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New Dev Blog: What is going on with mineral prices?

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CCP Spitfire
C C P
C C P Alliance
#1 - 2012-04-21 14:12:28 UTC  |  Edited by: CCP Navigator
CCP Dr.EyjoG talks about the influence of the Crucible expansion and the upcoming Escalation changes on the EVE Online economy and mineral prices. Check out the dev blog here.

CCP Spitfire | Marketing & Sales Team @ccp_spitfire
Mashie Saldana
V0LTA
WE FORM V0LTA
#2 - 2012-04-21 14:16:54 UTC
Derth Ramir
Fight The Blob
#3 - 2012-04-21 14:28:12 UTC
4-2 !!!

Fight The Blob.
Vaerah Vahrokha
Vahrokh Consulting
#4 - 2012-04-21 14:30:48 UTC
Perfect double bottom on the ships chart, now all go buy my minerals, I am only up 40% profit now!

EvE Online portal | EvE markets tutorials
Riley Moore
Sentinum Research
#5 - 2012-04-21 14:31:18 UTC
First to confirm being mega rich thanks to mineral speculation. *edit* damn u VV

Hands up if you jumped on this early on when minerals(highs) were less than half of what they are now

o/

Large volumes of highly researched Ammo, drones, charges and ship bpo's. Biggest BPO store in EVE! https://forums.eveonline.com/default.aspx?g=posts&m=445524#post445524
Morpheus Mishima
Caldari Provisions
Caldari State
#6 - 2012-04-21 14:33:10 UTC
FIX HUGE IMAGES PLEASE!
eidenjunior
Perkone
Caldari State
#7 - 2012-04-21 14:42:27 UTC  |  Edited by: eidenjunior
so it is not all the mining bots that no long works?(do to changes in the launcher that caused the higher prices.
Bloodpetal
Tir Capital Management Group
#8 - 2012-04-21 14:45:41 UTC

Ya, you didn't touch on the mining bot factor.

How much has that played in?


Interesting stuff. Minerals aren't really my specialty though. :)

Where I am.
Kyr Evotorin
KarmaFleet
Goonswarm Federation
#9 - 2012-04-21 14:49:47 UTC
Could someone do me the pleasure of quoting the devblog here? Corporate countermeasures to keep me from viewing what needs to be viewed involve using 11 year old Internet Explorer. Can't view community pages.
eidenjunior
Perkone
Caldari State
#10 - 2012-04-21 14:58:11 UTC  |  Edited by: eidenjunior
Quote:
Afternoon all profit seeking pod pilots,

We have noticed in the past few weeks increased discussion on our forums with regards to what is going on in the EVE economy these days. The fact is that a whole lot is going on – and it is about to become a even more interesting when the changes described in this DevBlog earlier in April will take place.

Crucible turned out to be a really successful expansion from the standpoint of the EVE economy. Figure 1 shows the monthly Gross User Product (GUP) in EVE from October 2010 until March 2012.

http://content.eveonline.com/community/devblog/2012/Escalationf1.png

Figure 1: This figure shows the total value created by players in EVE Online (Gross User Product - GUP). Total GUP, in nominal terms, is shown on the left axis and GUP per capita is shown on the right axis. The GUP takes a jump with the launch of Crucible at the end of November 2011.

Per capita GUP jumped by 28% between November and December 2011 and has just continued to increase since then. This is attributed to increased production (Tier 3 battlecruiser anyone?) but also simply from increased activity in general due to both older players returning to the game and new players joining the pack. Now as any economist knows, good times and good partying always comes at a cost ;-) and in this case it is increased inflation in EVE due to increased aggregate demand. Of course there is also the issue of balancing ISK sinks and faucets which you can learn more about here, so we will not dwell on that part in this short devblog.

The impact of Crucible and the announced changes that are upcoming in Escalation has been somewhat different than we have seen in the past. In 2010 and 2011 inflation has been driven by price changes in more advanced items in-game, such as Tech 3 ships, Tech 2 items and moon material. With Crucible things turned around and we saw the largest price increases in basic minerals and Tech 1 items.

It started with changes in Mexallon due to increased demand for the production of the new Tier 3 battlecruisers. Figure 2 shows clearly the jump in Mexallon between November and December in 2011.

http://content.eveonline.com/community/devblog/2012/Escalationf2.png

Figure 2: Price index for all base minerals in EVE. March 2011 set at 100. Mexallon starts to increase in December due to the new Tier 3 battlecruisers which need mexallon in large quantities. Tritanium starts to increase between December and January due to increased overall demand in the EVE economy and all minerals show an increase in price in March due to speculations on the upcoming changes in Escalation.

Another interesting change at that time is the increase in price of Tritanium, which has since continued. This is attributed both to increased demand for production of Tech 1 items and due to speculations with hoarding ongoing in some areas of the universe. Speculations seems to become the primary factor in March when we see a jump in Zydrine and Morphite prices. It seems like the announced changes to the Drone regions as well as the removal of Tech 1 loot is doing exactly what we expected, creating some market uncertainities which will be interesting to see how the free market in EVE will adjust to. Some might call it a market mayhem – a true Escalation to the Inferno!

http://content.eveonline.com/community/devblog/2012/Escalationf3.png

Figure 3: Monthly price changes in Tech 1 ships from January 2010 to March 2012. Current price increases are similar to the Incursion price increase in early 2011. The upcoming changes in Escalation will impact the mineral market significantly and those price changes will impact the price of Tech 1 ships since they are directly correlated.

