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Due to some skills improving and some cool things happening I am about to redesign my megathron for the next iteration. This lets me share what I;ve been using for the past week or two.

6x Ion cannons
2x H-50's/Small Smarbombs, this is dependent on the sort of situation you think you'll get into. 1 is useful vs frigs/ecm the other is good against missle defence, you could even go for 1 of each.

1x MWD
1x Warp disruptor
1x Heavy Cap injector
1x Tech 2 cap recharger

1x Large armor repairer (I personally use accommodation units)
3x Thermal, Kinetic, Explosive Hardeners
1x Mag stab 2
1x CPU (at least a quantum, or better)
1x RCU

This setup trys to retain maximum dmg while still affording defensive abilities. I ahve tried to keep the upgrade mods (aka cpu's rcu's) to a minimum to save slots. THe armor tanking side is extremely cap efficient due to the high ratio from the accommodation unit and the higher resistances achieved with armor. Its not going to make you invulnerable, but its definitely going to make you very difficult to kill.

The midslots is obvious, MWD and warp disruptors are mandatory, MWD also functions as a nice 'get out of jail free card'. Heavy cap injector is an important part of it, the whole setup relies most on cap booster 800's. You need to be wise in boosting cap, but each booster is like 1/5 of total cap so you don't need to constantly boost.

Try it out on chaos or something, it works quite well.

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