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About being a miner for a living

Author
Kaito Okimura
Perkone
Caldari State
#1 - 2013-01-05 19:59:20 UTC
I came to eve for the industrial aspect mainly. I know that just about everything makes more isk than mining, and I know that 99% of you find it so boring that you wouldn't even do it to kill time on an alt. But I like mining. I really do. I can fly all mining ships and have 100% refining on common ore. My second account, currently inactive, is an Orca pilot. I want to run a single account for now, but the second account should get back online as soon as I can afford to PLEX it.

I'd like to know what my options are to do it for a living. "For a living" here means that I should be able to afford to PLEX my account(s) and maybe have a little spare isk to pay for crystals, and maybe save up for something like a freighter. I think we're looking at a figure close to 2 billion ISK/month. Play time is not an issue. 10 hours a day is my average anyways.

Now, I'm not saying that I will only ever log on to mine, but most of my training and assets should towards improving my mining yield.

As a secondary question, how can someone with such a mindset be an asset to a corporation?
Beckie DeLey
Garoun Investment Bank
Gallente Federation
#2 - 2013-01-05 20:10:57 UTC
Kaito Okimura wrote:
I came to eve for the industrial aspect mainly. I know that just about everything makes more isk than mining, and I know that 99% of you find it so boring that you wouldn't even do it to kill time on an alt. But I like mining. I really do. I can fly all mining ships and have 100% refining on common ore. My second account, currently inactive, is an Orca pilot. I want to run a single account for now, but the second account should get back online as soon as I can afford to PLEX it.

I'd like to know what my options are to do it for a living. "For a living" here means that I should be able to afford to PLEX my account(s) and maybe have a little spare isk to pay for crystals, and maybe save up for something like a freighter. I think we're looking at a figure close to 2 billion ISK/month. Play time is not an issue. 10 hours a day is my average anyways.

Well, you know how much you make per hour. You know how much you need to PLEX your accounts. You now know how many hours you need to spend in the belt. I guess i don't know what you are asking for as it seems to be fairly trivial to calculate the figures you need to know for your decisions.

Quote:
As a secondary question, how can someone with such a mindset be an asset to a corporation?

Every industrial corp can use people that do the menial work for them, you will probably have some mails in your inbox already.

My siren's name is Brick and she is the prettiest.

Kestrix
The Whispering
#3 - 2013-01-05 20:52:58 UTC
If you want to do it for a living then join an organised industrial corp. You'll find it allot easier to make ISK when you are getting max bonuses and not having to haul your own ore. Plus mining is much more fun in a group.
Saleani Tsolyani
Bey Su
#4 - 2013-01-05 21:36:04 UTC
Kaito Okimura wrote:
As a secondary question, how can someone with such a mindset be an asset to a corporation?

Until RL circumstances ended it, I used to do all the mining for my corp. The CEO would buy the mined ore (at the buy price in local trade hub). He'd then refine it and build things to sell in the marketplace. If I could have mined 10hr/day, he'd still need more minerals than that.

My advice would be to look for a manufacturing corp.
Kaito Okimura
Perkone
Caldari State
#5 - 2013-01-05 22:13:17 UTC
Beckie DeLey wrote:
Well, you know how much you make per hour. You know how much you need to PLEX your accounts. You now know how many hours you need to spend in the belt. I guess i don't know what you are asking for as it seems to be fairly trivial to calculate the figures you need to know for your decisions.


Actually, that was the gist of the question. I know I can sell the ore, refine and sell minerals, or manufacture stuff and sell that. I know that at 100%, minerals are often the most profitable, and that manufacture is fiercely competitive and hard to make anything off unless you´re an established giant industrialist. I was looking for discussion on the subject of transforming ore into isk in the most profitable way, as well as perhaps finding out about any options I may have missed.

Kestrix wrote:
If you want to do it for a living then join an organised industrial corp. You'll find it allot easier to make ISK when you are getting max bonuses and not having to haul your own ore. Plus mining is much more fun in a group.


