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OMG! The cost of everything!

Author
Boruc Zebolt
Sebiestor Tribe
Minmatar Republic
#1 - 2012-05-08 07:13:31 UTC
Hey All,

I been away from the game for around 8 months and haved just returned to be gob smacked by the prices of everything! Hulks costing 350MIL! Drake costing 60Mil! What the **** happened?

I been trying to catch up with everything thats been going on but there has been alot in the past 2 months let alone the past year. Can anyone tell me why the prices are so high?

I would guess it has to do with Burn Jita then Hulkageddon following it???

Cheers!
Chevalleis
The Scope
Gallente Federation
#2 - 2012-05-08 07:16:12 UTC
Inflation bruh. (maybe)
Shingyoku
Griffin Support Services
Ad-Astra
#3 - 2012-05-08 07:16:49 UTC
It's all the mineral related nerfs.
Aina Sasaki
Garoun Investment Bank
Gallente Federation
#4 - 2012-05-08 07:18:10 UTC
It's the mineral speculation/changes. The prices were going through the roof well before Burn Jita and Hulkageddon.

- Rei

Boruc Zebolt
Sebiestor Tribe
Minmatar Republic
#5 - 2012-05-08 07:20:27 UTC  |  Edited by: Boruc Zebolt
ouch,

Running level 4's dont seem worthwhile anymore as u need to double the amount to get the stuff you need!

Got any idea where i could find a good read on this ore nerfs?

thanks for info.
Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#6 - 2012-05-08 07:37:12 UTC
Chevalleis wrote:
Inflation bruh. (maybe)


ShockedStraight

Mineral prisec jumped beacause the drone regions and loot nerf and speculations.


CEO of Lanate Industries

Citizen of Solitude

Celeste Benal
University of Caille
Gallente Federation
#7 - 2012-05-08 07:54:34 UTC

  1. Drone poo has been replaced with bounties. Thus a major source of minerals (especially Nocxium and Zydrine) has been wiped away. Less supply.
  2. CCP Screegs is raining all sorts of unholy hellfire upon botters and RMTers everywhere, thus reducing the amount of bots in game. Less supply.
  3. Meta 0 drops have been replaced with scrap metal, which refines into Tritanium. More trit, less of everything else.
  4. Burn Jita had little to no effect on market prices beyond ganker ships and modules such as Tornados and large turrets.
  5. Hulkageddon has just started and will run until the end of May. This should further depress mineral supplies, though not to a significant extent.
  6. Continuing his crusade to get back at all of eve for his 30 day ban and loss of CSM chairmanship, The Mittani has declared OTEC (Organization of Technetium Exporting Corporations). Tech is now selling at over 200k/pu. As such, costs are being passed on to consumers.

*Deep breath*

I think that about covers it.
papamike
Aliastra
Gallente Federation
#8 - 2012-05-08 08:01:08 UTC
Celeste Benal wrote:
[list=1]

  • Meta 0 drops have been replaced with scrap metal, which refines into Tritanium. More trit, less of everything else.



  • You got that bit wrong. While its true that Meta 0 drops have been replaced with scrap, it dies not mean that there is more trit in the system. Scrap refines for pitiful amounts of trit compared to even the smallest/ crappiest mods.

    therefor Meta drops removed= less of ALL minerals including and most importantly, trit
    Steve Ronuken
    Fuzzwork Enterprises
    Vote Steve Ronuken for CSM
    #9 - 2012-05-08 10:26:29 UTC
    In other news, except for Hulkageddon, it's a great time to be a miner Blink

    Woo! CSM XI!

    Fuzzwork Enterprises

    Twitter: @fuzzysteve on Twitter

    Krixtal Icefluxor
    INLAND EMPIRE Galactic
    #10 - 2012-05-08 11:40:03 UTC
    The price of EVERYTHING in Rens is dropping thanks to all thie Idiot Market Bots that CCP can never seem to get thier hands around and toss out.

