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Science & Industry

 
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Invention and Industry in General

Author
Raylan Scott
Sebiestor Tribe
Minmatar Republic
#1 - 2014-02-04 15:24:33 UTC
I'm kind of taking a learn as you go approach to Industry. I've read a little bit from various sources on the internets, then I go try something.

Invention has been a weird one. I've found that producing T2 items is tough unless you have a good source of moon mats. So I looked into the decryptors. I thought the Esoteric Process sounded like something useful to cut down on material costs.

So I bought some as well as ran some copies with the max number of runs. From what I have put together from 100 or so different sources it appears that using a copy with the max number of runs can affect the number of runs the T2 BPC has (although that is probably incorrect).

Anyway, so far I've run 5 consecutive failed inventions. I've never had that many in a row.

Is T2 just not possible unless you are in a null sec alliance with multiple POS generating moon mats? The prices on the market seem far too low to account for the costs of various inputs.

T1 is out, unless you want to mine all day.

PI seems like the only profitable thing. I've heard of people making ISK hand over fist running industry solo. Perhaps I haven't found my niche yet, but I'm not seeing it.
Corraidhin Farsaidh
Federal Navy Academy
Gallente Federation
#2 - 2014-02-04 15:48:57 UTC
Try buy orders to get the moon materials more cheaply, but you should make profit even with having to buy materials from scratch. Use buy orders for the raw ore too and refine it down (assuming you have refining skills) to cut costs
Shocknawe
Fusion Enterprises Ltd
Pandemic Horde
#3 - 2014-02-04 16:08:09 UTC
If you can't make a decent profit buying from Jita sell orders for moon mats & minerals find better items to sell. Buy orders can and should be used to enhance profits, but if the margin is so tight that you have to use them, I personally find other stuff to make.

In general don't use decryptors for modules. There are a few exceptions.

Get the Isk Per Hour program.
Ginger Barbarella
#4 - 2014-02-04 16:21:03 UTC
As with anything in EveO, skills matter. With invention, you need to be sure you have at least L4 in all of the related skills necessary for invention. When possible, use a high-meta base item to increase your chance of success. And don't use decryptors on anything other than ships. It's a waste. BPCs should be max run for modules, single runs for ships.

With production, you need to minimize your waste at all costs. This means (for example) Refinery Efficiency 5 for reproc (in my case) L4 mission loot into minerals use in the build process. Also means Production Efficiency to L5. I have a zero-waste also that I use to reproc all of my L4 mission junk to minimize mineral loss there.

If you're not at Prod Eff 5, you're losing money. If you're not at at least L4 on all invention required skills, you're losing money. I buy from sell orders in all four empires, wherever I get the lowest price, and I build all my own components (like Thermo Triggers, for example). Gotta reduce costs wherever possible.

All of this is documented in detail. If you are interested in proceeding, you need to take the time to learn how to do it right, what to build, and where to sell them. Selling at Jita (for example) if you haven't absolutely maximized your production chain is just a waste: don't even continue. I NEVER sell at Jita; been in the Industry game for years, and survived quite nicely in all this time. PI was god for a while, but I've since stopped because of all the POCO changes: just not worth the hassle in high. I still have some select items being produced at low-cost low sec system, but that's only for a couple items with very nice markups on them.

"Blow it all on Quafe and strippers." --- Sorlac

Batelle
Federal Navy Academy
#5 - 2014-02-04 17:17:55 UTC
Raylan Scott wrote:

Invention has been a weird one. I've found that producing T2 items is tough unless you have a good source of moon mats. So I looked into the decryptors. I thought the Esoteric Process sounded like something useful to cut down on material costs.


People that produce moon mats sell them in empire. Jita is a good source of moon mats.

Quote:
Anyway, so far I've run 5 consecutive failed inventions. I've never had that many in a row.

Not a big deal.

Quote:

Is T2 just not possible unless you are in a null sec alliance with multiple POS generating moon mats? The prices on the market seem far too low to account for the costs of various inputs.


The vast majority of t2 production happens in hisec, with moon materials purchased from the market.

Quote:
T1 is out, unless you want to mine all day.


Disabuse yourself of this notion ASAP. Anyone that does t1 production seriously & profitably uses far too many minerals than he or she could possibly mine. Even someone multiboxing a huge mining fleet will need to purchase some minerals from the market.

"**CCP is changing policy, and has asked that we discontinue the bonus credit program after November 7th. So until then, enjoy a super-bonus of 1B Blink Credit for each 60-day GTC you buy!"**

Never forget.

