These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

EVE General Discussion

 
  • Topic is locked indefinitely.
 

SomerBlinks non-RMT RL earnings

First post
Author
Rroff
Antagonistic Tendencies
#641 - 2013-11-01 17:01:10 UTC
Seems to be a little bit of a misconception as to what the GTC referral bonus credit actually is in this thread. Only a small percentage of players will see anything close to or exceeding 1bn ISK to actually put back ingame - Somer still has to buy that ISK (some will be covered out of players putting ingame ISK into Somer and losing rather than getting credit from GTC purchases) at PLEX prices to cover payouts.
MyEveLotto
Doomheim
#642 - 2013-11-01 17:14:44 UTC
Rroff wrote:
Seems to be a little bit of a misconception as to what the GTC referral bonus credit actually is in this thread. Only a small percentage of players will see anything close to or exceeding 1bn ISK to actually put back ingame - Somer still has to buy that ISK (some will be covered out of players putting ingame ISK into Somer and losing rather than getting credit from GTC purchases) at PLEX prices to cover payouts.


And you, sir, have demonstrated that you have no idea how the business works.

Lottery hosts take a cut of the lottery proceeds. That's their "pay" for hosting the lottery. Somer does the same, to the degree of about 30%. So every blink that happens, Somer makes money from it because the payout value is not equivalent to the invested value (the cost of the tickets).

Thus, no, Somer doesn't have to buy ISK via PLEX to cover payouts. Somer just has to get people to play their Blinks and they can cover payouts forever.

myEVElotto.com - The New Public Lottery Site

Rroff
Antagonistic Tendencies
#643 - 2013-11-01 17:23:38 UTC  |  Edited by: Rroff
MyEveLotto wrote:

And you, sir, have demonstrated that you have no idea how the business works.

Lottery hosts take a cut of the lottery proceeds. That's their "pay" for hosting the lottery. Somer does the same, to the degree of about 30%. So every blink that happens, Somer makes money from it because the payout value is not equivalent to the invested value (the cost of the tickets).

Thus, no, Somer doesn't have to buy ISK via PLEX to cover payouts. Somer just has to get people to play their Blinks and they can cover payouts forever.


Hence my caveat in brackets.

While there is no doubt a good ISK stream from people still playing using credits purchased with ingame ISK increasingly a lot of people only ever play with the credit from GTC purchases which is magiced out of thin air. Not sure what the balances actually are but thats going to be digging into their cut quite a bit at the very least potentially causing them to have to purchase ISK if too large a proportion only play via that referral credit.


(I might be underestimating how many people still play via purchasing credit with ingame ISK - pretty much everyone I know who plays only ever does it off the referral credit so I may have made a bit of a big assumption as to the general story).
Lena Lazair
Ministry of War
Amarr Empire
#644 - 2013-11-01 17:24:11 UTC
Rroff wrote:
Seems to be a little bit of a misconception as to what the GTC referral bonus credit actually is in this thread. Only a small percentage of players will see anything close to or exceeding 1bn ISK to actually put back ingame - Somer still has to buy that ISK (some will be covered out of players putting ingame ISK into Somer and losing rather than getting credit from GTC purchases) at PLEX prices to cover payouts.


What?

Anyone who buys a 60-day GTC and gets 1bn Blink credit can turn it into ISK at a rate of about 80%. Unless they are dumb. For every 60-day GTC you buy and 1bn Blink credit you get, you can guarantee a ~800m ISK payout. That's kind of the whole crux of this issue.

And I'll eat my laser eyesight if Somer is buying PLEX to cover payouts, considering the 20% house rate they make on the quadrillions of ISK being gambled; some giant % of which is NOT Blink credit earned through GTC purchases but instead ISK deposited directly from player wallets.
Rroff
Antagonistic Tendencies
#645 - 2013-11-01 17:29:14 UTC
Lena Lazair wrote:


What?

Anyone who buys a 60-day GTC and gets 1bn Blink credit can turn it into ISK at a rate of about 80%. Unless they are dumb. For every 60-day GTC you buy and 1bn Blink credit you get, you can guarantee a ~800m ISK payout. That's kind of the whole crux of this issue.

And I'll eat my laser eyesight if Somer is buying PLEX to cover payouts, considering the 20% house rate they make on the quadrillions of ISK being gambled; some giant % of which is NOT Blink credit earned through GTC purchases but instead ISK deposited directly from player wallets.