I agree, and this kind of vision is my dream about Eve gameplay. Organized mining. /fawn

Saleani Tsolyani wrote:
Until RL circumstances ended it, I used to do all the mining for my corp. The CEO would buy the mined ore (at the buy price in local trade hub). He'd then refine it and build things to sell in the marketplace. If I could have mined 10hr/day, he'd still need more minerals than that.


I'm no expert on the subject, but personal motives aside, how is that better than simply selling your ore at the very same market price he is paying you, or better yet, refining it yourself when appropiate and making extra isk, especially if you did "all the mining", and were thusly probably alone? Your CEO had quite a deal with you. I would say that if the corp runs and supports your mining operations through the presence of armed defense forces, rorqual/orca, scouting, etc, it's only fair for them to either keep a large chunk of the ore, or get a huge discount if you "sell it to them". But doing it on your own and giving it away is stupid. Sorry if that sounds offensive, it's not my intention to call you anything.
Kirkwood Ross
Golden Profession
#6 - 2013-01-06 01:32:24 UTC
Mining can be your main profession but as a miner you should look at training Planetary Interaction to provide PI products to your corp and as extra isk. If you want to break out of the supplier role you should also train Researching, Manufactoring, and trading skills.
Rengerel en Distel
#7 - 2013-01-06 02:19:08 UTC
Kaito Okimura wrote:

Saleani Tsolyani wrote:
Until RL circumstances ended it, I used to do all the mining for my corp. The CEO would buy the mined ore (at the buy price in local trade hub). He'd then refine it and build things to sell in the marketplace. If I could have mined 10hr/day, he'd still need more minerals than that.


I'm no expert on the subject, but personal motives aside, how is that better than simply selling your ore at the very same market price he is paying you, or better yet, refining it yourself when appropiate and making extra isk, especially if you did "all the mining", and were thusly probably alone? Your CEO had quite a deal with you. I would say that if the corp runs and supports your mining operations through the presence of armed defense forces, rorqual/orca, scouting, etc, it's only fair for them to either keep a large chunk of the ore, or get a huge discount if you "sell it to them". But doing it on your own and giving it away is stupid. Sorry if that sounds offensive, it's not my intention to call you anything.


Not sure on his specific circumstance, but in general, he didn't have to transport the ore/minerals to a hub. The corp had all the risk with a pos, with the BPs for the ships, with the logistics of transporting the ships to the hub, etc. Not to mention, the time the isk was simply tied up in the market waiting on things to sell. The miner on the other hand got paid and could move on to more mining, whatever.

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

RubyPorto
RubysRhymes
#8 - 2013-01-06 02:48:06 UTC
Kaito Okimura wrote:
I'm no expert on the subject, but personal motives aside, how is that better than simply selling your ore at the very same market price he is paying you, or better yet, refining it yourself when appropiate and making extra isk, especially if you did "all the mining", and were thusly probably alone? Your CEO had quite a deal with you. I would say that if the corp runs and supports your mining operations through the presence of armed defense forces, rorqual/orca, scouting, etc, it's only fair for them to either keep a large chunk of the ore, or get a huge discount if you "sell it to them". But doing it on your own and giving it away is stupid. Sorry if that sounds offensive, it's not my intention to call you anything.


Let me get this straight, you want to find a corp whom you can "help" with minerals at full market price?

From the sound of it, you might be best off just mining yourself and hauling/selling the minerals at your neighborhood hub.

I'm not sure how you haven't tripped into 500m ISK/acct/month when mining 10 hours a day. An unbonused Venture tops out at 10m ISK/hr so you should be making at least 3b/month/acct.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon

Kaito Okimura
Perkone
Caldari State
#9 - 2013-01-06 03:04:40 UTC
Rengerel en Distel wrote:
he didn't have to transport the ore/minerals to a hub.

If you are mining off empire space, this can certainly be a good argument for "better prices".

Rengerel en Distel wrote:
The corp had all the risk with a pos

As a corporation member, you are to partake in covering the corp's metaphorical behind, but that's not relevant here. The miner risks their ship and clone too. We all have something at stake, that's how the game works. Everything else is up to agreement between the corp leadership and their members about risk sharing. Most will say "you cover your ass, I cover mine" as far as material loss goes, with corp tax paying for most corp property.

