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EVE New Citizens Q&A

 
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The value of ISK?
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Ben Cashman
The Scope
Gallente Federation
#1 - 2013-03-28 15:59:47 UTC
Maybe the subject header isn't the best choice for the question I have, but here goes.

I am now 15 days into the game (already subbed), and have 200 million ISK, plus I suppose a few more million in assets. I mostly mine and once in a while make an item or two to sell, its been fun.

Is 200 million ISK considered a decent amount of ISK for someone as new as me? I have no idea what a "decent" amount of ISK is in this game, or what the value of it actually is. I feel like I could lose my two ships and still comfortably replace them and still have some left over ISK. So in that regard I suppose I am doing ok.

I know there will be someone who says "NO WAY MAN I HAVE 8 TRILLION ISK AND I'VE BEEN PLAYING FOR 2 DAYS". I get that, however that doesn't really help my question.

Thanks in advanced! Sail on!
Takseen
Federal Defense Union
Gallente Federation
#2 - 2013-03-28 16:03:18 UTC
Yes, I can confirm that you are winning Eve.

Seriously though, I don't understand your question. Obviously if you have enough money to buy all the things you need, you're doing pretty good. Unless you want to pay by PLEX or pvp in big hulls.
Ben Cashman
The Scope
Gallente Federation
#3 - 2013-03-28 16:05:52 UTC
I guess I am trying to figure out where my 200 million ISK stands in this game. Do the majority of players run around will billions and trillions of ISK? That would make my 200 million look like nothing. Do people walk around with a few million? That would make my 200 million look pretty decent. I Just dont know where 200 million really stands in the grand scheme of things. I feel like I am doing decent but I just dont know how much or little ISK I have.
Archibald Thistlewaite III
The Royal Society for the Prevention of Miners
#4 - 2013-03-28 16:06:25 UTC
It all depends on how much you have been playing. If your playing for 12+ hours a day then its not alot of isk, if you only manage to play for 10 mins a day its a tidy sum.

Either way it doesn't really matter. Isk is a means to an end not the end itself.

User of 'Bumblefck's Luscious & Luminous Mustachio Wax'
Marc Callan
Center for Advanced Studies
Gallente Federation
#5 - 2013-03-28 16:13:06 UTC
It also depends on what your expenditure needs are. 200 million is a great nest egg for someone who'll routinely go out and risk frigates, destroyers, and cruisers; it's also enough to give you a grub stake if you want to play markets or engage in more serious industry. It's not enough if you're thinking about getting into huge fleet fights with a line battleship or something like that.

"We are what we pretend to be, so we must be careful about what we pretend to be." - Kurt Vonnegurt
Fractal Muse
Sebiestor Tribe
Minmatar Republic
#6 - 2013-03-28 16:17:37 UTC
ISK is extremely relative.

For me, I have had times when I had 200 million ISK and other times when I had over 10 billion ISK.

There have been moments when I made 80 million ISK an hour and other when I barely made any ISK per hour.

There are some players who have trillions of ISK but I would say that the majority of players have around 500 million ISK in their wallet. I'm basing that opinion on something I dimly recall seeing in one of the economic reports that CCP produces. I believe there was a note about the average ISK in wallet and that number was around 500 million.

Actually, let me see if I can find the quote... Oh, it was from 2009.. so yeah, that's a bit out of date.

But here it is anyway (source: http://cdn1.eveonline.com/community/QEN/QEN_Q1-2009.pdf)

Quote:
From January 2007, the average ISK per active account has grown from just over 300 million ISK per account to about 500 million ISK per account. This might seem like a large increase, but at the same time the EVE economy has grown.


Looks like I remember correctly.

Since that would be all accounts I would say that you are likely well ahead of the ISK curve for new players.

Keep it up and remember to enjoy yourself.
Aptenodytes
Reckless Abandon
#7 - 2013-03-28 16:24:35 UTC
Ben Cashman wrote:
I have no idea what a "decent" amount of ISK is in this game, or what the value of it actually is.

