then you'll be moving your POS around to compress it in each area.
There is not a central market system for raw ore because raw ore is a ***** to move. There is not a local market system for enough raw ore because super manufacturers need a shitton of it. |

Jarnis McPieksu
Habitual Euthanasia Pandemic Legion
523
|
Posted - 2014.07.27 14:06:00 -
[12] - Quote
X ATM092 wrote:If we assume ore mining is dispersed around all of eve, that super builders aren't especially into doing a shitton of freighter work, that random highsec mining corps don't typically mine and hoard tens of billions of ore at a time and that people are not inclined to haul unprocessed ore to Jita then the problem remains "who the **** do you buy a titan worth of ore off of?". If you buy it off of 30 different groups in 30 different areas then you'll be moving your POS around to compress it in each area.
There is not a central market system for raw ore because raw ore is a ***** to move. There is not a local market system for enough raw ore because super manufacturers need a shitton of it.
The market will adjust.
Compressed ore will be so much more valuable that there will be raw ore buy orders all over the EVE by pilots who compress & haul it to Jita for supercap builders to buy and JF out to null.
Also any large mining op will probably compress it themselves just for easing the delivery to market. All you need is a small POS and a compression module somewhere near your mining op. Trivial.
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Salpad
Carebears with Attitude
542
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Posted - 2014.07.27 14:13:00 -
[13] - Quote
X ATM092 wrote:excluding any short term variance compressed ore will always be worth more, it has the same innate value and massively greater utility
True, but you need to move the ore to a POS before you can compress it, and AFAIK the compressing facility has a very limited volume. And moving uncompressed ore is difficult as it's so bulky.
Now, if it becomes possible to compress ore in a station... Party time, man!!! |

Jarnis McPieksu
Habitual Euthanasia Pandemic Legion
523
|
Posted - 2014.07.27 15:00:00 -
[14] - Quote
Salpad wrote:X ATM092 wrote:excluding any short term variance compressed ore will always be worth more, it has the same innate value and massively greater utility True, but you need to move the ore to a POS before you can compress it, and AFAIK the compressing facility has a very limited volume. And moving uncompressed ore is difficult as it's so bulky. Now, if it becomes possible to compress ore in a station... Party time, man!!!
No, the compressing facility can take something like 20 freighter loads and its literally "click, stuff goes small, room for another 20 freighter loads".
Hauling is the problem, not the compression facility.
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Tau Cabalander
Retirement Retreat Working Stiffs
3987
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Posted - 2014.07.27 18:31:00 -
[15] - Quote
Saw some compressed ice on the market. It was priced like compressed ore, i.e. x100. The trick being that compressed ice is x1. |

Tauranon
Weeesearch Greater Western Co-Prosperity Sphere
1125
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Posted - 2014.07.28 00:19:00 -
[16] - Quote
Salpad wrote:X ATM092 wrote:excluding any short term variance compressed ore will always be worth more, it has the same innate value and massively greater utility True, but you need to move the ore to a POS before you can compress it, and AFAIK the compressing facility has a very limited volume. And moving uncompressed ore is difficult as it's so bulky. Now, if it becomes possible to compress ore in a station... Party time, man!!!
I did 3 freighter loads when compression came out, and then I subsequently converted those to compression contracts "in station", which is effectively that thing for a miner that doesn't have a compressor.
Getting them to buy the compression contracts set up for them on the other hand remains completely impossible.
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Tau Cabalander
Retirement Retreat Working Stiffs
3988
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Posted - 2014.07.28 05:10:00 -
[17] - Quote
Looking at Jita right now:
Tritanium: 5.33 / 5.19 That gives a Max Refine Dense Veldspar at POS [75.25232%]: 18.28 / 17.80 [343 units of 457 extracted]
Compressed Dense Veldspar should therefore be x100: 1828.00 / 1780.00
Actual Jita prices: Dense Veldspar: 18.42 / 15.05 Compressed Dense Veldspar: 2500.00 / 1912.50
So the raw ore is selling right at the mineral value, with a low buy-order price, and the compressed ore is selling for +672.00 / +132.50 over the mineral value. Even if you sell compressed to buy order you are better off in this case.
Other ores / markets will vary. Do you own math before refining / selling! |

Jaro Essa
Dahkur Forge
12
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Posted - 2014.07.28 06:02:00 -
[18] - Quote
Salpad wrote:...you need to move the ore to a POS before you can compress it, and AFAIK the compressing facility has a very limited volume. And moving uncompressed ore is difficult as it's so bulky. The Compression Array is enormous. It has 20 million cubic metre capacity, and compression is instantaneous.
Moving ore to a POS might have been a problem pre-Crius, but now it's possible to erect a POS anywhere in highsec. Drop a POS in the system you mine in, and compress there. Hauling the compressed ore to a hub is then trivial. |