Rengerel en Distel wrote:
with the BPs for the ships, with the logistics of transporting the ships to the hub, etc. Not to mention, the time the isk was simply tied up in the market waiting on things to sell. The miner on the other hand got paid and could move on to more mining, whatever.

I do honestly not see how this is relevant at all. He stated that the CEO "bought the ore off him". While other details of his particular agreement with his CEO are unknown, I'd have to assume that the market risk is not the miner's problem after getting rid of his goods. Of course, I've heard about corps that mine and produce ships/modules/whatever, and then split the dividends among relevant members, which would make your point completely valid, were it the case here.

The miner gets to "move on to more mining", and the corp gets to not worry about obtaining ore. I think that's a fair deal, not an excuse to slash prices.
Kaito Okimura
Perkone
Caldari State
#10 - 2013-01-06 03:13:59 UTC  |  Edited by: Kaito Okimura
RubyPorto wrote:
Let me get this straight, you want to find a corp whom you can "help" with minerals at full market price?


Of course not. If they don't share the effort of me obtaining the ore in any way, in person or in intention, then I do not see a reason for me to give anything back except corp tax. And the tax applies to the income generated from whatever ore I somehow turn into isk, evidently.

Let me expand.

  • If a corp actively organizes and defends mining operations, they gain a right on the obtained ore by default.

  • If a corp owns a wormhole, and combat competent members actively work to defend it so I can safely (as safe as WH space can be anyway, by any stretch of the term) sit in my barge, listening to "Miner's Life" on my radio and happily munching ore back to the POS, I could not have done any of it without them, which grants them a fair chunk of the income derived from said ore. Replace "wormhole" by any other slice of space out there that needs to be kept safe in some way for me to run my mining operation.

  • If a corp doesn't partake in my mining activity, nor does it affect my ability to gather ore directly or indirectly, I see no way they have any rights on the ore I've gathered on my own.


I'd say most reasonable corps that expect their members to provide ore fall into the first two points, even if just marginally. If your corp expects you give them a discount (on top of corp taxes) simply for being nice to you in chat, you are being ripped off.

I don't think I'm being unreasonable, but if I am, I'd really like to know why. Paint me genuinely curious.
RubyPorto
RubysRhymes
#11 - 2013-01-06 03:31:59 UTC
Kaito Okimura wrote:
I don't think I'm being unreasonable, but if I am, I'd really like to know why. Paint me genuinely curious.


By purchasing the Ore/Minerals directly from the station that you base out of, they save you hauling time/risk.
By purchasing the Ore/Minerals directly from you, they save you Tax/Broker fees.
By purchasing the Ore/Minerals in bulk from you, they save you the effort of putting up sell orders.

Finally, your OP said you wanted to be an "asset to a Corporation." Which generally means not trying to gouge your corpmates.

FYI Corp Tax is not collected on any part of the mining process.


Like I said, you're probably best off not being in a corp. And I still don't understand how you haven't tripped into PLEX money while mining 10h/day. A Hulk should be making at least 20m/hr which would put you at a PLEX every 2 and a half days.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon

Tau Cabalander
Retirement Retreat
Working Stiffs
#12 - 2013-01-06 03:46:13 UTC
Kaito Okimura wrote:
As a secondary question, how can someone with such a mindset be an asset to a corporation?

Would you believe that I started playing EVE to mine. I've become more of an industrialist, but I still mine, not for profit but because I like doing it.

There are only so many mining skills though, and a miner does need to raise standing, and be able to defend himself and his corp.

I recommend that everyone, even miners, be able to at least adequately pilot a battlecruiser.
Kaito Okimura
Perkone
Caldari State
#13 - 2013-01-06 03:50:51 UTC
RubyPorto wrote:
By purchasing the Ore/Minerals directly from the station that you base out of, they save you hauling time/risk.
By purchasing the Ore/Minerals directly from you, they save you Tax/Broker fees.
By purchasing the Ore/Minerals in bulk from you, they save you the effort of putting up sell orders.