ISK is just pixels, and all those pixels belong to CCP anyway. So the "value" of ISK is zero.
You could value it in PLEX terms. 200 mil is just under half a PLEX which costs around $15. So your fortune is "worth" about $7. However this is a one-way conversion; you can convert RL money into ISK, but not the other way round.

If you are having fun then who cares if other people consider 200 mil to be a lot or not?
Myngero
Myn Industries
#8 - 2013-03-28 16:30:20 UTC
Yeah in the fanfest economic video of last year (I believe it was last year) they stated that the average ISK of the average player has went up from 500m isk to 550. But I guess all those trading/industry alts who have only 5000 isk in their wallet are also calculated into this. (500m seems to be a very low number).

I was facing the very same problem a few weeks ago, so I can fully understand why you are asking.

200m is a nice sum. I'm also a miner and I usually mine till I have 1b, than spend it, do silly stuff, than start again.

There is no real reason to collect much more, I bought 4 plexes (my accounts are subbed till June), I am collecting money to buy a freighter (thats 1.5b) and since I don't pvp and I don't loose ships, in high sec I'm only getting money, never actually "loose" any.

Most people in wormholes, 0 sec, low sec loose their stuff and have to buy new things like ammo. They might earn more / hour than us miners but they have more expenses.
Ovv Topik
Sebiestor Tribe
Minmatar Republic
#9 - 2013-03-28 16:36:17 UTC
Wait til someone puts a 200m bounty on you for lol's, that will put your bank balance in perspective!

But I would suggest circa 50-100m for a nights work (2-4 hrs) would be considered a fair income for a first year player.

Some would obviously scoff at that, but there are a dozen or more ways to make that, and the most important point is to pick ones you enjoy.

Don't let EvE become a second job.

"Nicknack, I'm in a shoe in space, on my computer, in my house, with a cup of coffee, in't that something." - Fly Safe PopPaddi. o7

Daniel Plain
Doomheim
#10 - 2013-03-28 16:36:40 UTC  |  Edited by: Daniel Plain
there are people who wouldn't undock for 200mil, then there are people who can't earn 200mil in a week even if they try. to give you a better estimate, most seasoned players exploit or at least know of a stable income source that will get them 100mil/hour or more. most of these require a well trained char and/or experience and/or resistance to mind numbing boredom.

I should buy an Ishtar.
J'Poll
School of Applied Knowledge
Caldari State
#11 - 2013-03-28 16:38:07 UTC  |  Edited by: J'Poll
Hmz...sounds like the typical bragging thread to me.

I really don't see what your question is about. But to me, 200mil...that's pocket change.

ISK is a tool to achieve what you like to do. Just like ships.

And what good is ISK sitting in your wallet doing nothing.

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
Ben Cashman
The Scope
Gallente Federation
#12 - 2013-03-28 16:45:38 UTC
J'Poll wrote:
Hmz...sounds like the typical bragging thread to me.

I really don't see what your question is about. But to me, 200mil...that's pocket change.

ISK is a tool to achieve what you like to do. Just like ships.

And what good is ISK sitting in your wallet doing nothing.


I am going to use "another" MMO just for reference. In "another" MMO I know that 20 silver is nothing, but say 20,000 gold is pretty decent. I am just trying to figure out if 200million is nothing because most people have trillions, or if 200 million would be considered a decent amount for a 15 day old player. I am not bragging because I dont even know if I can brag.
Forest Archer
State War Academy
Caldari State
#13 - 2013-03-28 16:46:31 UTC
A weird question in my oppinion but I find wealth is measured in 3 ways in eve

Isk amount
Asset amount
Whether you can fund your play style

You'll hear all kinds of answer really depends if your satisfied.

Always willing to help all you have to do is ask, though if you're in the other fleet I may not help the way you want. Just a heads up. Pub Channel: Lost Souls Trading Post
Baggo Hammers
#14 - 2013-03-28 16:53:30 UTC
200 million is a solid amount for your time playing. How many times do you want people to say it?

