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The day when highsec mining became more profitable than nullsec/lowsec mining.
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corestwo
Goonfleet Investment Banking
#41 - 2012-07-20 13:23:30 UTC
Mara Rinn wrote:
Just cleared out 40M ISK worth of Scordite from belts within 4 jumps of Jita. Earlier today I cleared out about 30M ISK worth of Scordite near Dodixie.

I am in no hurry to educate the miners of New Eden. Not with Pyerite pushing 15 ISK per unit.

Just waiting for corestwo and friends to get bored of playing the market now :)



I'm flattered that you think it's us, but we're helpless bystanders watching the profits pass us by - CCP still has our stuff. Really! Blink

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Mara Rinn
Cosmic Goo Convertor
#42 - 2012-07-20 13:25:23 UTC
corestwo wrote:
I'm flattered that you think it's us, but we're helpless bystanders watching the profits pass us by - CCP still has our stuff. Really! Blink


And you even have a Goonswarm recruitment offer to sell me! What a wonderful guy :)

Day 0 Advice for New Players
Shizuken
Venerated Stars
#43 - 2012-07-20 20:16:43 UTC
Mara Rinn wrote:
Thus one of the basic assumptions of economics has been violated: miners are not “rational players”.


Wrong! They are rational. When they notice the change they will all switch and mine scordite. Right now they are still in the conditioned response to low scordite value. If you stopped getting mail for 2 years you probably would not still go out every day and check it. But once you see the mailbox overflowing with mail, you will start checking it again. That is being rational.
Mara Rinn
Cosmic Goo Convertor
#44 - 2012-08-11 23:33:00 UTC
Droxlyn wrote:
If the rational miner only mined (or only sold) at prices which made all ores they mined equal, you would get this chart:
https://docs.google.com/spreadsheet/ccc?key=0Av49RIDL-V7zdG5VV1hGdEwxTjR6Q2ltcHU5QjFsUXc#gid=4


To factor in null sec "rational actors" (and contradict other statements I have made in this thread) you have to run the same equalisation for the values of minerals. If you live a long way from a market, you will value your mining time based on ISK/m3 of the product that you are taking to market. For example, you might stuff your freighter full of Megacyte and Zydrine, and haul to Jita when you have the time and patience to do the scouting, cyno lighting and NPC corp handoff. Thus you will value ABC more highly due to the time it takes to haul stuff to market (there is no difference in cost to refine between lowends and highends).

For someone who mines one jump from a market hub, they just mine the most valuable ISK/m3 ore, refine it, dump it on the market. For someone who mines ten jumps from a market hub, the lost time hauling a mineral that is worth half to a tenth of the value will need to be factored in to the profitability calculator: especially when hauling actually costs ISK (as opposed to simply costing time).

Taking the cost of transport into account, it might turn out that the value of highend minerals will have to drop significantly before it becomes worth mining anything other than ABC.

Remember, the goal is ISK/hr, not "value of ore mined per hour". Thus you have to evaluate the entire chain from lasers on rocks through to ISK in wallet. To balance that spreadsheet you'll need to include the unit cost of transporting to market: this gets complicated due to mineral compression (e.g.: it might be easier to get large quantities of Megacyte to market than Zydrine).

Day 0 Advice for New Players
Seminole Sun
Hell's Librarians
#45 - 2012-08-12 00:25:24 UTC
My gut (and this is a carebear's opinion) is that mining ops in null-sec are decidedly NOT ABC only mining operations but rather vast strip mining activities that includes such ugliness as Omber. I KNOW that WH operations are like this because they need to trigger the anomaly respawn. By including those horrible options you push the mineral equilibriums all of out of whack. If you band the minerals in basic, logical groups, the algebra actually comes out pretty close to today's prices with the exception of Pyerite which, relative to Tritanium, is significantly overvalued.
Mara Rinn
Cosmic Goo Convertor
#46 - 2012-08-12 01:39:22 UTC
Seminole Sun wrote:
My gut (and this is a carebear's opinion) is that mining ops in null-sec are decidedly NOT ABC only mining operations but rather vast strip mining activities that includes such ugliness as Omber. I KNOW that WH operations are like this because they need to trigger the anomaly respawn.


The anomalies in nullsec respawn some time after the first ore has been mined/last ship has left grid. So you can leave rocks in the anomaly and it will still disappear. I'm not sure how they behave in w-space, but I'm aware you want to get rid of the anomaly sooner rather than later, so you mine it to extinction.

Thus in nullsec you can get by without mining spodumain and omber.

Day 0 Advice for New Players
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