Finally, your OP said you wanted to be an "asset to a Corporation." Which generally means not trying to gouge your corpmates.

FYI Corp Tax is not collected on any part of the mining process.

Like I said, you're probably best off not being in a corp. And I still don't understand how you haven't tripped into PLEX money while mining 10h/day. A Hulk should be making at least 20m/hr which would put you at a PLEX every 2 and a half days.


And here I thought that by putting up my expectations for discussion and rebuttal, I'd learn something. Instead, I get told that I screw people over, and to stay away from corps. Thank you for your time and effort.

Also, corporation tax doesn't apply to mining itself, but it does once I try to turn the mined goods into isk on the market, right?

Tau Cabalander wrote:
There are only so many mining skills though, and a miner does need to raise standing, and be able to defend himself and his corp.

I recommend that everyone, even miners, be able to at least adequately pilot a battlecruiser.


I think I might have that covered. I can fly a Drake in decent fitting, and also a Raven. Not that those are good examples of ships useful in PVP... but it's a start, perhaps. In times of war, we all get handed a sword.
RubyPorto
RubysRhymes
#14 - 2013-01-06 03:57:27 UTC
Kaito Okimura wrote:
And here I thought that by putting up my expectations for discussion and rebuttal, I'd learn something. Instead, I get told that I screw people over, and to stay away from corps. Thank you for your time and effort.

Also, corporation tax doesn't apply to mining itself, but it does once I try to turn the mined goods into isk on the market, right?



Not my intention, but if that's what you'd like to read into it, feel free.

Corp Tax applies to:

  • Mission Payouts over 100k ISK
  • Mission Bonus Payouts over 100k ISK
  • Bounty Payouts over 100k ISK


And that is all. The corp does not ever automatically take a cut of any part of the mineral lifecycle.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon

Kiger Wulf
Imperial Shipment
Amarr Empire
#15 - 2013-01-06 04:06:30 UTC
I'm really trying to figure out where this became a "something for nothing" venture. The miner was selling ore to corp for the cost of the ore. It's not the corp was demanding the tribute of ore for nothing, the miner was being paid the fair market value for the ore.

Why are you acting as if the miner was being completely ripped off in this situation?
Kaito Okimura
Perkone
Caldari State
#16 - 2013-01-06 04:08:40 UTC
Kiger Wulf wrote:
I'm really trying to figure out where this became a "something for nothing" venture. The miner was selling ore to corp for the cost of the ore. It's not the corp was demanding the tribute of ore for nothing, the miner was being paid the fair market value for the ore.

Why are you acting as if the miner was being completely ripped off in this situation?


Because that was the impression I got, obviously lacking a lot of information, and purely speculating. I didn't expect it to escalate either. It was just a comment.
Kaito Okimura
Perkone
Caldari State
#17 - 2013-01-06 04:09:27 UTC
RubyPorto wrote:
The corp does not ever automatically take a cut of any part of the mineral lifecycle.


And that would make most of my argument completely irrelevant. Thanks for clearing that up for me.
Saleani Tsolyani
Bey Su
#18 - 2013-01-06 06:08:11 UTC
RubyPorto wrote:
[By purchasing the Ore/Minerals directly from the station that you base out of, they save you hauling time/risk.
By purchasing the Ore/Minerals directly from you, they save you Tax/Broker fees.
By purchasing the Ore/Minerals in bulk from you, they save you the effort of putting up sell orders.


This is correct. At that time, I didn't have a lot of trade skills, and my largest hauler is the ore bay in my retriever. The CEO has much higher standings, refining and trade skills than I do. I also hate the 0.01 isk games in the major hubs, so screwing around on the market is another part of the game I don't enjoy enough to get good at.

The Corp HQ used to be several jumps away from Dodixie, so yes, I certainly could have hauled the ore to market. Or I could have docked up and dropped it in the corp hanger and saved the round-trip and 15+ minutes it would take to make about 10 jumps (round trip).

