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AFK Miners Fail Economics Forever

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Suddenly Forums ForumKings
Doomheim
#1 - 2012-11-16 19:57:22 UTC  |  Edited by: Suddenly Forums ForumKings
Yes they do. The AFK will stop reading here and flame me, but you won'tBig smile

Although AFK mining will always generate an accounting profit (your ISK quantity goes up), AFK mining is one of the worst activities imaginable for making money.

This seems counter intuitive to some people - if you're making money, you're winning right? WRONG.

You see, there is this really cool thing called "implicit cost" also known as opportunity cost. When you do something you give up the chance to do something else. Normally, this is par for the course and totally ok. But AFK ice mining is special.

AFK ice mining is like collecting cans on the street to cash in at an aluminum recycling plant for some nickels. The entry barrier is nonexistent, any moron can do it. This, combined with perfect information (current ice prices are known to all and the locations of ice belts are readily available) means that ice prices are as low as they can possibly be in the market.

But we all know that miners mine themselves into poverty, they've done it since the start of EVE. They complain that they don't make enough money and ask for more yield, which causes them to make either the same or often less than they did before. They then proceed to ask for more yield againBig smile

AFK takes stupid up to 11. AFK miners are collectively mining themselves into mediocrity because "I can make teh isk while watching Kaylee on Firefly" mentalityCool.

They may be making accounting profits but the facts are they make zero or worse economic profits. Quite literally, you'd be better of doing any other activity than AFK mining.

But since AFK miners only understand a wallet blink, they will think they're gaming the system by making money afk. But in reality they're selling themselves as short as you possibly could.

So, AFKers, you fail economics forever.
Kale Eledar
Venerated Industries
#2 - 2012-11-16 20:06:19 UTC
Oh god why am I taking the bait


Eh....well...yeah. I see your point, but I don't think it's about pure profit. It's profit for effort expended.

Granted, trading with good skills takes micromanagement but is generally easy and is actually legit, but someone not even playing Eve is certainly doing less work for isk.

The real stupidity is that they are missing out on all the cool stuff in the game.

First come smiles, then lies. Last is gunfire.

Dave Stark
#3 - 2012-11-16 20:06:45 UTC
Suddenly Forums ForumKings wrote:
So, AFKers, you fail economics forever.


ah i love you GCSE business students.

once your teacher has covered motivation theory, come back here and realise how amusing and incorrect you are.
Suddenly Forums ForumKings
Doomheim
#4 - 2012-11-16 20:07:44 UTC
Dave stark wrote:
Suddenly Forums ForumKings wrote:
So, AFKers, you fail economics forever.


ah i love you GCSE business students.

once your teacher has covered motivation theory, come back here and realise how amusing and incorrect you are.


So for AFK ice mining do you prefer the mackinaw or skiff types?
Darth Gustav
Sith Interstellar Tech Harvesting
#5 - 2012-11-16 20:09:03 UTC
Dave stark wrote:
Suddenly Forums ForumKings wrote:
So, AFKers, you fail economics forever.


ah i love you GCSE business students.

once your teacher has covered motivation theory, come back here and realise how amusing and incorrect you are.

Your knowledge of economics is impressive to a human being, I'll grant you that.

AFK mining lasers and bots don't care how impressive your mention of motivation theory is, though.

AFK mining lasers and bots aren't motivated by anything.

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom

Dave Stark
#6 - 2012-11-16 20:11:06 UTC
Suddenly Forums ForumKings wrote:
Dave stark wrote:
Suddenly Forums ForumKings wrote:
So, AFKers, you fail economics forever.


ah i love you GCSE business students.

once your teacher has covered motivation theory, come back here and realise how amusing and incorrect you are.


So for AFK ice mining do you prefer the mackinaw or skiff types?


depends, ship and fittings largely depend on the length of the episode of each tv show. i like to time it so that my cargo is full at roughly the same time as the episode ends, or slightly longer if i need to grab snacks, or stuff like that.
Vaerah Vahrokha
Vahrokh Consulting
#7 - 2012-11-16 20:15:53 UTC
Suddenly Forums ForumKings wrote:
Yes they do. The AFK will stop reading here and flame me, but you won'tBig smile

Although AFK mining will always generate an accounting profit (your ISK quantity goes up), AFK mining is one of the worst activities imaginable for making money.



It's the worst but it's better than making zero ISK and it comes with the equivalent effort of staying logged off.

So to talk along your line, the opportunity cost of making little ISK with zero effort is more favorable than making zero ISK with zero effort.
Suddenly Forums ForumKings
Doomheim
#8 - 2012-11-16 20:17:59 UTC
Vaerah Vahrokha wrote:
Suddenly Forums ForumKings wrote:
Yes they do. The AFK will stop reading here and flame me, but you won'tBig smile

Although AFK mining will always generate an accounting profit (your ISK quantity goes up), AFK mining is one of the worst activities imaginable for making money.



It's the worst but it's better than making zero ISK and it comes with the equivalent effort of staying logged off.