Drago Shouna
Royal Amarr Institute Amarr Empire
69
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Posted - 2014.07.28 08:57:00 -
[19] - Quote
Is the investment in a pos for a small corp going to be worth it though?
Until the prices settle down i'm certainly not going to invest in one, simply because I have no idea if, or how long it's going to take to recoup the isk spent on one. |

Tau Cabalander
Retirement Retreat Working Stiffs
3990
|
Posted - 2014.07.28 17:49:00 -
[20] - Quote
I've spent 200m on research fees on about 4 BPO, and I've saved at least 20m of NPC tax so far, and I'm not in full-research mode yet.
Whether a POS is useful to you, is up to you to decide: do the math.
I have a large to myself, mostly for research, a corp-mate is using my second large mostly for manufacturing, and my third large is offline. I'm willing to pay for large towers because I'm also paranoid. |
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Drago Shouna
Royal Amarr Institute Amarr Empire
69
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Posted - 2014.07.28 20:04:00 -
[21] - Quote
Tau Cabalander wrote:I've spent 200m on research fees on about 4 BPO, and I've saved at least 20m of NPC tax so far, and I'm not in full-research mode yet.
Whether a POS is useful to you, is up to you to decide: do the math.
I have a large to myself, mostly for research, a corp-mate is using my second large mostly for manufacturing, and my third large is offline. I'm willing to pay for large towers because I'm also paranoid.
Fine, good on you.
But i'm talking about Compressing and Refining, nothing else.
I'm sure most players on here are better at the math than I ever will be btw.
So is it worth the expense of a one man corp, with all Reprocessing skills at 5 to invest in a POS? For the sake of a couple of % points?
I'm not sure it is really, considering the sheer time it'll take to get the isk back.
That's not even considering the hassle factor of maintaining it either.
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Tzar Sinak
Mythic Heights
111
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Posted - 2014.07.30 05:01:00 -
[22] - Quote
I bought a small tower, compression array and refine array. I haul it in my freighter when I go to get ore. When it's time I put the tower online to do my refine/compression. When I am finished I unachor and scoop it and move on. This takes less than an hour or 1 star base charter plus 10 fuel blocks. Rinse and repeat as required. |

Elizabeth Norn
Nornir Research
385
|
Posted - 2014.07.30 07:29:00 -
[23] - Quote
Drago Shouna wrote:Tau Cabalander wrote:I've spent 200m on research fees on about 4 BPO, and I've saved at least 20m of NPC tax so far, and I'm not in full-research mode yet.
Whether a POS is useful to you, is up to you to decide: do the math.
I have a large to myself, mostly for research, a corp-mate is using my second large mostly for manufacturing, and my third large is offline. I'm willing to pay for large towers because I'm also paranoid. Fine, good on you. But i'm talking about Compressing and Refining, nothing else. I'm sure most players on here are better at the math than I ever will be btw. So is it worth the expense of a one man corp, with all Reprocessing skills at 5 to invest in a POS? For the sake of a couple of % points? I'm not sure it is really, considering the sheer time it'll take to get the isk back. That's not even considering the hassle factor of maintaining it either. .
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Careby
214
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Posted - 2014.08.01 22:50:00 -
[24] - Quote
Tzar Sinak wrote:I bought a small tower, compression array and refine array. I haul it in my freighter when I go to get ore. When it's time I put the tower online to do my refine/compression. When I am finished I unachor and scoop it and move on. This takes less than an hour or 1 star base charter plus 10 fuel blocks. Rinse and repeat as required. How many loads can you manage to get into the array in the one hour it's online?
I compressed one full freighter load of compressed ore. It took over 60 freighter loads of uncompressed ore. The ore was luckily all sitting in one station. Even more luckily, my POS was anchored at a moon on a perfect (insta) undock vector from the station (saving freighter align time in one direction). It took a long time to haul the ore. Long enough that I gave up my dream of becoming an ore compressor.
Hauling ore is wasteful of time. I recommend doing it as little as possible. That means once, directly from the asteroid belt to the compression array, without ever dropping it at a station. I realize the likelihood of getting most miners to do anything other than mine is low, and the likelihood of getting haulers or traders to mine is probably even lower. But my gut tells me that's the right way to do it.
Sarcasm is OP |