If you don't know where you're going, any road will take you there.
Ben Cashman
The Scope
Gallente Federation
#15 - 2013-03-28 16:54:37 UTC
Baggo Hammers wrote:
200 million is a solid amount for your time playing. How many times do you want people to say it?


I have gotten mixed answers. No need for the attitude.
Daniel Plain
Doomheim
#16 - 2013-03-28 17:27:50 UTC
most players' wallets are probably between 0 and 10 billion. there are quite a few trillionaires from what i know but chances are, you will never communicate with one directly ingame.

I should buy an Ishtar.
Fractal Muse
Sebiestor Tribe
Minmatar Republic
#17 - 2013-03-28 17:36:46 UTC  |  Edited by: Fractal Muse
Daniel Plain wrote:
there are people who wouldn't undock for 200mil, then there are people who can't earn 200mil in a week even if they try. to give you a better estimate, most seasoned players exploit or at least know of a stable income source that will get them 100mil/hour or more. most of these require a well trained char and/or experience and/or resistance to mind numbing boredom.

Just a note about a comment like this: most people who claim to make over 100 million ISK an hour are, at best, exaggerating.

Usually the claim fails to, as a common example, mention multiple accounts being used to generate that income. Another common misrepresentation is to not include travel time into their number
100+ million ISK / hour can be done but it is extremely rare.

Even people in 0.0 who are non-stop running forsaken hubs in an optimized ship that is not a capital ship are not quite making 100 million isk / hour. Some get to around 90 million / hour but that's still short.

So, whenever someone claims 100+ million ISK / hour just accept that it isn't 100% accurate (it might be that the person got lucky once and is then using that exceptional circumstance as their 'constant' value) and move on or have fun and ask them for a breakdown of their ISK / hour activity.

More often than not the person will come back and say that it is "secret"... unhuh.
Ryelek d'Entari
Horizon Glare
#18 - 2013-03-28 18:09:40 UTC  |  Edited by: Ryelek d'Entari
Perhaps this will put it into perspective.

PLEX prices have hovered right around 500M ISK for some time. If you can net 500M ISK per month, then you can play for free (or get a second account for free). However, you will do so at the expense of growth, so this is not recommended for young players.

A battleship will run you 80M-250M ISK for just the hull. Hull + fittings probably in the 150-400M and up (potentially way up) range. So, you could buy a battleship (though at 15 days old you certainly can't fly it yet). But, if you lost it, you'd be out of luck.

Most people consider a single ship with a value of 1B+ to be "expensive", and anything under 50M to be "cheap". In between, opinions vary.

So you have to ask yourself: how many ships of what value do you anticipate losing, over what time period? Then, you can answer your own question. :)
J'Poll
School of Applied Knowledge
Caldari State
#19 - 2013-03-28 18:10:17 UTC
Forest Archer wrote:
A weird question in my oppinion but I find wealth is measured in 3 ways in eve

Isk amount
Asset amount
Whether you can fund your play style

You'll hear all kinds of answer really depends if your satisfied.


This.

The wealthiest guys arent the guys with the biggest wallet or most assets. Its those who have a great time while playing eve

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
Alex Grison
Grison Universal
#20 - 2013-03-28 19:10:47 UTC
Ben Cashman wrote:
Maybe the subject header isn't the best choice for the question I have, but here goes.

I am now 15 days into the game (already subbed), and have 200 million ISK, plus I suppose a few more million in assets. I mostly mine and once in a while make an item or two to sell, its been fun.

Is 200 million ISK considered a decent amount of ISK for someone as new as me? I have no idea what a "decent" amount of ISK is in this game, or what the value of it actually is. I feel like I could lose my two ships and still comfortably replace them and still have some left over ISK. So in that regard I suppose I am doing ok.

I know there will be someone who says "NO WAY MAN I HAVE 8 TRILLION ISK AND I'VE BEEN PLAYING FOR 2 DAYS". I get that, however that doesn't really help my question.

Thanks in advanced! Sail on!


I have been playing since last june and I am worth 3.7 billion isk.

There are a lot of people with more isks than me.

and a lot of people with less isks than me.

yes
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