I might be underestimating the number of people still playing out of their player wallets as per my post above in the general story - I don't actually know anyone any more who plays using ingame ISK.
Baali Tekitsu
AQUILA INC
Verge of Collapse
#646 - 2013-11-01 17:30:39 UTC  |  Edited by: Baali Tekitsu
Rroff wrote:
Lena Lazair wrote:


What?

Anyone who buys a 60-day GTC and gets 1bn Blink credit can turn it into ISK at a rate of about 80%. Unless they are dumb. For every 60-day GTC you buy and 1bn Blink credit you get, you can guarantee a ~800m ISK payout. That's kind of the whole crux of this issue.

And I'll eat my laser eyesight if Somer is buying PLEX to cover payouts, considering the 20% house rate they make on the quadrillions of ISK being gambled; some giant % of which is NOT Blink credit earned through GTC purchases but instead ISK deposited directly from player wallets.


I might be underestimating the number of people still playing out of their player wallets as per my post above in the general story - I don't actually know anyone any more who plays using ingame ISK.

I think there might be one or even two persons in EvE you dont know.

RATE LIKE SUBSCRIBE

Rosewalker
Khumaak Flying Circus
#647 - 2013-11-01 17:32:40 UTC
Rroff wrote:
Seems to be a little bit of a misconception as to what the GTC referral bonus credit actually is in this thread. Only a small percentage of players will see anything close to or exceeding 1bn ISK to actually put back ingame - Somer still has to buy that ISK (some will be covered out of players putting ingame ISK into Somer and losing rather than getting credit from GTC purchases) at PLEX prices to cover payouts.


You are correct. For every 1 billion in ISK SOMERblink grants in credits, players only get an average of 80% back. So, when you do the math, back when SOMER was only giving out 200 million ISK per 60-day GTC and taking into account bonuses for bulk purchases, SOMER was making between $8.25 and $12.50 per 1 billion ISK given out, assuming SOMER only received the standard 5% commission rate. But that rate is probably not realistic given information that came out. SOMER is probably receiving an 8% commission rate, which means SOMER was making between $14-$20 per 1 billion ISK given out.

Of course, those figures no longer apply at the 1 billion ISK per GTC rate that began early today.

Sorry I can't be more specific. I don't know things like percentage of 60-day GTCs sold vs 30-day GTCs sold or how much bonus ISK was given out for bulk purchases (4+ 60-day GTC).

The Nosy Gamer - CCP Random: "hehe, falls under the category: nice try, but no. ;)"

Rroff
Antagonistic Tendencies
#648 - 2013-11-01 17:33:39 UTC  |  Edited by: Rroff
Baali Tekitsu wrote:

I think there might be one or even two persons in EvE you dont know.


Trends... even if I've got it a bit wrong its been a trend for people I do know (and I do know a fair number in eve) to move away from playing using ingame wallet and I was assuming it was similiar as a bigger story possibly incorrectly.
Annie Getyourgun
The Graduates
The Initiative.
#649 - 2013-11-01 17:35:29 UTC
Rroff wrote:
Seems to be a little bit of a misconception as to what the GTC referral bonus credit actually is in this thread. Only a small percentage of players will see anything close to or exceeding 1bn ISK to actually put back ingame - Somer still has to buy that ISK (some will be covered out of players putting ingame ISK into Somer and losing rather than getting credit from GTC purchases) at PLEX prices to cover payouts.


I disagree. I think the majority of the folks in this thread know exactly what the referral bonus is: incentive that provides an unfair competitive advantage for those that offer it. Why would anyone use Eve University's referral link (for example, as it was another recent Community Spotlight corporation) when they can receive compensation for using a for profit corporation's referral link (like Somer's)?

The difference is in one example, your GTC purchase is helping to defray cost of operation. You don't gain anything from the GTC purchase (at a higher price than using the subscription model) aside from the GTC itself. In the other example, it is profiteering, plain and simple. You are using questionable tactics (providing incentive to purchase from you instead of any other corporation with a GTC referral link) for personal gain. It goes above and beyond 'defraying costs' into actively attempting to profit as a direct result of the incentive, and this last minute 'blowout' only reinforces this profiteering mindset especially compared to the unspoken multitude of entities that chose to stop delivering incentives immediately upon receipt of a cease and desist notice from their authorized GTC resellers.
Baali Tekitsu
AQUILA INC
Verge of Collapse
#650 - 2013-11-01 17:35:32 UTC
Rroff wrote:
Baali Tekitsu wrote:

I think there might be one or even two persons in EvE you dont know.


Trends...


They have been stockpiling ISK through the years in enormous amounts. And they certainly wouldnt be doing something like that if it wouldnt give them any profit.