Gizznitt Malikite
Agony Unleashed
Agony Empire
#6 - 2014-02-04 18:12:20 UTC
Raylan Scott wrote:
I'm kind of taking a learn as you go approach to Industry. I've read a little bit from various sources on the internets, then I go try something.

Invention has been a weird one. I've found that producing T2 items is tough unless you have a good source of moon mats. So I looked into the decryptors. I thought the Esoteric Process sounded like something useful to cut down on material costs.

So I bought some as well as ran some copies with the max number of runs. From what I have put together from 100 or so different sources it appears that using a copy with the max number of runs can affect the number of runs the T2 BPC has (although that is probably incorrect).

Anyway, so far I've run 5 consecutive failed inventions. I've never had that many in a row.

Is T2 just not possible unless you are in a null sec alliance with multiple POS generating moon mats? The prices on the market seem far too low to account for the costs of various inputs.

T1 is out, unless you want to mine all day.

PI seems like the only profitable thing. I've heard of people making ISK hand over fist running industry solo. Perhaps I haven't found my niche yet, but I'm not seeing it.


The key to finding profitable items to invent is their movement rate. As a rule of thumb, low volume goods are harder to invent profitably. This category includes ships that don't die very often and modules that see limited use.
Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#7 - 2014-02-04 19:16:04 UTC
https://www.fuzzwork.co.uk/2013/05/23/manufacturing-201-tech-2/

Proper industry involved buying /everything/ off the market (except /maybe/ Components, manufactured from things bought from the market. even then, be careful about the prices and profits involved.)

As for failures in invention:
I've had 28 failures in a row. That's running 3 characters, with 28 slots running invention between them. Maybe I've had more, but I don't record it. It all averages out, over time. I've had 25 successes in a row. The numbers are two small to run any correlation from.

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter

Elena Thiesant
The Scope
Gallente Federation
#8 - 2014-02-04 19:16:23 UTC
Raylan Scott wrote:
Invention has been a weird one. I've found that producing T2 items is tough unless you have a good source of moon mats.


Jita is my preferred source of moon mats.

Quote:
So I looked into the decryptors. I thought the Esoteric Process sounded like something useful to cut down on material costs.


Not worth it in many cases, the decryptor is expensive and for modules the mats that use moon goo are extra materials, not affected by waste, so not reduced by decryptors

Quote:
Anyway, so far I've run 5 consecutive failed inventions. I've never had that many in a row.


I think my record is 20. It happens

Quote:
T1 is out, unless you want to mine all day.


Or there's this thing called the market which has large quantities of minerals. I can use in a day more minerals than I could mine in a week
Tau Cabalander
Retirement Retreat
Working Stiffs
#9 - 2014-02-04 20:34:43 UTC  |  Edited by: Tau Cabalander
Raylan Scott wrote:
So I bought some as well as ran some copies with the max number of runs. From what I have put together from 100 or so different sources it appears that using a copy with the max number of runs can affect the number of runs the T2 BPC has (although that is probably incorrect).

https://wiki.eveonline.com/en/wiki/Invention#Invention_BPC_Runs

Raylan Scott wrote:
Anyway, so far I've run 5 consecutive failed inventions. I've never had that many in a row.

http://games.chruker.dk/eve_online/invention_chance.php

I've failed on many (>50 I think) jump freighter inventions in a row. Each attempt costs roughly 300m.

Random is random.

You have to account for the cost of failures in your sale price.

Raylan Scott wrote:
Is T2 just not possible unless you are in a null sec alliance with multiple POS generating moon mats? The prices on the market seem far too low to account for the costs of various inputs.

I buy all my materials in Jita. I have earned so many billions that I've lost count. T2 is profitable, but not all T2 are profitable. The items profitable today may change tomorrow.

Market research and trade are a large part of manufacturing.

https://forums.eveonline.com/default.aspx?g=posts&m=4065628#post4065628
Silvetica Dian
Imperial Shipment
Amarr Empire
#10 - 2014-02-05 04:16:33 UTC
i buy all my moon mats etc from market and make most of my isk from manufacturing.
I also run null combat sigs for pin money.
It isn't eve it is you.
run the numbers. buy the mats. build the stuff. sell the stuff.
as with all the posts of this nature you missed step one and are now confused as to why your project failed.

Money at its root is a form of rationing. When the richest 85 people have as much wealth as the poorest 3.5 billion (50% of humanity) it is clear where the source of poverty is. http://www.theguardian.com/commentisfree/2014/jan/20/trickle-down-economics-broken-promise-richest-85

Corraidhin Farsaidh
Federal Navy Academy
Gallente Federation
#11 - 2014-02-05 10:25:29 UTC
Am I missing something here? By Decryptors do people mean the Data Interfaces? Incognito and the like? They get returned to you after the run so no cost at all after the initial acquisition. These come from relic and data sites too so if you don't want to pay for them do a little exploration o the side...

