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Mekrunt
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Posted - 2007.03.12 15:10:00 -
[1]
I can mine about 15.000 m3 per hour. Now, I've done some calculations (using evegeeks orecalc), and I came to the conclusion that scordite is pretty much the most profitable ore in empire.
Sure, hedbergite might bring in some more, but it's only available in low sec, where the risk of pirates outweighs the little bit of money it brings in by far. (I mean, losing an Osprey to a pirate equals about 10 hours work mining hedbergite).
Not only that, but scordite is available everywhere, in quite large quantities. Right now, I'm mining it in a 0.9 system (so no rats, that saves some cash on guns/ammo/tank and allows me to fit another miner upgrade) with great market acces.
This doesn't seem right. Am I missing something? Why would anyone mine in low sec if more profitable stuff is also available in high sec?
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William McCracken
Gallente
The Graduates
Ivy League
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Posted - 2007.03.12 15:36:00 -
[2]
Basically you are correct. The current state of the market is such that if you're mining for cash, then your best high-sec option is scordite. This is due to the high price on pyerite. This may be a temporary condition, or it may be the new norm post-Revelations.
Some hold the opinion that the low prices on megacyte and zydrine are due to the big 0.0 alliances dumping large quantitites of high-end minerals on the market to raise money for their war. If so, this could be a temporary downturn in the high-end mineral markets.
Also, I've heard that CCP banned some macro-miners, which drove up the prices on low-end minerals as the supply shrank.
So mine that scordite! I would love it if pyerite prices would come down a bit.
William McC racken
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Asestorian
Minmatar
Sebiestor tribe
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Posted - 2007.03.12 15:39:00 -
[3]
Because the markets are player driven, supply and demand raises and lowers prices. In this case there is a great demand for the low end minerals like tritanium and pyerite, however the supply isn't as high as it was before. Therefore, the prices raise, and the ores that give those minerals become more profitable.
As a miner, you will need to keep an constant eye out for the different mineral prices, and adjust your preferred ore accordingly for the best profits.
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Mekrunt
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Posted - 2007.03.12 15:54:00 -
[4]
Ah ok. So are there any speculations on when the prices will go down?
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Asestorian
Minmatar
Sebiestor tribe
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Posted - 2007.03.12 16:04:00 -
[5]
Not really. Prices will only go down when loads more people start dumping large quantities of the minerals onto the market. And when that will happen is quite hard to predict. And even then, it can be avoided much more easily by making sure you aren't selling around Jita and other hubs, as that is where the most competition is, and where the price dropping will occur first.
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Mekrunt
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Posted - 2007.03.12 16:14:00 -
[6]
Heh, I guess i'll have to move then. I'm curently in Maurasi :P
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pass lake
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Posted - 2007.03.12 16:30:00 -
[7]
I have found that by the time you move into an asteroid field, clear the rats, find available space to set up secure containers, and start mining, I can just go to a 0.9 system and start jetcan mining scordite right away. I have not done the math but I think it is more cost efficient at this time to just mine scord
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Anthal
Order's Chaos
FREGE Alliance
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Posted - 2007.03.12 17:50:00 -
[8]
 Originally by: William Mc*****en
Some hold the opinion that the low prices on megacyte and zydrine are due to the big 0.0 alliances dumping large quantitites of high-end minerals on the market to raise money for their war. If so, this could be a temporary downturn in the high-end mineral markets.
It's more due to the new 0.0 regions. The drones drop compounds which refine into very high amounts of the High-End minerals, but almost no mid and low-ends. With many new corps and alliances moving to the region, the amount of high-end materials skyrocketed, causing the prices to plummet to almost 50% of their original value. In most cases, Trit is in more demand than Megacyte and Zydrine in the new 0.0 regions, and a wise miner/industrialist can make a killing hauling the low-ends to various outposts in the new regions (as long as they have correct standings/docking rights).
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Bleys Vontagen
Gallente
Phoenix Logistics Industries
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Posted - 2007.03.12 23:39:00 -
[9]
Originally by: Mekrunt
This doesn't seem right. Am I missing something? Why would anyone mine in low sec if more profitable stuff is also available in high sec?
A number of factors are involved. The wars in low-sec have caused a greater demand in ship building, yada-yada-yada. These low-sec corps are also dumping mineral stocks/heavily mining to fund their war. To make it worse for the high-end minerals, many companies have finally moved to drone space and the drones refine into lots of high-end minerals.
In short, supply and demand rears it's ugly head...
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Mekrunt
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Posted - 2007.03.13 00:55:00 -
[10]
Hmm, ok. So this is how I see it now:
- Alliance wars cause more demand in low end minerals.
- High end minerals are mined is huge quantities to pay for the low end minerals.
- Drones are being refined into even more high end minerals.
Correct?