    "He has mounted his hind-legs, and blown crass vapidities through the bowel of his neck."  - Ambrose Bierce on Oscar Wilde's Lecture in San Francisco 1882

    Srioghal moDhream
    Perkone
    Caldari State
    #11 - 2012-05-08 12:49:04 UTC
    Krixtal Icefluxor wrote:
    The price of EVERYTHING in Rens is dropping thanks to all thie Idiot Market Bots that CCP can never seem to get thier hands around and toss out.


    Probably not bots, just idiots.
    Krixtal Icefluxor
    INLAND EMPIRE Galactic
    #12 - 2012-05-08 12:52:23 UTC
    Srioghal moDhream wrote:
    Krixtal Icefluxor wrote:
    The price of EVERYTHING in Rens is dropping thanks to all thie Idiot Market Bots that CCP can never seem to get thier hands around and toss out.


    Probably not bots, just idiots.


    Bots. Report + Petition = I can't talk about it.

    "He has mounted his hind-legs, and blown crass vapidities through the bowel of his neck."  - Ambrose Bierce on Oscar Wilde's Lecture in San Francisco 1882

    OllieNorth
    Recidivists Incorporated
    #13 - 2012-05-08 13:26:08 UTC
    I would just like to point out that prices aren't high right now, they're just back to normal. Hulks were around 350mil each for quite a long time, everything had just gotten stupidly cheap for a while.
    dischordia
    wiggle Tech.
    #14 - 2012-05-08 16:46:16 UTC
    Celeste Benal wrote:

    1. Drone poo has been replaced with bounties. Thus a major source of minerals (especially Nocxium and Zydrine) has been wiped away. Less supply.
    2. CCP Screegs is raining all sorts of unholy hellfire upon botters and RMTers everywhere, thus reducing the amount of bots in game. Less supply.
    3. Meta 0 drops have been replaced with scrap metal, which refines into Tritanium. More trit, less of everything else.
    4. Burn Jita had little to no effect on market prices beyond ganker ships and modules such as Tornados and large turrets.
    5. Hulkageddon has just started and will run until the end of May. This should further depress mineral supplies, though not to a significant extent.
    6. Continuing his crusade to get back at all of eve for his 30 day ban and loss of CSM chairmanship, The Mittani has declared OTEC (Organization of Technetium Exporting Corporations). Tech is now selling at over 200k/pu. As such, costs are being passed on to consumers.

    *Deep breath*

    I think that about covers it.


    I'm sorry to point out that the majority mins coming out of the drone regions was NOT high ends as everyone seems to think bit it was the lowends. If you had one of every drone compound @ perfect refine you would get 62 nox and a whooping 7 zyd. One reason that everything has risen in price is because the trit supply from the drone regions dried up in the 'civil war' that happened, you can't build nout with out trit now can you?

    What we're actually doing is removing both hisec and PvP from the game entirely. It seems like the fairest way to solve this problem. - CCP Grayscale  - CCP troll BEST troll <3

    Kara Books
    Deal with IT.
    #15 - 2012-05-08 16:56:47 UTC
    Krixtal Icefluxor wrote:
    Srioghal moDhream wrote:
    Krixtal Icefluxor wrote:
    The price of EVERYTHING in Rens is dropping thanks to all thie Idiot Market Bots that CCP can never seem to get thier hands around and toss out.


    Probably not bots, just idiots.


    Bots. Report + Petition = I can't talk about it.


    I sure hope you take them on full force as im not present in any mini space.

    I have spotted 1 very likelly bot in Amarr working on some of the T2 ships hulls.
    Vincent Athena
    Photosynth
    #16 - 2012-05-08 17:27:45 UTC
    On a side note, it now takes fewer hours of mining to afford a PLEX. Minerals going up, and the PLEX has been drifting down from its vid card peak.

    I wonder what inferno will do. More war = less mining? More war = more ships exploding = more demand? Both of these would cause another mineral price bubble. Or will a mass shift of miners to NPC corps keep mining going and minerals plentiful enough to stave off another bubble?

    Know a Frozen fan? Check this out

    Frozen fanfiction

    Skydell
    Bad Girl Posse
    #17 - 2012-05-08 18:05:43 UTC
    Grind ISK, wait it out.
    I sold a Providence Freighter for 1.33 billion with no sell order a week ago. The same freighter now sells for 1.22 billion.