RATE LIKE SUBSCRIBE

Rroff
Antagonistic Tendencies
#651 - 2013-11-01 17:44:00 UTC
Annie Getyourgun wrote:
Rroff wrote:
Seems to be a little bit of a misconception as to what the GTC referral bonus credit actually is in this thread. Only a small percentage of players will see anything close to or exceeding 1bn ISK to actually put back ingame - Somer still has to buy that ISK (some will be covered out of players putting ingame ISK into Somer and losing rather than getting credit from GTC purchases) at PLEX prices to cover payouts.


I disagree. I think the majority of the folks in this thread know exactly what the referral bonus is: incentive that provides an unfair competitive advantage for those that offer it. Why would anyone use Eve University's referral link (for example, as it was another recent Community Spotlight corporation) when they can receive compensation for using a for profit corporation's referral link (like Somer's)?

The difference is in one example, your GTC purchase is helping to defray cost of operation. You don't gain anything from the GTC purchase (at a higher price than using the subscription model) aside from the GTC itself. In the other example, it is profiteering, plain and simple. You are using questionable tactics (providing incentive to purchase from you instead of any other corporation with a GTC referral link) for personal gain. It goes above and beyond 'defraying costs' into actively attempting to profit as a direct result of the incentive, and this last minute 'blowout' only reinforces this profiteering mindset especially compared to the unspoken multitude of entities that chose to stop delivering incentives immediately upon receipt of a cease and desist notice from their authorized GTC resellers.


My post was in response to a number of people posting in a manner that suggested they thought the referral bonus was being translated directly 1:1 into ISK - I may have got some of the rest wrong.
Cipher Jones
The Thomas Edwards Taco Tuesday All Stars
#652 - 2013-11-01 18:01:18 UTC
I wish the government was as blind and lenient towards money laundering as CCP and a large portion of the community.

Then I could buy all the game time codes I wanted, for every game, ever.

That's the only fact you need to take from this thread.

internet spaceships

are serious business sir.

and don't forget it

Kirren D'marr
Caldari Provisions
Caldari State
#653 - 2013-11-01 18:15:41 UTC
Rroff wrote:
Baali Tekitsu wrote:

I think there might be one or even two persons in EvE you dont know.


Trends... even if I've got it a bit wrong its been a trend for people I do know (and I do know a fair number in eve) to move away from playing using ingame wallet and I was assuming it was similiar as a bigger story possibly incorrectly.


I don't know who first coined the phrase, but it bears repeating:

The plural of "anecdote" is not data!

Observing the actions of just the people you know does not constitute a "trend."

Why a switch on/off? Because the new animation doesn't add anything to gameplay and it's graphically annoying. In other words, it's worse than bad: it's useless. Simple as that.     _ - Kina Ayami_

Rroff
Antagonistic Tendencies
#654 - 2013-11-01 18:23:48 UTC
Kirren D'marr wrote:
Rroff wrote:
Baali Tekitsu wrote:

I think there might be one or even two persons in EvE you dont know.


Trends... even if I've got it a bit wrong its been a trend for people I do know (and I do know a fair number in eve) to move away from playing using ingame wallet and I was assuming it was similiar as a bigger story possibly incorrectly.


I don't know who first coined the phrase, but it bears repeating:

The plural of "anecdote" is not data!

Observing the actions of just the people you know does not constitute a "trend."


If your gonna be picky it does (at the local level) constitute a trend even if its potentially inacurrate to use it to judge the bigger picture.
ISD Tyrozan
ISD Community Communications Liaisons
ISD Alliance
#655 - 2013-11-01 18:55:17 UTC
A personal attack post has been removed.

Forum rule 4. Personal attacks are prohibited.

ISD Tyrozan

Captain

Community Communication Liaisons (CCLs)

Interstellar Services Department

@ISDTyrozan | @ISD_CCL

Diva Ex Machina
Caldari Provisions
Caldari State
#656 - 2013-11-01 19:41:15 UTC
Wtf CCP?

So Somer Blink gets:
A community spotlight
30 Ishkone Scorpions on the sly
Billions more in rare ships and trips to Iceland to lottery, which earns them probably trillions of ISK and $US.
A developer endorsement for demonstrating 'a solid history of trust and reliability' and being 'straight and true in their dealings' on this forum.

And now we learn that they have CCP devs on call via skype while the rest of us saps need to use the ridiculously slow and unhelpful petition system.

