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Miners: How to make Money during Hulkageddon
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Vladimiru
University of Caille
Gallente Federation
#1 - 2012-05-13 04:16:59 UTC
It's too late now to follow the plan I'm going to give you, but rest assured you'll be able to do it next time.

When Hulkageddon is over, starting mining again and DO NOT SELL your minerals. Stockpile them until the next Hulkageddon event, wait for prices to peak and make a religious fortune. Also, don't mine during that Hulkageddon period.

I made a lucrative fortune this Hulkageddon from stockpiling and NOT mining this time around.

My thanks to the high-sec PvP carebears that gank targets that can't shoot back!
Torneach
Doomheim
#2 - 2012-05-13 04:18:23 UTC  |  Edited by: Torneach
You, sir, are an EVE hero.

EDIT: I mean that totally non-sarcastically.
Vladimiru
University of Caille
Gallente Federation
#3 - 2012-05-13 04:25:37 UTC
I should mention that this plan punishes the High sec PvP bears also, because if we all stockpiled our Minerals for 6-11 months until the next Hulkageddon, the high sec PvP would have to pay ridiculous prices for every the most lousy t1 ship.
daddys helper
State War Academy
Caldari State
#4 - 2012-05-13 04:27:01 UTC
well, how about that

you sir win eve and set a shining example to all these sad little pubbies getting blowed up
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
#5 - 2012-05-13 05:09:08 UTC
I can't believe no one has ever posted that awesome plan before! Shocked

"Little ginger moron" ~David Hasselhoff 

Want to see what Surf is training or how little isk Surf has?  http://eveboard.com/pilot/Surfin%27s_PlunderBunny
Akirei Scytale
Okami Syndicate
#6 - 2012-05-13 05:09:33 UTC
this is like, economics 101

anticipate demand / lack of supply, prepare for it, profit.
Kriegman
Deep Core Mining Inc.
Caldari State
#7 - 2012-05-13 05:10:34 UTC
Perfect time for nullsec miners to sell Big smile
Montevius Williams
The Scope
Gallente Federation
#8 - 2012-05-13 06:33:27 UTC
How to make money during Hulkagedon:

Do something else.

"The American Government indoctrination system known as public education has been relentlessly churning out socialists for over 20 years". - TravisWB
D3F4ULT
#9 - 2012-05-13 06:34:24 UTC
If I could almost potato.

"Bow down before the one you serve, you're going to get what you deserve"
Gerrick Palivorn
Caldari Provisions
Caldari State
#10 - 2012-05-13 06:35:31 UTC
I hear nullsec is pretty safe this time of year...

MMOs come and go, but Eve remains.  -Garresh-
Kietay Ayari
Caldari State
#11 - 2012-05-13 06:57:45 UTC
There is only one small problem with this, besides the idea of waiting a year to get any money from your playtime o_O but strictly economically speaking!

Don't forget about opportunity cost. If you have anything sitting around doing nothing, it is the same as losing money. If you had of sold those minerals and invested the ISK, it would grow into more ISK. You would have to calculate how much ISK you would make selling at lower prices and investing that money for a year, compared to the higher prices around hulkageddon.

Math time fun time.

Ferox #1
Romar Agent
Science and Trade Institute
Caldari State
#12 - 2012-05-13 07:13:30 UTC
How to make money during Hulkageddon:

Mine. I haven't seen a single ganker in my neck of the woods.

May I invite those Ladies and Gentlemen who are going for Freedom of Fire! to show a little more dedication?
Jake Warbird
Republic Military School
Minmatar Republic
#13 - 2012-05-13 07:33:56 UTC
I only follow advice from people with a B.S in their respective field.

Sugar Von MurdererTits : Jake Warbird gets my vote for most intriguing and attractive male character in Eve.
Miilla
Hulkageddon Orphanage
#14 - 2012-05-13 07:58:08 UTC  |  Edited by: Miilla
Mining for isk? Isn't that hard? and involves Work and effort?

I've never mined in eve and I have made billions, sometimes 1 or 2 billion within 10 mins of logging on :) Why can't you?

I probably have chewed through hundreds of billions in my lifetime in the game.

You are better salvaging/looting and trading to make money, then go out and have fun in the game which doesn't involve staring at rocks or go do some sites. That has big money in it, exploration also has big money I hear, but I haven't really used that as my isk maker yet - even though I am sitting in a W-space system right now :)
Sir Asterix
Doomheim
#15 - 2012-05-13 08:06:12 UTC
Kietay Ayari wrote:
There is only one small problem with this, besides the idea of waiting a year to get any money from your playtime o_O but strictly economically speaking!

