Science & Industry

Greetings,

I would just like to put out some ideas on things - best practices for people that might want to consider this way of doing business with there ore and minerals they spend a great deal of time collecting.

1. Ore mining - well this is pretty standard - you spend a good deal of time (effort) and ISK (tools) to get this material from the local source to your hangar... don't waste it once it's there.

2. What to do when you have a pile of ore - well for one if your new to mining you probably do not have the standings or means to refine it w/o a good deal of waste - you might have a corp that will do it for you, but if not you should plan out the ore you are collecting and then you should plan skills to get to 100% (as close as you can in real numbers with standings and skill) so that when you start to refine your ore into minerals your not wasting them on NPC taxes or simple waste.

3. Minerals - OH, SELL SELL... ISKies!!.. hold on Tex... lets take a look at this and consider what your doing.

a. Gankers - your worst foe for mining... HS anyway... use ship that get cheaper when minerals are cheap on the market - meaning over supplie by people dumping there minerals and ore on the market... your creating your own issues by selling cheap.

b, Minerals (and raw ore) should be considered by you as "potenial ISK" not as some pile of something to be sold as soon as you get it... don't sell your ore/minerals until you need to and then only sell enough to get the exact amount of ISK you need for whatever it is your doing - this has a profound effect on the market if even a few people out of the many do this regularly... and the more that take this up the better the results for them and you - Win-Win (for the miners anyway).

So, what should you do:

1. Pile up your ore in your local hangar in cans - and work on your refining skills - don't sell any, don't refine any... not yet... just watch that pile grow and see the "est ISK" value climb.

2. Once you have refining maxed for your ore(s) refine them locally and then place it into cans again... watch that potential ISK gain again... this time you can either sell them or use them for making things... but if your thinking of selling them to the market... then consider this

NEVER sell anything with a push of the button - SELL... NO NO NO... FAIL.
ALWAYS sell with the -.01 ISK less then the same item in the station your selling at... and check your sell orders periodically, work on trade skills if you want to do it from a distance.

-BUT WHY? - because when you just push sell - your making someone that is in TRADING RICH on your poor use of the market... and you just gave them the margin your worked so hard to get.

Now once you have done the -.01 ISK philosophy on selling, your not wasting your ore in bad refining and you now have a nice bit pile of minerals in your hangar, selling only what you need from time to time to keep operating ISK in your wallet or funding that special whatever... and knowing that your waiting for the best times to sell... you can now start to become what is termed "rich" in EVE.

WHAT IS RICH? - simply put, "RICH" is having both savings (in this case potential ISK in the form of ore and minerals) and a hedge against inflation and de-flation... meaning you have put your savings in a form not capital, in EVE meaning ISK... once you sell you have either realize a gain or a loss of margin and position... so you want to keep that to a minimum, which is why the bulk of your ore and minerals should stay in that form only being tapped for when you need it for a specific build or sell..

-OK so I start to do this why is this important?

Because in keeping your ore/minerals (even just a little bit if your new) off the market until it's best for your to sell what you need your keeping the overall supply just that much less and therefore keeping buy orders from pushing the price down, meaning you ore is worth less than it was before you pushed SELL... every unit of ore or minerals into the market de-values the rest by that much... which is why when lots of people do it, the price goes down... when people hoard the price goes up... regardless of the rest of EVE if you do this little bit your margins will be better, if many people do it it's win-win for everyone - well the miner's anyway... not doing, is a lose... so don't lose, be smart in selling

Now what's this matter... well you have heard perhaps of the OTEC setup by the Goons, or their Ice-Interdictions, and so on.... and say... yea but they have so many members they can affect the market... yep they can, but so can you, it's not so much numbers that mean it's effective, EVERY single unit in or out of the markt affects it, just the bigger the more the effect.. but every bit counts, and in that it affects your wallet... so don't just cash out saying meh, my amount doesn't matter it's so small, it does and again every unit in and out affects the market in or against your favor.

So, hope this inspires new miners to do smart economics with trade/selling and maybe some old miner's that never considered this... but you should not only be a miner, but a trader in minerals if you want to make mining profitable... max profits, because your are the base line of EVE's total economy, never forget that.

Nooooooooooooooooooooooooooooooooo!

Sell to buy orders!

It makes manufacturers happy!




More seriously, bulk selling makes me happy. I /loathe/ having to fly round 6 stations to pick up enough trit. Buying millions at a time, in a single station, makes me happier. Happier to the point I'll pay a (very small) premium to do it. Of course, 0.01 isk on 86 million units of trit isn't inconsequential.

I will sell to buy orders but that's because the prices listed are only a few isk below the sell orders above..

I stockpile for a month or so then create a sell order. I mine out of boredom not out of necessity. Any minerals I require for my industrial work is simply too much to mine myself or in a fleet.

Nice philosophy Aurelius. That is the ideal method of trading in minerals and it would be excellent if more miners traded in that fashion. I have to admit I sell to buy orders if I'm not manufacturing items myself although I admit it is not the most profitable method. Probably laziness on my part more than anything else. I do watch the prices though and keep an eye on trade hubs to check I am selling at the best places/prices. I shall endeavour to follow your philosophy though.

You dont know how market works tecnically in EVE.
In your example you buy from tom, paying 1900.00.

Also want to note that in times a masive decline in ore/minerals - prices is to be expected, piling up your minerals might not be the smartest move.

This is interesting, Il get right to buying 10 units of each ore and test this out for a while, randomly.

My rule of thumb is if I can dump on a "buy" order and get within sight of the lowest sell order, I'll do it. Less hassle, and I can get the ISK on the barrelhead instead of waiting. If you sell in Jita or one of the other trade hubs, it's really hard to compete on "sell" order profts -- I'm a miner, not a trader. I've got better ways of maximizing my profit on any given load than eking out fractions of an ISK.

When I really want to maximize my price for my minerals, I'll just sell via contract directly to manufacturers. (I've actually done contract mining, where all output in a given op goes to my client for a fixed fee.)

But you are still going to be buying from the cheapest in the station, unless he is the only one in that station...