    Go through your Assets, find stuff you thought was worthless. 'tis the season to sell, sell, sell.
    NiteNinja
    Doomheim
    #18 - 2012-05-08 19:16:56 UTC
    Actually guys, the true problem with the market goes to Incursions.

    Before I relate, lemme use a real life example. Take a government for instance. The price of everything goes up when the governments print more money, right?

    So incursion farming is relate-able to this situation. There is an infinite amount of income going into the game and its going straight to the markets. Thus causing mass market inflation because people can just farm incursions to compensate for the increased prices.

    Now if Incursions were to be eliminated or restricted, eventually the market would settle. Here is what would happen...
    Stage 1: People would begin buying plex to sustain their toys and corporations
    Stage 2: Plex prices would drop because there would be an increased flow of plex going into the market.
    Stage 3: People would begin to mine and build ships and sell them into the market for isk.
    Stage 4: Market saturation would settle prices back down to a lower level.

    CCP should limit the incursions to maybe like a mission, where if you kill the ship, it doesn't respawn, and keep them for only a day. That way the farming of these high value events would stop and the market would take an eventual and gradual level.

    Right now the game is very newbie unfriendly (more than usual) to up to a battlecruiser, a player would have to farm their L3 or L4 missions as long as it would've taken to farm missions to a carrier about this time last year.
    Debiru
    Universal Fleet Operations
    #19 - 2012-05-08 20:22:41 UTC  |  Edited by: Debiru
    NiteNinja wrote:
    Right now the game is very newbie unfriendly (more than usual) to up to a battlecruiser, a player would have to farm their L3 or L4 missions as long as it would've taken to farm missions to a carrier about this time last year.


    Yeahno. Don't get me wrong, I think Incursions are broken too (as does CCP). But L4 mission runners used to pull in tons of ISK as well before Incursions and more profitable mining. ISK faucets were around then just as they are now. Available money doesn't mean everything goes up in price, not at all. More money simply equals more goods bought each day. In EVE there is almost always overproduction. And when there is a shortage, Industrialists (like myself) are always there to bring supply back to demand and make great profits while getting there.

    What really effects prices of ships and goods is the price of minerals and other materials. Base items. Since minerals went up in price, so did the price of everything else. It is not a result of Incursions. Incursion runners simply gives us Industrialists more people to sell to in larger quantities. But they don't change the profit margins nor the total price.
    Kalli Brixzat
    #20 - 2012-05-08 20:39:56 UTC
    Debiru wrote:
    NiteNinja wrote:
    Right now the game is very newbie unfriendly (more than usual) to up to a battlecruiser, a player would have to farm their L3 or L4 missions as long as it would've taken to farm missions to a carrier about this time last year.


    Yeahno. Don't get my wrong, I think Incursions are broken too (as does CCP). But L4 mission runners used to pull in tons of ISK as well before Incursions and more profitable mining. ISK faucets were around then just as they are now. Available money doesn't mean everything goes up in price, not at all. More money simply equals more goods bought each day. In EVE there is almost always overproduction. And when there is a shortage, Industrialists (like myself) are always there to bring supply back to demand and make great profits while getting there.

    What really effects prices of ships and goods is the price of minerals and other materials. Base items. Since minerals went up in price, so did the price of everything else. It is not a result of Incursions. Incursion runners simply gives us Industrialists more people to sell to in larger quantities. But they don't change the profit margins nor the total price.


    From a microeconomic standpoint, I agree with you.

    However, I think there is more at play here. It is my opinion that there are artificial market forces at work here. I've suspected for a few weeks now that there are a small number of persons/entities buying up supply so as to increase the value of those goods. Machariel price has increased by over 50% in Caldari space since April 1. Last night, there was 1 CNR on the Lonetrek Market (730M isk); zero in The Citadel; ~5 in The Forge (655M+ isk). Last week, the average market cost for a naked CNR was ~500M. That's a significant increase in a matter of 5 days.
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