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Anyone care to explain the curren trit/pye/mex situation?

Author
Danni stark
#21 - 2013-04-30 17:59:04 UTC
Zedutchman wrote:
I'm unconvinced about Ice pricing rising...

Considering they are increasing collection speed to 2x.

Although the prices will increase because people think they will increase. Which is why player driven markers are fundamentally flawed to speculation. You only have to convice people a market swing will happen and it become a self-fulfilling prophecy.


i mean, a 20% supply deficit between high sec ice mining and total demand is absolutely no reason for an increase in price, right?
Zedutchman
Aliastra
Gallente Federation
#22 - 2013-04-30 18:15:33 UTC  |  Edited by: Zedutchman
Danni stark wrote:


i mean, a 20% supply deficit between high sec ice mining and total demand is absolutely no reason for an increase in price, right?



It's A reason, but when gathering speed is going to drastically increased I think it will offset. After all Time is the only real resource in eve.

I'd be interested to find out what percentage of Ice comes from High sec now. I can't imagine EVERY block of ice comes from Empire.

A 20% Supply deficit and a 100% production increase should more than offset. If it wasn't for the Ice-botters and AFKers I'd bet on a price decrease.

At least after the speculation stabilizes.
Haulie Berry
#23 - 2013-04-30 18:16:55 UTC
Zedutchman wrote:
Danni stark wrote:


i mean, a 20% supply deficit between high sec ice mining and total demand is absolutely no reason for an increase in price, right?



It's A reason, but when gathering speed is going to drastically increased I think it will offset. After all Time is the only real resource in eve.

I'd be interested to find out what percentage of Ice comes from High sec now. I can't imagine EVERY block of ice comes from Empire.

A 20% Supply deficit and a 100% production increase should more than offset. If it wasn't for the Ice-botters and AFKers I'd bet on a price decrease.

At least after the speculation stabilizes.


Per CCP Fozzie:
Currently 98.4% of all isotope ice is mined in highsec.

While highsec uses less than 10% of the isotopes in EVE.
Kara Books
Deal with IT.
#24 - 2013-04-30 18:25:18 UTC
yes

Trit takes a massive hit of 15-25%
mex 5-10
pyerite 10-20% cos it was going up before devblog

the end
Danni stark
#25 - 2013-04-30 18:48:26 UTC
Zedutchman wrote:
Danni stark wrote:


i mean, a 20% supply deficit between high sec ice mining and total demand is absolutely no reason for an increase in price, right?



It's A reason, but when gathering speed is going to drastically increased I think it will offset. After all Time is the only real resource in eve.

I'd be interested to find out what percentage of Ice comes from High sec now. I can't imagine EVERY block of ice comes from Empire.

A 20% Supply deficit and a 100% production increase should more than offset. If it wasn't for the Ice-botters and AFKers I'd bet on a price decrease.

At least after the speculation stabilizes.


the rate of obtaining ice is irrelevant. if there is no ice to mine, it's irrelevant how fast ice lasers cycle.
RubyPorto
RubysRhymes
#26 - 2013-04-30 18:51:07 UTC
Zedutchman wrote:
Danni stark wrote:


i mean, a 20% supply deficit between high sec ice mining and total demand is absolutely no reason for an increase in price, right?



It's A reason, but when gathering speed is going to drastically increased I think it will offset. After all Time is the only real resource in eve.

I'd be interested to find out what percentage of Ice comes from High sec now. I can't imagine EVERY block of ice comes from Empire.

A 20% Supply deficit and a 100% production increase should more than offset. If it wasn't for the Ice-botters and AFKers I'd bet on a price decrease.

At least after the speculation stabilizes.



The quantity supplied from HS will be fixed at 80% of current EVE wide consumption. The production increase just means that you'll spend less barge-hrs supplying that quantity.

And CCP Fozzie posted in a GD thread that HS currently supplies ~98% of Ice and consumes ~15%.

"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

Bugsy VanHalen
Society of lost Souls
#27 - 2013-04-30 20:04:52 UTC
Danni stark wrote:
Zedutchman wrote:
I'm unconvinced about Ice pricing rising...

Considering they are increasing collection speed to 2x.

Although the prices will increase because people think they will increase. Which is why player driven markers are fundamentally flawed to speculation. You only have to convice people a market swing will happen and it become a self-fulfilling prophecy.


i mean, a 20% supply deficit between high sec ice mining and total demand is absolutely no reason for an increase in price, right?

Assuming 20% or the current ice is not mined in null already.I believe the current ICE supply is closer to 70/30 than 80/20. If so the supply will be fine.

Just because null sec industry is difficult and not popular, does not mean it is not done.

I lived in null for two years and did plenty of mining while I was there. Both ICE and ORE. There is a decent supply of null sec ice in Jita, and that is only the surplus of what is mined in null sec now. Considering the demand for ice products in null. For POS fuel, Jump Bridge Fuel, capital ships jump drives, and stront for towers and siege modules. Not to mention the high bulk volume of ice products, I would think that the amount of ICE currently mined in Null sec is well above the 20% mark.