So to talk along your line, the opportunity cost of making little ISK with zero effort is more favorable than making zero ISK with zero effort.


Oh god it begins!

Here's a thought: you do pay for electricity right? you could have invested an hour of effort to make far more than you made leaving your system on all day AFK mining and then saved on power.

Of course you're making money, I acknowledged that.
Darth Gustav
Sith Interstellar Tech Harvesting
#9 - 2012-11-16 20:18:50 UTC
Vaerah Vahrokha wrote:
Suddenly Forums ForumKings wrote:
Yes they do. The AFK will stop reading here and flame me, but you won'tBig smile

Although AFK mining will always generate an accounting profit (your ISK quantity goes up), AFK mining is one of the worst activities imaginable for making money.



It's the worst but it's better than making zero ISK and it comes with the equivalent effort of staying logged off.

So to talk along your line, the opportunity cost of making little ISK with zero effort is more favorable than making zero ISK with zero effort.

Not on a macroeconomical scale, it isn't.

Devaluing professions through non-stop zero-effort resource uptake is not good for Eve.

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom

Malphilos
State War Academy
Caldari State
#10 - 2012-11-16 20:22:43 UTC
Darth Gustav wrote:
Vaerah Vahrokha wrote:
Suddenly Forums ForumKings wrote:
Yes they do. The AFK will stop reading here and flame me, but you won'tBig smile

Although AFK mining will always generate an accounting profit (your ISK quantity goes up), AFK mining is one of the worst activities imaginable for making money.



It's the worst but it's better than making zero ISK and it comes with the equivalent effort of staying logged off.

So to talk along your line, the opportunity cost of making little ISK with zero effort is more favorable than making zero ISK with zero effort.

Not on a macroeconomical scale, it isn't.

Devaluing professions through non-stop zero-effort resource uptake is not good for Eve.


For the unenlightened, please explain how it's worse than mining with someone at the keyboard.
Dave Stark
#11 - 2012-11-16 20:25:15 UTC
Suddenly Forums ForumKings wrote:
Here's a thought: you do pay for electricity right? you could have invested an hour of effort to make far more than you made leaving your system on all day AFK mining and then saved on power.


incorrect assumption #2; the computer is only on in order to play eve.

in fact, if i did it your way it'd cost me more money on my bills because i'd have spent an hour playing eve and i wouldn't have got anything else done so i'd then have to spend more time with the computer on to get things finished...
Darth Gustav
Sith Interstellar Tech Harvesting
#12 - 2012-11-16 20:25:43 UTC  |  Edited by: Darth Gustav
Malphilos wrote:
Darth Gustav wrote:
Vaerah Vahrokha wrote:
Suddenly Forums ForumKings wrote:
Yes they do. The AFK will stop reading here and flame me, but you won'tBig smile

Although AFK mining will always generate an accounting profit (your ISK quantity goes up), AFK mining is one of the worst activities imaginable for making money.



It's the worst but it's better than making zero ISK and it comes with the equivalent effort of staying logged off.

So to talk along your line, the opportunity cost of making little ISK with zero effort is more favorable than making zero ISK with zero effort.

Not on a macroeconomical scale, it isn't.

Devaluing professions through non-stop zero-effort resource uptake is not good for Eve.


For the unenlightened, please explain how it's worse than mining with someone at the keyboard.

That'd be fine..

People at keyboards have limits. Limits are actually good for economies. They reinforce minimum values, rather than allowing them to sag indefinitely.

When everyone can gather resources with zero effort those resources' value suffers. As a result, the value of the profession as a whole suffers, too.

Only when resources are finite in availability will there be no difference between a miner ATK and a bot/AFK miner.

Thanks for the great question.

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom

Vaerah Vahrokha
Vahrokh Consulting
#13 - 2012-11-16 20:28:17 UTC
Suddenly Forums ForumKings wrote:
Here's a thought: you do pay for electricity right? you could have invested an hour of effort to make far more than you made leaving your system on all day AFK mining and then saved on power.

Of course you're making money, I acknowledged that.


I am not that much of a miner (I trade) but in any case, trading while mining justifies the electricity.

Watching a video while mining => the computer uses like 5 more watts out of 700 it's using anyway so.... who cares for those 5W?


Darth Gustav wrote:

Devaluing professions through non-stop zero-effort resource uptake is not good for Eve.


Hey, in most other games mining is not this hideous farce we got in EvE.
Make it less craptastic of a mechanic and you'll magically see people willing to actually play it.
Telegram Sam
Sebiestor Tribe
Minmatar Republic
#14 - 2012-11-16 20:30:20 UTC
Dave stark wrote:
Suddenly Forums ForumKings wrote:
Here's a thought: you do pay for electricity right? you could have invested an hour of effort to make far more than you made leaving your system on all day AFK mining and then saved on power.


incorrect assumption #2; the computer is only on in order to play eve.

in fact, if i did it your way it'd cost me more money on my bills because i'd have spent an hour playing eve and i wouldn't have got anything else done so i'd then have to spend more time with the computer on to get things finished...