And instead of cracking down on them and immediately stopping them from engaging in their EULA-violating activities, you give them a week's notice to cash out their ISK.


I'm gobsmacked at how you spit in the face of your customers. **** this. This is just stupid now. Sad
Mr Epeen
It's All About Me
#657 - 2013-11-01 20:32:06 UTC
Diva Ex Machina wrote:
Wtf CCP?

So Somer Blink gets:
A community spotlight
30 Ishkone Scorpions on the sly
Billions more in rare ships and trips to Iceland to lottery, which earns them probably trillions of ISK and $US.
A developer endorsement for demonstrating 'a solid history of trust and reliability' and being 'straight and true in their dealings' on this forum.

And now we learn that they have CCP devs on call via skype while the rest of us saps need to use the ridiculously slow and unhelpful petition system.

And instead of cracking down on them and immediately stopping them from engaging in their EULA-violating activities, you give them a week's notice to cash out their ISK.


I'm gobsmacked at how you spit in the face of your customers. **** this. This is just stupid now. Sad


Somer wouldn't be where they are if it wasn't for greedy players hoping to cash in while doing no work.

It's you people that are to blame. Not Somer for taking advantage of you and not CCP for allowing stupidity to be a acceptable game play style.

Sometimes greed isn't so good, is it?

Mr Epeen Cool
Argus Sorn
Star Frontiers
Brotherhood of Spacers
#658 - 2013-11-01 20:47:51 UTC  |  Edited by: Argus Sorn
Rroff wrote:
Seems to be a little bit of a misconception as to what the GTC referral bonus credit actually is in this thread. Only a small percentage of players will see anything close to or exceeding 1bn ISK to actually put back ingame - Somer still has to buy that ISK (some will be covered out of players putting ingame ISK into Somer and losing rather than getting credit from GTC purchases) at PLEX prices to cover payouts.


It amazes me that people still don't get this.

It doesn't matter if you get anything for your money - what matters is that SOMER gives away ISK and gets money for it.

I, and others, have written extensively on this - we can only bring you to the fountain, we can't make you drink. We offer you the red pill. You have to decide to take it.

SOMER converts isk into cash. It does not matter who wins the lottery - SOMER takes no risk in this venture and they are the RMT'er, not the bidders.

If you look close at what SOMER really does is sell, to a group of buyers, an item. The buyers then randomly decide among themselves (with SOMER's help) who gets to keep that item. SOMER gets paid what they wanted for the item no matter who wins it, and any of the isk that was paid toward the prize that was originally in the form of "bonus isk" is basically converted into cash.

If you cash out then (depending on the auction) you just paid SOMER a 20% surcharge to decide who among the bidders gets to keep the isk. You could have gotten together in a chat and done that for free with a random number generator (especially since SOMER, at least, originally used a 3rd party random number generator anyway). If all of the isk bid was from bonus isks (which with the amount being given out it will be) then they have converted that isk into cash.

As for the billion. CCP is a dupe to let it continue. SOMER is basically undercutting CCP on plex sales for the next 7 days - thumbing their noses at CCP and making cash for it. There is no guarantee there will be more TOTAL GTC sales because of this, just more GTC sales through SOMER in the next seven days. And every 1 bil they give out is 2 plex that no one has to buy down the road to keep their gambling habit fueled. Every GTC sale is 34.99 taken from CCP, not the opposite. They are injecting cash into the market - and it'd be interesting to see what the affect is. CCP needs to shut them down - but I am not sure they really see the threat posed. Clearly their economist has to, or if I am wrong, I'd like to hear from him why.

I facepalm at the folks who talk about it being "bonus credits" and not "real isk" or about how you might not win the item so it isn't RMT. You are not seeing this with clarity. RMT is not about buying isk - CCP doesn't care if you buy isk or they wouldn't sell you PLEX. The evil of RMT is the profiteering off of the game, the conversion of game currency into real cash for 3rd parties and SOMER just ramped it up full tilt and should be shut down for it.
Eram Fidard
Doomheim
#659 - 2013-11-01 20:52:22 UTC  |  Edited by: Eram Fidard
Mr Epeen wrote:

Somer wouldn't be where they are if it wasn't for CCP hoping to cash in while doing no work.


Mr Epeen Cool


FYP

edit: hopefully not the case...

Poster is not to be held responsible for damages to keyboards and/or noses caused by hot beverages.

Baggo Hammers
#660 - 2013-11-01 20:54:52 UTC
So let me get this straight. You all but accuse CCP of running a criminal enterprise yet you give them money?

If you don't know where you're going, any road will take you there.