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Morphite; Why going so low?

Author
forestwho
Doomheim
#1 - 2012-08-03 13:03:24 UTC
Im just wondering, why is it goign so low and keeps dropping?, im assuming that supply is out growing the 1,3-1,5 mil units a day demand. But why is that & why has it dropped past hourly income of mining megacyte?
corestwo
Goonfleet Investment Banking
#2 - 2012-08-03 13:29:00 UTC
Anyone cycling gravimetric sites in nullsec has to mine everything, including the mercoxit, and enough people doing this makes supplying all necessary morphite laughably easy.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

snake pies
Dixon Cox Butte Preservation Society
#3 - 2012-08-03 15:46:29 UTC
prepare for even lower prices, nullsec will be mining more soon
Styth spiting
Brutor Tribe
Minmatar Republic
#4 - 2012-08-03 18:44:59 UTC
snake pies wrote:
prepare for even lower prices, nullsec will be mining more soon


In the CSM minutes they said that null mining is way way up, specifically highsec was up, lowsec was way up, and null was way way up if thats any indication of the increase in mining, though real values were not given.

As Snake pies stated the null minerals are going to continue to go quite low. With the mining barge changes players will now be able to mine in much cheaper ships with a very descent yield. Basically people will be able to mine 50M isk / hour at current prices in a ship that costs/fits at the price range of about 20M. Basically as long as you don't get your ship destroyed every 1/2 hour you'll make a profit.
corestwo
Goonfleet Investment Banking
#5 - 2012-08-03 19:29:44 UTC
Styth spiting wrote:
As Snake pies stated the null minerals are going to continue to go quite low. With the mining barge changes players will now be able to mine in much cheaper ships with a very descent yield. Basically people will be able to mine 50M isk / hour at current prices in a ship that costs/fits at the price range of about 20M. Basically as long as you don't get your ship destroyed every 1/2 hour you'll make a profit.

And yet, the very reason why CCP removed the drone alloys in the first place was because they felt that with the mineral prices the drone regions created, mining was not a worthwhile profession.

Now, months later, those mineral prices are at that same price.

Makes you think, doesn't it. Blink

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

Nerf Burger
Doomheim
#6 - 2012-08-03 21:52:56 UTC  |  Edited by: ISD Dorrim Barstorlode
corestwo wrote:
Styth spiting wrote:
As Snake pies stated the null minerals are going to continue to go quite low. With the mining barge changes players will now be able to mine in much cheaper ships with a very descent yield. Basically people will be able to mine 50M isk / hour at current prices in a ship that costs/fits at the price range of about 20M. Basically as long as you don't get your ship destroyed every 1/2 hour you'll make a profit.

And yet, the very reason why CCP removed the drone alloys in the first place was because they felt that with the mineral prices the drone regions created, mining was not a worthwhile profession.

Now, months later, those mineral prices are at that same price.

Makes you think, doesn't it. Blink


not all mineral prices, goon.
Rengerel en Distel
#7 - 2012-08-03 21:53:26 UTC
corestwo wrote:
Styth spiting wrote:
As Snake pies stated the null minerals are going to continue to go quite low. With the mining barge changes players will now be able to mine in much cheaper ships with a very descent yield. Basically people will be able to mine 50M isk / hour at current prices in a ship that costs/fits at the price range of about 20M. Basically as long as you don't get your ship destroyed every 1/2 hour you'll make a profit.

And yet, the very reason why CCP removed the drone alloys in the first place was because they felt that with the mineral prices the drone regions created, mining was not a worthwhile profession.

Now, months later, those mineral prices are at that same price.

Makes you think, doesn't it. Blink


I guess you'd have to wonder how low the mineral prices would be if they hadn't made their changes.

With the increase in shiptoasting, the Report timer needs to be shortened.

Vaerah Vahrokha
Vahrokh Consulting
#8 - 2012-08-03 23:30:31 UTC
corestwo wrote:
Styth spiting wrote:
As Snake pies stated the null minerals are going to continue to go quite low. With the mining barge changes players will now be able to mine in much cheaper ships with a very descent yield. Basically people will be able to mine 50M isk / hour at current prices in a ship that costs/fits at the price range of about 20M. Basically as long as you don't get your ship destroyed every 1/2 hour you'll make a profit.