Ha ha! Made me laugh in my cubicle, I might get fired now.
Darth Gustav
Sith Interstellar Tech Harvesting
#15 - 2012-11-16 20:31:33 UTC
Vaerah Vahrokha wrote:
Suddenly Forums ForumKings wrote:
Here's a thought: you do pay for electricity right? you could have invested an hour of effort to make far more than you made leaving your system on all day AFK mining and then saved on power.

Of course you're making money, I acknowledged that.


I am not that much of a miner (I trade) but in any case, trading while mining justifies the electricity.

Watching a video while mining => the computer uses like 5 more watts out of 700 it's using anyway so.... who cares for those 5W?


Darth Gustav wrote:

Devaluing professions through non-stop zero-effort resource uptake is not good for Eve.


Hey, in most other games mining is not this hideous farce we got in EvE.
Make it less craptastic of a mechanic and you'll magically see people willing to actually play it.

You mean as opposed to now, where tons of people are playing it "AFK" or by "macro"?

You really think all those subs won't change status if mining gets an "interestingness" buff? You really think they'll be excited?

Sometimes, Vaerah, I don't see what the points of your posts are.

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom

Malphilos
State War Academy
Caldari State
#16 - 2012-11-16 20:31:54 UTC
Darth Gustav wrote:
Malphilos wrote:


For the unenlightened, please explain how it's worse than mining with someone at the keyboard.

That'd be fine..

People at keyboards have limits. Limits are actually good for economies. They reinforce minimum values, rather than allowing them to sag indefinitely.

When everyone can gather resources with zero effort those resources' value sufferes. As a result, the value of the profession as a whole suffers, too.

Only when resources are finite in availability will there be no difference between a miner ATK and a bot/AFK miner.

Thanks for the great question.


You're welcome! I have more:

When they're sitting at their keyboard, does it matter where their eyes are pointing?
What if they're at the keyboard but asleep?
How do wireless keyboards fit into this scheme?
What's the impact of running EVE and Firefly on the same display? While sleeping?
In what units are you measuring effort (as in "zero effort")?
Xercodo
Cruor Angelicus
#17 - 2012-11-16 20:33:57 UTC
I think that miners simply need more yield to make prices go down. A tier 3 BS should not be over 250 mill dammit! They're supposed to be 150 D: and tier 2 should be 100 and tier 1 be 50 and BCs should be in the teens and high 20s D:

The mining profession isn't very much of a popular one and thus a relatively small % of the population does it. If this % stays roughly the same as the game grows then there will always been a obligation for the small mining population to keep up with the non-mining populaton's needs.

Give them more yield per person and you get lowered mineral prices and eventually everything levels out and the miners end up making exactly the same ISK they made with last season's best mining ship but the economy as a whole will benefit from lowered prices.

Hopefully, since the cost of living, so to speak, would go down then PLEX might too.

The Drake is a Lie

Dave Stark
#18 - 2012-11-16 20:34:22 UTC
Vaerah Vahrokha wrote:
Make it less craptastic of a mechanic and you'll magically see people willing to actually play it.

but if they do that, and you have to pay attention to your screen to mine, it won't be viable to mine with 20 accounts, and ccp will lose subs.

so we all know that mining is never going to be less afkable. not to mention if less accounts are mining, less ore is being mined, supply is lower, prices go up, tears start flooding the forums... it's just unpleasant for every one.
Darth Gustav
Sith Interstellar Tech Harvesting
#19 - 2012-11-16 20:35:22 UTC
Malphilos wrote:
Darth Gustav wrote:
Malphilos wrote:


For the unenlightened, please explain how it's worse than mining with someone at the keyboard.

That'd be fine..

People at keyboards have limits. Limits are actually good for economies. They reinforce minimum values, rather than allowing them to sag indefinitely.

When everyone can gather resources with zero effort those resources' value sufferes. As a result, the value of the profession as a whole suffers, too.

Only when resources are finite in availability will there be no difference between a miner ATK and a bot/AFK miner.

Thanks for the great question.


You're welcome! I have more:

When they're sitting at their keyboard, does it matter where their eyes are pointing?
What if they're at the keyboard but asleep?
How do wireless keyboards fit into this scheme?
What's the impact of running EVE and Firefly on the same display? While sleeping?
In what units are you measuring effort (as in "zero effort")?

Only the last question deserves any answer.

Effort is described in terms of work, or force divided by distance, to achieve it.

In this case I'm going to use Joules (J) for the unit. Nevertheless, a zero value here is equal to a zero value for any other unit of work I'm familiar with.

I hope that helps.

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom

CCP Eterne
C C P
C C P Alliance
#20 - 2012-11-16 20:39:06 UTC
Deleted some trolling posts.

EVE Online/DUST 514 Community Representative ※ EVE Illuminati ※ Fiction Adept

@CCP_Eterne ※ @EVE_LiveEvents

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