X ATM092
Clan Shadow Wolf Fatal Ascension
340
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Posted - 2014.08.02 02:19:00 -
[25] - Quote
Careby wrote:Tzar Sinak wrote:I bought a small tower, compression array and refine array. I haul it in my freighter when I go to get ore. When it's time I put the tower online to do my refine/compression. When I am finished I unachor and scoop it and move on. This takes less than an hour or 1 star base charter plus 10 fuel blocks. Rinse and repeat as required. How many loads can you manage to get into the array in the one hour it's online? I compressed one full freighter load of compressed ore. It took over 60 freighter loads of uncompressed ore. The ore was luckily all sitting in one station. Even more luckily, my POS was anchored at a moon on a perfect (insta) undock vector from the station (saving freighter align time in one direction). It took a long time to haul the ore. Long enough that I gave up my dream of becoming an ore compressor. Hauling ore is wasteful of time. I recommend doing it as little as possible. That means once, directly from the asteroid belt to the compression array, without ever dropping it at a station. I realize the likelihood of getting most miners to do anything other than mine is low, and the likelihood of getting haulers or traders to mine is probably even lower. But my gut tells me that's the right way to do it. This is, unfortunately, the problem. It's also why trit spiked pre Crius. The optimal way to get compressed ore on the market is for the miners to switch from moving ore from the belt to a station for refining and moving to Jita to moving ore to a POS for compression and then moving to Jita. Once ore is refined in station it has vastly reduced utility and even once it is placed in station it would need ridiculous undervaluing of manhours and labour to justify either moving it uncompressed to a central location or buying it in small quantities to compress by a moving compression operation.
The system relies on miners thinking critically about their actions and seeking to optimise their isk per hour WHILE STILL REMAINING HIGHSEC MINERS. In short the system doesn't work. Those of us who predicted this moved a colossal stockpile of minerals to null while they still could. Those of us who did not, well I guess they work at CCP as part of the "good ideas" team. |

adriaans
Ankaa. Nair Al-Zaurak
9
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Posted - 2014.08.08 10:06:00 -
[26] - Quote
Personally I wish they'd make minerals rather than ore compressable... Just makes more sense to me ----True oldschool solo pvp'er---- My latest vid: Insanity IV |

Velicitia
Arma Artificer
2480
|
Posted - 2014.08.08 11:14:00 -
[27] - Quote
X ATM092 wrote: The system relies on miners thinking critically about their actions and seeking to optimise their isk per hour WHILE STILL REMAINING HIGHSEC MINERS. In short the system doesn't work. Those of us who predicted this moved a colossal stockpile of minerals to null while they still could. Those of us who did not, well I guess they work at CCP as part of the "good ideas" team.
SHHHHH, I'm making a ****tonne off of them 
Now, in my case, the "buy low, compress, sell high" is a secondary (or tertiary, depending) income source, so the time/effort being spent on it is simply time that I would be ship-spinning (or other "valueless" activity), so it's really a wash there.
(Edit because forums didn't censor, and it's too early in the morning to invoke the wrath of ISD) One of the bitter points of a good bittervet is the realisation that all those SP don't really do much, and that the newbie is having much more fun with what little he has. - Tippia |

Atkyaz Dreadstalker
Killer Sea Monkeys
4
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Posted - 2014.08.09 00:05:00 -
[28] - Quote
Tau Cabalander wrote: At those prices, one might even be able to buy ore, compress it and sell it at a profit.
Yup, averaging 20 million isk profit per load. And that is buy raw ore from sell orders and selling compressed ore to buy orders.
If it wasn't for the insanely fast turn around there would way more profit in using buy orders to get the raw ore, and selling compressed ore through sell orders.
Only problem i have had is getting my hands on enough raw ore to keep going. Even looking up to 5 jumps outside of Jita cheap raw ore is getting hard to find.
When I started I was making over 50 million profit per load, after taxes etc. Now I am having trouble keeping it at 20 mil per load.
I made over 500 million isk profits in a 3 hour session last night alone. That's profit, not volume moved, as in when I was done my wallet had 500M more than when I started. Went back to do the same tonight, can't find much ore worth flipping.
No point in keeping it a secret any more as it seems the opportunity has come and gone. I expect this will lead to smaller margins between raw and compressed ore prices.
I guess I was quick, and lucky enough to get a moon in a system next to jita to anchor my compression POS in. But I know there are players that will put in the effort for far less profit per load.
The secret is out, lets see how long it takes for the band wagon to get overloaded. |

Careby
215
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Posted - 2014.08.09 22:11:00 -
[29] - Quote
Atkyaz Dreadstalker wrote:Yup, averaging 20 million isk profit per load... I made over 500 million isk profits in a 3 hour session last night alone. That's profit, not volume moved... No point in keeping it a secret any more... The secret is out... There is more than one "secret". Some of them involve easier and faster ways to make 500m. But if ore compression is your thing, I suspect you'll manage to obtain plenty of raw ore to keep it going.
Sarcasm is OP |