Now a little forecast:
- Alliance wars continue, and will probably only get bigger, thus increasing the demand for low end minerals even more.
- More drones will be refined as more and more people move into drone space thus creating more and more supply for high end minerals.
- More people will start mining low end minerals (Anyone in empire basicly, since they're the most profitable), causing low end mineral prices to stay roughly the same (More wars is more demand).
- Uncertain about dumping of high end ores...
So it looks like high end mineral supply will rise, or atleast stay at the same level, whilst demand will stay roughly the same. It also looks like low end minerals will be in demand more, though supply will probably grow aswell.
To me, it doesn't look like prices will change alot soon.
Am I right about this, or am I looking at it completely wrong?
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Bilanto Gatejumper
Caldari
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Posted - 2007.03.13 13:02:00 -
[11]
Edited by: Bilanto Gatejumper on 13/03/2007 12:59:09
Sounds right.
The only thing you don't have into your formula is CCP. If they dont like this (Remember, they don't like all the carebares in Empire and want them to move to 0.0) then they can do something about the balance and turn the marked upside down in a month or less.
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Mekrunt
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Posted - 2007.03.13 13:38:00 -
[12]
CCP, yes... That was something I thought of. Ofcourc CCP don't really like this, so they'll probably come up with something to flip it over.
However, I do expect them to look at it a little more before flipping anything over. See how it developes naturatly in the next few months or so.
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Kaylee Kaitlen
Gallente
Phoenix Wing
Alektorophobia
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Posted - 2007.03.13 18:48:00 -
[13]
Hmmm... I've done my own calcs and I must be missing something here. I was thinking that Plagioclase was my best high-sec bet. Tell me where I've screwed up:
A 333m3 batch of Scordite refines into 833 Tritanium and 416 Pyerite. A 333m3 batch of Plag, refines into 256 Tritanium, 512 Pyerite, and 256 Mexallon. Knowing that Pyerite is the money maker here and Mexallon is just gravy, why not mine the Plagioclase?
Damage is king, Speed kills, Style is everything
Burn with passion, Kill with rage, Live with hope, Die with honor |
Shimizu Taiki
Gallente
Terra Incognita
Confederation of Independent Corporations
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Posted - 2007.03.13 19:12:00 -
[14]
Well, selling Scordite and Plag as ore, Scordite is making more.
Just made 1.1M isk from 2 runs worth of Massive Scordite.
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Yea, Tho I Walk Through The Valley Of The Shadow Of Death, I Shall Fear No Evil
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Chigger Troutslayer
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Posted - 2007.03.13 19:24:00 -
[15]
Originally by: Kaylee Kaitlen
Hmmm... I've done my own calcs and I must be missing something here. I was thinking that Plagioclase was my best high-sec bet. Tell me where I've screwed up:
A 333m3 batch of Scordite refines into 833 Tritanium and 416 Pyerite. A 333m3 batch of Plag, refines into 256 Tritanium, 512 Pyerite, and 256 Mexallon. Knowing that Pyerite is the money maker here and Mexallon is just gravy, why not mine the Plagioclase?
Where you are going wrong is the volume per unit of ore. Scordite is .15m3, Plagioclase is .35m3 per unit. So in the time it takes you to mine 333 units of Plag you can mine more that twice as much Scord 2.33X = 778units of Scord. Multiply 2.333 X the batch yeilds above and see where you come out...
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Mog Carns
United Confederation of Corporations
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Posted - 2007.03.13 19:30:00 -
[16]
Something is off, Kaylee, and at first glance it is looking like your m3 sizes. When it is all said and done with, plag is worth about 66% of scordite under the current market.
I am guessing, although you wrote m3, you are comparing 1:1 numeric values, where plag is more than twice the m3 size of scordite.
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Kaylee Kaitlen
Gallente
Phoenix Wing
Alektorophobia
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Posted - 2007.03.13 19:33:00 -
[17]
mog and chigger, you're right -- I was just looking at units, not volume. I just assumed that the number mined/cycle were the same, but now I see it's not.
Time to switch!
Damage is king, Speed kills, Style is everything
Burn with passion, Kill with rage, Live with hope, Die with honor |
Simon Jax
Gallente
Freedom Guard
Curse Alliance
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Posted - 2007.03.13 23:22:00 -
[18]
It's also worth noting that the recent addition of Exploration Hidden Belts in Empire space has given mining/production corps a non-0.0 source for high end minerals. While they aren't steady income for most mining/production corps they can often yield enough high-end minerals to eliminate the highest couple of buy orders.
I don't personally mine often, but I found a hidden Gneiss belt in a 0.4 system two jumps away from a 2,500 isk/unit zydrine buy order. It was only for 1,810 units but it didn't take me very long to mine enough of the Pristine Gneiss to polish it off. The next highest buy-order was 2,050 isk/unit.
--Wherever you go, there you are. |
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