Figure 3 shows the changes in prices for Tech 1 ships. As the figure clearly shows then price started to increase quite significantly at the end of 2011 and have simply continuned to increase since then. The price increase is simililar to price increases we saw around the Incursion expansion

These changes are sharp but they are well understood and basically as expected due to the changes that are happening in EVE. We do not know the future, but we do know that there are some interesting times ahead for anyone willing to risk it and try to outsmart the market.

Good (market) hunting!

Dr. EyjoG
Chribba
Otherworld Enterprises
Otherworld Empire
#11 - 2012-04-21 15:22:07 UTC  |  Edited by: Chribba
Interesting!

Certainly going to be interested to see if my mineral stacks becomes a hit or miss Shocked

/c

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Visit my in-game channel 'Holy Veldspar'

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TheButcherPete
KarmaFleet
Goonswarm Federation
#12 - 2012-04-21 15:25:40 UTC  |  Edited by: TheButcherPete
Maybe mineral prices wouldn't be so bad if you weren't planning to turn the market into a clusterfuck.

[b]THE KING OF EVE RADIO

If EVE is real, does that mean all of us are RMTrs?[/b]
Charles Sandford
Mosquito Alley
#13 - 2012-04-21 15:27:27 UTC
Morpheus Mishima wrote:
FIX HUGE IMAGES PLEASE!

Yes, the images are huge.
Falin Whalen
Federal Navy Academy
Gallente Federation
#14 - 2012-04-21 15:28:43 UTC
When you have Goons calling for mining ops, and not getting laughed at for being ironic or funny, I would say ineresting indeed.

"it's only because of their stupidity that they're able to be so sure of themselves." The Trial - Franz Kafka 
Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#15 - 2012-04-21 15:31:12 UTC
Nice Smile

CEO of Lanate Industries

Citizen of Solitude
whaynethepain
#16 - 2012-04-21 15:46:52 UTC
CCP, not sure what you did, but I like it.

If we consider Hulkageddon is almost upon us, perhaps the mining and ratting bots in Empire could be studied for a little more time, while the players divert their frustrations away from the Jita Monument for the duration, and learn to recognise a typical Bot also, for reporting purposes.

This could help stop good people who, by accidence, real miners and haulers.

If the mineral trend continues, I will be using my morphite mining skills for real this time, maybe take them cargo rigs of my Rorqual, even buy that Hulk I trained for, build my own Carrier...

Getting you on your feet.

So you've further to fall.
Jesslyn Daggererux
Brojob
#17 - 2012-04-21 15:49:26 UTC
"we herped and derped the market and it's about to suck. Interesting isn't it?"
In the same way I would call a special person with three arms. It's odd, but probably going to end in failure. 10% VG nerf is too small. It's an easy faucet. I do them, because for the time invested it's derp derp easy for good money.
BigCountry
Sniggerdly
Pandemic Legion
#18 - 2012-04-21 16:12:57 UTC
I like how you also didnt mention the fact that there has been a civil war in the Drone Regions for the past 4 months .... Im sorry but yet again the devs take credit for stuff they accidently happened on .. Yes almost 99% of the mineral prices for low ends is a result of the civil war, which is a good indicator of what is going to happen when alloys are removed from the drone regions except it will be worse after patch. The civil war is also a reason behind the rise in high end min prices.. becuase basically you have several regions where the players living there are not able to get out and mine the hidden sov belts...which is the only thing that has truly hurt the high end market.. As more people start to repopulate the drone regions now that the civil war is over.. high end prices are gonna start dropping .... And after the patch as people accustomed to living a certain lifestyle in EVE start needing to jump trit out to 0.0 , you are gonna see huge demands for trit without a adequate supply.. therefore trit is going to continue to rise..... Lets see if CCP is patting themselves on the back in 2 months when trit is 12+ ISK a unit and battleships are running 400mil+
Diametrix
Absolute Order
Absolute Honor
#19 - 2012-04-21 16:34:41 UTC
BigCountry wrote:
I like how you also didnt mention the fact that there has been a civil war in the Drone Regions for the past 4 months .... Im sorry but yet again the devs take credit for stuff they accidently happened on .. Yes almost 99% of the mineral prices for low ends is a result of the civil war, which is a good indicator of what is going to happen when alloys are removed from the drone regions except it will be worse after patch. The civil war is also a reason behind the rise in high end min prices.. becuase basically you have several regions where the players living there are not able to get out and mine the hidden sov belts...which is the only thing that has truly hurt the high end market.. As more people start to repopulate the drone regions now that the civil war is over.. high end prices are gonna start dropping .... And after the patch as people accustomed to living a certain lifestyle in EVE start needing to jump trit out to 0.0 , you are gonna see huge demands for trit without a adequate supply.. therefore trit is going to continue to rise..... Lets see if CCP is patting themselves on the back in 2 months when trit is 12+ ISK a unit and battleships are running 400mil+




Hate to break this to you, but you're not as important as you seem to think you are.
Orion Sebestes
Terran Industries
#20 - 2012-04-21 16:47:03 UTC
Please don't use 3 super high-rez images in one post... it makes scrolling painful
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