I didn't want to type up a lot of personal, or corporate details, but I was quite satisfied with the previous arrangement. So if my previous reply came out terse, I'm sorry for your confustion.

Adam Smith wrote about the example of the increased productivity that a pin factory would experience with division of labor. That's one of the major principles in the modern business world - specialize and don't try to do everything. Ford and GM tried to do everything: owning coal mines, iron ore mines, owning the steel mills used coal to refine the ore, owning rubber plantations to make rubber for the tires, and so on, down to making the cars. Today, neither of those companies owns steel mills, coal mines, iron ore mines, nor rubber plantations. Nor do they make the locomotives used to haul the ore to the mills any more.

Disclaimer: I used to work for GM when they owned EMD.
Styth spiting
Brutor Tribe
Minmatar Republic
#19 - 2013-01-06 07:11:55 UTC
Kaito Okimura wrote:
I came to eve for the industrial aspect mainly. I know that just about everything makes more isk than mining, and I know that 99% of you find it so boring that you wouldn't even do it to kill time on an alt. But I like mining. I really do. I can fly all mining ships and have 100% refining on common ore. My second account, currently inactive, is an Orca pilot. I want to run a single account for now, but the second account should get back online as soon as I can afford to PLEX it.


Ore mining actually isn't all that bad isk/hour when compared to other careers. Sure you can make good isk doing wh stuff, but those returns are not guaranteed. You need crazy isk invested, have a well trained character, be part of an active group, get lucky having sites spawn, get lucky to have sites escalate and so on. And then you have to hope you don't lose your ships. Mining is a good source of isk for new players, and is very dependable. I know how much isk / hour I'll make mining, but you never know how much isk / hour you'll make in a wh, running sites etc. or how much isk you'll lose. Mining is also very easy to improve your isk/hour by adding alts, where as many other careers you're pretty much limited to just a few possible pilots you can manage at one time (and yes people do this, but again, with a massive investment in both isk and skill training).


Kaito Okimura wrote:

I'd like to know what my options are to do it for a living. "For a living" here means that I should be able to afford to PLEX my account(s) and maybe have a little spare isk to pay for crystals, and maybe save up for something like a freighter. I think we're looking at a figure close to 2 billion ISK/month. Play time is not an issue. 10 hours a day is my average anyways.


Well the logical choice is manufacturing. Instead of selling your minerals to buy orders manufacture with your minerals and setup sell orders of your finished product. it's an easy way to increase your minerals value. Freighters may seem like a good idea, but no one wants a freighter, you get a freighter because of a need. They are awful, slow expensive ships so the only reason to get one is because you hit a critical point where one is required. Personally I perfer to use 4 orca pilots vs 1 freighter.

The best option is to get a orca pilot you can use to boost while mining, hauling and general item hauling as well. I use my orca's all the time and wouldn't know what I would do without them.


Kaito Okimura wrote:

As a secondary question, how can someone with such a mindset be an asset to a corporation?


Yes and no. A corp will offer to buy your minerals, and in exchange offer orca boosting. Any non-industry corp really wont care unless you're doing high end manufacturing. So you'd be better off finding a corp that does mining ops that you can join to increase your hourly yield.
Styth spiting
Brutor Tribe
Minmatar Republic
#20 - 2013-01-06 07:19:51 UTC
Kaito Okimura wrote:
RubyPorto wrote:
The corp does not ever automatically take a cut of any part of the mineral lifecycle.


And that would make most of my argument completely irrelevant. Thanks for clearing that up for me.



Corps only take a cut when you are involved in mining ops with the corp. Generally these are 5% - 10% of the total ore yielded, though sometimes corps have non-profit mining ops (where all the ore goes to the corp).

It may sound like its a bad deal for you but it's not, not at all. When you consider a corp mining op you'll most likely be receiving 59% mining yield boosts from the orca, you will not need to deal with hauling to station, or to the trade hub, you don't need to worry about refining or grinding standings for either refining or for selling your materials and you have more security.

But really, if they are taking 10% of the yield from the op, you're still making 45% more yield per hour, so it's a win win.
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