Atkyaz Dreadstalker
Killer Sea Monkeys
4
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Posted - 2014.08.10 02:09:00 -
[30] - Quote
Careby wrote:Atkyaz Dreadstalker wrote:Yup, averaging 20 million isk profit per load... I made over 500 million isk profits in a 3 hour session last night alone. That's profit, not volume moved... No point in keeping it a secret any more... The secret is out... There is more than one "secret". Some of them involve easier and faster ways to make 500m. But if ore compression is your thing, I suspect you'll manage to obtain plenty of raw ore to keep it going. I know there are many was of making billions of isk is a day. but this venture was started with 80M in my wallet, 3 days later I was over 1 billion. I know station trading can make much more isk/hr, but it requires much more capital to maintain. If i was still making those profits, i would not have come here telling everyone about it, i would keep it to myself. but the fact that profits have dropped so much, and cheap stacks of ore are getting harder to find, I would say there are already more players doing it then the volume that even Jita can support.
Actually I can only do 10-15 loads a day out of Jita before I exhaust the available ore. Not that there isn't an abundance of ore, but it is stacks of ore that are cheap enough to make a decent profit that are getting harder to find. Grabing from Jita, hauling to my compression POS, compressing, and hauling back, selling to buy orders, literally takes less than 10 minutes per load. 5 jumps away from Jita to pick up ore takes about 30 minutes, If my compression POS wasn't right next door to Jita, it would really drop my isk per hour.
An example of my system, a freighter with cargo expanders can haul well over 1,000,000m3 of ore. racial freighter at 3 will give you about 1,000,000m3 of cargo space. That is 10,000,000 units of veldspar. 100 units of ore go into 1 unit of compressed ore. Buy orders for Compressed Veldspar today are at 2,200 isk per unit. Divide that by 100 for the price per unit of raw ore you get 22. raw veldspar is selling for about 20 isk per unit, so that only leaves 2 isk per unit profit. But at 10,000,000 units per load, that is still 20M isk profit per load. not counting taxes or POS fuel, So really most players would only make maybe 1 isk/unit profit now. Like I said before, this opportunity has pretty much come and gone. I was making 5-10 isk per unit when i started.
So I guess If I did not have over 9.0 standings with Caldari navy, and trading skills trained up, reducing my taxes to almost nothing. And my compression POS only one jump away, continuing to make decent isk could be a real problem.
You say there are faster ways to make isk, and I agree, however I already had the POS, and the Freighter, so my overhead is near zero. But for anyone reading this to try to jump in and make some quick isk, the time has come and gone, the profits have dropped off, so do not bother.
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Jarnis McPieksu
Habitual Euthanasia Pandemic Legion
531
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Posted - 2014.08.11 05:41:00 -
[31] - Quote
Thank you for doing what efficient markets should be doing. The "slack" from ore market is rapidly gone.
But there is still money to be made. You just need to move to buy orders.
The price disparity between ore and compressed ore is always going to be around. Whoever can be bothered by the :effort: of compressing it will make ISK. Not a huge load of it, but reasonable considering this is risk-free high sec stuff that can be done by anyone with a Freighter and an alt corp, plus some POS equipment.
Just pick a central system with miners around you, plop down your POS, buy ore from the nearby systems 2-3 jumps in every direction, compress, haul to Jita. Profit. |

Atkyaz Dreadstalker
Killer Sea Monkeys
4
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Posted - 2014.08.12 02:12:00 -
[32] - Quote
Jarnis McPieksu wrote:Thank you for doing what efficient markets should be doing. The "slack" from ore market is rapidly gone.
But there is still money to be made. You just need to move to buy orders.
The price disparity between ore and compressed ore is always going to be around. Whoever can be bothered by the :effort: of compressing it will make ISK. Not a huge load of it, but reasonable considering this is risk-free high sec stuff that can be done by anyone with a Freighter and an alt corp, plus some POS equipment.
Just pick a central system with miners around you, plop down your POS, buy ore from the nearby systems 2-3 jumps in every direction, compress, haul to Jita. Profit. Yes, I have considered using both buy orders to get the ore, and sell orders to unload the compressed ore. And that would make me much more isk per load. however, the important thing, my isk per hour, would take a big hit. The key to this is the fast turn around. Profits are low, but doing huge volume is what keeps my isk/hr high.
Don't worry about me./ The easy isk from this is gone. However, I am taking this to the next level, If all goes well, my new plan should put me close to if not over 1B isk per day. I have had a few days already at over 500M isk per session profits. |

Paynus Maiassus
Capital Munitions
78
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Posted - 2014.08.15 18:30:00 -
[33] - Quote
Jump Buoy wrote:With the new changes to refining will it be more profitable to compress ore to sell rather than refine?
Yes. |
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