Question: Is it worth putting up buy orders on the high meta items for BPC you are planning to invent to tech II?
Masira Cadelanne
The Scope
Gallente Federation
#12 - 2014-02-05 14:19:39 UTC
Corraidhin Farsaidh wrote:
Am I missing something here? By Decryptors do people mean the Data Interfaces?

No. Decryptors are one-time use and alter the attributes of the resulting BPC (amount of runs, ME & PE levels) und the success chance of invention.
They can be acquired via Exploration.
See also here : Invention Wiki., though the names of the decryptors seem to have changed.
Elena Thiesant
The Scope
Gallente Federation
#13 - 2014-02-05 18:34:42 UTC
Corraidhin Farsaidh wrote:
Am I missing something here? By Decryptors do people mean the Data Interfaces?


No. By 'decryptors' people mean decryptors. Single use items that change some aspect of the invention process, better ME, more runs, better chance, etc. Incognito Process, Esoteric Parity, Cryptic Accelerant, etc.
Robert Caldera
Caldera Trading and Investment
#14 - 2014-02-05 18:53:03 UTC  |  Edited by: Robert Caldera
Batelle wrote:

Quote:
T1 is out, unless you want to mine all day.


Disabuse yourself of this notion ASAP. Anyone that does t1 production seriously & profitably uses far too many minerals than he or she could possibly mine. Even someone multiboxing a huge mining fleet will need to purchase some minerals from the market.


I wonder why this rtarded attitude still persists over 10 years that you should mine your minerals by yourself.
It completely doesnt matter how you get to your minerals, mined or purchased in jita, their value will be still the same.

Same for moon mins - whether you buy them in jita or you mine them yourself, they are just a cost position to be
accounted at market (Jita) price for whatever you do with it.

In case you really mine yourself, its ADDITIONAL GAIN from mining and shouldnt be taken into calculation
of manufactoring profits.
Gizznitt Malikite
Agony Unleashed
Agony Empire
#15 - 2014-02-05 21:17:04 UTC
Robert Caldera wrote:
Batelle wrote:

Quote:
T1 is out, unless you want to mine all day.


Disabuse yourself of this notion ASAP. Anyone that does t1 production seriously & profitably uses far too many minerals than he or she could possibly mine. Even someone multiboxing a huge mining fleet will need to purchase some minerals from the market.


I wonder why this rtarded attitude still persists over 10 years that you should mine your minerals by yourself.
It completely doesnt matter how you get to your minerals, mined or purchased in jita, their value will be still the same.

Same for moon mins - whether you buy them in jita or you mine them yourself, they are just a cost position to be
accounted at market (Jita) price for whatever you do with it.

In case you really mine yourself, its ADDITIONAL GAIN from mining and shouldnt be taken into calculation
of manufactoring profits.


But... but... the minerals I mine myself are free.... Big smile

/thread
Maria Navarre
Doomheim
#16 - 2014-02-06 19:09:24 UTC
Ginger Barbarella wrote:
And don't use decryptors on anything other than ships. It's a waste.


I disagree with this. There are some items which at ME -6 have the same waste as at 0 ME so a 'Cryptic Augmentation' for example will lead to a 19 run, 'same waste' BPC as no decryptor and really enhance profits. These t2 items tend to be built using 1-4 of each component.
Gizznitt Malikite
Agony Unleashed
Agony Empire
#17 - 2014-02-06 22:45:23 UTC
Maria Navarre wrote:
Ginger Barbarella wrote:
And don't use decryptors on anything other than ships. It's a waste.


I disagree with this. There are some items which at ME -6 have the same waste as at 0 ME so a 'Cryptic Augmentation' for example will lead to a 19 run, 'same waste' BPC as no decryptor and really enhance profits. These t2 items tend to be built using 1-4 of each component.


There are several non-ship items which benefit from decryptors, increasing your isk/hr and/or your isk/item. You have to do the math to figure out the optimal decryptors to utilizes.

In general, ships usually NEED decryptors in order to be invented profitably. Well, that or a good source of construction materials!
Gilbaron
The Scope
Gallente Federation
#18 - 2014-02-09 01:24:38 UTC
if you have a so called

Quote:
good source of construction materials!
(and the only good source is an idiot who sells to you under market price)

you are much better off just producing the already most profitable item instead of something that is only profitable when calculated with your special price in mind.

the above is true for anyone producing for an anonymous mass market without any special interests in mind, that's probably 99% of all T1 and T2 manufacturing.