Don't forget about opportunity cost. If you have anything sitting around doing nothing, it is the same as losing money. If you had of sold those minerals and invested the ISK, it would grow into more ISK. You would have to calculate how much ISK you would make selling at lower prices and investing that money for a year, compared to the higher prices around hulkageddon.

Math time fun time.



Your theory is flawed. If enough miners all decide to sit on their tritanium as an investment as they don't like the current market value of say 4 isk a unit. They sit on their investments until the price hits 6 isk a unit then a lucky few who sell their investment quickly will make more isk back before the prices drop again. (Trick is guessing when the price will drop again) So stock sitting around doing nothing is as much an investment as freeing up the isk to spend again.

I base profit in eve on my wallet balance from before a transaction to after a transaction... if my wallet has grown I've made a profit if it has shrunk then I've made a loss. I don't base losses and profits on could of's

If made a ship (at 35 mill out of pocket expenses) and sold it for 50 mill isk , but I could of made 70 mill, have I made a loss of 20mill isk? No I've made a profit of 15 mill isk. If I buy some stuff and leave it sitting around for 7 months before selling it again, have I been losing isk? No... and if I sell it for more than I bought it for i've made a profit.

Isk is too easily come by in EVE for the could of's and maybe's to matter. Leave that to the real world accountants playing with real money
Kietay Ayari
Caldari State
#16 - 2012-05-13 08:15:28 UTC
>_> Oh man I am embarrassed for you just reading that Asterix. Pride in ignorance o_o terrifying. Contrary to popular belief, If you could have sold something for 70m but sold it for 50m, you did actually take a loss of 20m. The time you spent working was worth 70m, so you just gave away 20m worth of time.

I know it might be a tiny little turtle bit hard to understand. But when you exert effort it is worth something, and short changing yourself is the same as giving away money.

Ferox #1
Sir Asterix
Doomheim
#17 - 2012-05-13 08:38:36 UTC
Kietay Ayari wrote:
>_> Oh man I am embarrassed for you just reading that Asterix. Pride in ignorance o_o terrifying. Contrary to popular belief, If you could have sold something for 70m but sold it for 50m, you did actually take a loss of 20m. The time you spent working was worth 70m, so you just gave away 20m worth of time.

I know it might be a tiny little turtle bit hard to understand. But when you exert effort it is worth something, and short changing yourself is the same as giving away money.


Rich is rich. It does not matter how you get their, a couple of large strides or lots of little steps.

I'm a casual player, I value my stock moving quickly rather than logging on and playing 0.5 isk silly buggers all night to squeeze every last % of potential profit out of stuff I have on the market. The saying easy come easy go, is my motto in eve.
Vladimiru
University of Caille
Gallente Federation
#18 - 2012-05-13 08:38:44 UTC
Kietay Ayari wrote:
>_> Oh man I am embarrassed for you just reading that Asterix. Pride in ignorance o_o terrifying. Contrary to popular belief, If you could have sold something for 70m but sold it for 50m, you did actually take a loss of 20m. The time you spent working was worth 70m, so you just gave away 20m worth of time.

I know it might be a tiny little turtle bit hard to understand. But when you exert effort it is worth something, and short changing yourself is the same as giving away money.


and this philosophy is why speculators crashed the economy and had tax payers bail them out NOT because they lost money, but because they didn't make as much money as expected, which they interpreted as a loss instead of a lesser gain.
Romar Agent
Science and Trade Institute
Caldari State
#19 - 2012-05-13 08:39:24 UTC
Miilla wrote:
Mining for isk? Isn't that hard? and involves Work and effort?

I've never mined in eve and I have made billions, sometimes 1 or 2 billion within 10 mins of logging on :) Why can't you?
Some people don't mind working.

And for some, the journey is the reward.

I do not mine for ISK, but for the mining.

If I want ISK, I use a more time efficient method and sell PLEX.
Vladimiru
University of Caille
Gallente Federation
#20 - 2012-05-13 08:46:28 UTC  |  Edited by: Vladimiru
Romar Agent wrote:
Miilla wrote:
Mining for isk? Isn't that hard? and involves Work and effort?

I've never mined in eve and I have made billions, sometimes 1 or 2 billion within 10 mins of logging on :) Why can't you?
Some people don't mind working.

And for some, the journey is the reward.

I do not mine for ISK, but for the mining.

If I want ISK, I use a more time efficient method and sell PLEX.



Also this. I mine to dramatically lower my ISK "sink rate" making a plex purchase 5-10 times it's value. However this Hulkageddon profit will keep me from buying PLEX for a very long time
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