And yet, the very reason why CCP removed the drone alloys in the first place was because they felt that with the mineral prices the drone regions created, mining was not a worthwhile profession.

Now, months later, those mineral prices are at that same price.

Makes you think, doesn't it. Blink


Minerals prices are now much more free form than they used to be in the past.
This means people will overmine till prices get low enough that they stop considering it worth doing.

Also, the more the AFK it can be done, the lower that price below which they stop considering it worth doing goes.

Between the new ships and the new generations of bots, prices could really keep dropping till winter.
corestwo
Goonfleet Investment Banking
#9 - 2012-08-04 00:24:25 UTC  |  Edited by: ISD Dorrim Barstorlode
Nerf Burger wrote:
corestwo wrote:
Styth spiting wrote:
As Snake pies stated the null minerals are going to continue to go quite low. With the mining barge changes players will now be able to mine in much cheaper ships with a very descent yield. Basically people will be able to mine 50M isk / hour at current prices in a ship that costs/fits at the price range of about 20M. Basically as long as you don't get your ship destroyed every 1/2 hour you'll make a profit.

And yet, the very reason why CCP removed the drone alloys in the first place was because they felt that with the mineral prices the drone regions created, mining was not a worthwhile profession.

Now, months later, those mineral prices are at that same price.

Makes you think, doesn't it. Blink


not all mineral prices, goon.


The intent of the drone region changes was largely to make nullsec mining worthwhile - ergo, by that metric, the removal of the drone regions has thus far been a failure.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

Vaerah Vahrokha
Vahrokh Consulting
#10 - 2012-08-04 04:54:23 UTC  |  Edited by: Vaerah Vahrokha
corestwo wrote:


The intent of the drone region changes was largely to make nullsec mining worthwhile - ergo, by that metric, the removal of the drone regions has thus far been a failure.


The drone regions were a sort of "fixed burden" weighing mostly on null sec.
But null sec regions are subject to the same economy rules that govern the whole EvE.

If they:

- become safer than hi sec (and your perma-Hulkageddon helped a lot at that), regardless of the fact it's players who made them safer than hi sec and not NPCs.

- have "spammable" sov mining sites that furthermore require tangible farming to be upgraded.

then a logical consequence is to see high ends tank to values comparable to hi sec mineral values / true rarity + monetized risk value. True rarity would be the statistical presence of the high end ores vs low ends. In the past that used to be powers of 2, now it's the real "rarity" of the high ends.
I.e. if by absurd you had two twin miners, one mining Tritanium and the second mining Megacyte and due to the factors above 1 Megacyte unity was 0.0 sec safely mined every 100 Tritanium units, Megacyte would only be worth 650 or so ISK + perceived monetized risk value. With risk value going down and being farmable in great quantities, high ends really tank hard and fast.
No drone regions or elsewhere nerfs will help with this. Finally, WH mining is also a factor.
Hemmo Paskiainen
#11 - 2012-08-04 16:48:37 UTC  |  Edited by: Hemmo Paskiainen
I think the ore volumes in the spawnable gravi sites are the main issue. As you need to mine out the entire site to let it respawn. This means that when there is an high end ore that is common in there and not much used it will be seen as a left over and it keep getting dumped untill its worthless as the supply is higher than overall demand and it needs to be mined.

If relativity equals time plus momentum, what equals relativity, if the momentum is minus to the time?

Kara Books
Deal with IT.
#12 - 2012-08-06 03:58:26 UTC
every one is holding their breath peaking at the prices every day, a few of us want to manipulate it ( search for a diamond in a sleeping Lions mouth)

I predict Manipulation will cause enough instability to jitter up even the most hearty of merchants out there, otherwise, the trajectory is aiming for a very very very slow increasing value and then once the players come flocking back em mass, a good steady drop.
Javajunky
Federal Navy Academy
Gallente Federation
#13 - 2012-08-06 19:41:18 UTC
TLDR - Year End Predictions...


TRITANIUM: 2.50 to 2.90

PYERITE: 4.0 to 4.5

MEXALLON: 19.0 to 21.0

ISOGEN: 30 to 32
NOCXIUM: 400 to 425

ZYDRINE: 625 to 675

MEGACYTE: 1800 to 1850

MORPH: 2900 to 3200



A year ago CCP wanted to make mining more valuable...



... changing the UI so it's harder for real life multi-boxers

... redoing mining ships to make them bot friendly

... buffing all the other mining ships and doing nothing for the pro-mining folks
and hulks
... nerfing cargo on hulks, the only ship to use if you are a hard core miner



Hmmm... I guess CCP didn't really want the Multi-boxer's money anyway...

All in all - CCP ran around a big ol tree and got right back to where they started... mining won't be worth doing in empire and it will be be afk abused in null sec because no one will care if that ship just got blown up because it's costs nothing to replace.
Promiscuous Female
GBS Logistics and Fives Support
#14 - 2012-08-06 19:45:45 UTC
jesus christ the ellipses is not supposed to be used so frequently

it is not like the tub of mayonnaise you have on your nightstand in your bedroom
corestwo
Goonfleet Investment Banking
#15 - 2012-08-06 19:49:41 UTC
Javajunky wrote:
delicious tears


you have no idea how much this post makes me want to awox you

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

Wasse
Viziam
Amarr Empire
#16 - 2012-08-09 11:28:12 UTC
Javajunky wrote:
TLDR - Year End Predictions...

All in all - CCP ran around a big ol tree and got right back to where they started... mining won't be worth doing in empire and it will be be afk abused in null sec because no one will care if that ship just got blown up because it's costs nothing to replace.


Funny you say this. I'm currently contemplating the following mining scenario.

Setup 4-5 mackinaws, in a grav site, afk mining. (tanking the rats).
Rorqual boosting in a pos.

Ratting on a couple of other accounts in the system.

Dual ratting Tengus will earn me 100mill/hour, + the 4-5 afk mackinaws will out strip what I can do with 7 miners.

Discova
Nexgen Industry
#17 - 2012-08-10 16:44:34 UTC
Rengerel en Distel wrote:
corestwo wrote:
Styth spiting wrote:
As Snake pies stated the null minerals are going to continue to go quite low. With the mining barge changes players will now be able to mine in much cheaper ships with a very descent yield. Basically people will be able to mine 50M isk / hour at current prices in a ship that costs/fits at the price range of about 20M. Basically as long as you don't get your ship destroyed every 1/2 hour you'll make a profit.

And yet, the very reason why CCP removed the drone alloys in the first place was because they felt that with the mineral prices the drone regions created, mining was not a worthwhile profession.

Now, months later, those mineral prices are at that same price.

Makes you think, doesn't it. Blink


I guess you'd have to wonder how low the mineral prices would be if they hadn't made their changes.




You voted for Obama didnt you?
corestwo
Goonfleet Investment Banking
#18 - 2012-08-10 17:17:08 UTC
Well, had CCP not removed the drone alloys there wouldn't have been a massive shortage across the board (low ends especially) that drastically reduced demand, so high ends would still be about where they were and low ends would still be low, outside of the normal summertime variation. Hulkageddon would have been barely noticed, as the combined supply of refined meta 0 minerals and drone alloy minerals would have continued to drown out mined supply in empire. Thus, nothing would have changed.

So really, if you want to drag politics into it, the lesson here is that harsh austerity is a bad, bad thing.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

Merchant Sarah
University of Caille
Gallente Federation
#19 - 2012-08-10 19:54:35 UTC
Javajunky wrote:


Hmmm... I guess CCP didn't really want the Multi-boxer's money anyway...




You sound upset.
Kara Books
Deal with IT.
#20 - 2012-08-10 21:23:15 UTC
forestwho wrote:
Im just wondering, why is it goign so low and keeps dropping?, im assuming that supply is out growing the 1,3-1,5 mil units a day demand. But why is that & why has it dropped past hourly income of mining megacyte?


I just noticed the name on your character, dunno man, sounds manipulative.
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