When I was in null the local ICE belt we had access to always had at least 1 active fleet in it. Look at the number of null sec systems that have a high mining index. You have to actually mine in null to get that index up. And it takes more than just a little mining. We had regular mining ops of 15-20 players mining for 2-3 hours just to keep our index at 4. And there are systems with the mining index at 5. Not to mention the fact that all high end minerals available in high sec had to come from null sec miners.

The simple fact that there has recently been enough surplus of high end minerals to allow low end ores to over take the highend null sec ores in value. The amount of mining that happens in null sec may be small compared to high sec, but it does happen. And on a much larger scale than many players believe.

Personally I believe that more than 20% of the current ICE available is mined in null sec now, so the fact that the supply in high sec will only meet 80% of the demand will not be a problem. Considering the demand for ICE in high sec is far less than 80% of the overall demand. In fact I believe it is probably the other way around, I think 80% of the ICE products used in game are used in null sec.The only need for ice products in high sec is for POS fuel. Most of those POSes are caldari. Yet we never really saw a higher demand for nitrogen isotopes than the others. Why? Because the other ICE types are in higher demand in null sec, balancing out the high demand from Caldari Towers in high sec. Minmatar towers are the preferred deathstar towers, While Amarr and Galente towers are used more for moon mining and reactions due to the silo bonuses.

Mind you with an unlimited supply high sec ice miners would just mine more white glaze if it was in higher demand. Keeping things balanced. But that will not be possible when this change happens. only 25% of the ICE available in high sec will be white glaze. So if the consumption of white glaze is more than 25% of the supply, which I think it will be, there will be a shortage of nitrogen isotopes. Luckily Caldari ships are the least popular capitals. So the demand for nitrogen isotopes in null sec is low. We will just have to wait and see which way it goes. But I expect the current price fluctuations driven by speculation will have very little impact once the market has time to balance out.

The biggest potential bottle neck I see for high sec is for Caldari ICE, as I assume from the developer blog that the ICE supply will be balanced for each race, only 25% of the supply will be of any one type of ICE. So there should be a surplus of all the other ICE, but a shortage for caldari (White Glaze) ICE. If only 25% of the ICE in high sec is White Glaze, but 80% of the POSes need nitrogen isotopes, then it makes sense there will be a shortage there. I see White Glaze being worth twice as much as the other high sec ICE, when the market levels out.
Danni stark
#28 - 2013-04-30 20:07:01 UTC  |  Edited by: Danni stark
Bugsy VanHalen wrote:
Danni stark wrote:
Zedutchman wrote:
I'm unconvinced about Ice pricing rising...

Considering they are increasing collection speed to 2x.

Although the prices will increase because people think they will increase. Which is why player driven markers are fundamentally flawed to speculation. You only have to convice people a market swing will happen and it become a self-fulfilling prophecy.


i mean, a 20% supply deficit between high sec ice mining and total demand is absolutely no reason for an increase in price, right?

Assuming 20% or the current ice is not mined in null already.I believe the current ICE supply is closer to 70/30 than 80/20. If so the supply will be fine.

[stuff]

Personally I believe that more than 20% of the current ICE available is mined in null sec now,



its not, you're wrong.

ccp fozzy confirmed over 95% of ice is mined in high sec, or isotopes, which is essentially the same thing.
Huttan Funaila
Caldari Provisions
Caldari State
#29 - 2013-04-30 20:39:28 UTC
One of the blog posts that RubyPorto is referring to is:
Quote:
At our current numbers, the maximum supply of ice from highsec (assuming that each belt is mined out completely five times a day) would provide approximately 80% of the game's ice needs, ensuring that at least some of the ice mining must be undertaken in lower security space. For context, this means that highsec will still be a large exporter of ice products, being able to generate eight times the volume of isotopes used by highsec control towers.

http://community.eveonline.com/news/dev-blogs/resource-shakeup-blog#ICE
This one also lists the changes to the unwanted ore that must be mined in order to mine out the grav sites generated with infrastructure hub upgrades.

Also:
http://community.eveonline.com/news/dev-blogs/resource-companion-blog

Finally, Mynnna (now on CSM) has a post with some tables showing the approximate amount of minerals consumed in New Eden as well as showing the i-hub mining sites (they come in the 5 sizes shown):
http://themittani.com/features/economic-implications-odyssey

For an explanation of how the infrastructure hub upgrades work for mining, and what they do, I refer you to this PDF:
http://go-dl.eve-files.com/media/1205/Bloodtear_Industy_Index_Report_v3.pdf
Version 4 will be different when the new asteroid compositions go live.

Quote:
If you have a stock pile of a few hundred million units of trit
When our corp left null a couple months ago, I sold off my stockpile of 45 million units of trit. I'm "little people" and by the end of our tenancy, the only miner left in my corp. I did some ice mining as well, but mostly just to get supplies for cyno and jump fuel. And as an aside, I was never able to get our system to turn on even the first level of industry upgrades for our system - so all of our minerals came from mining ordinary asteroids in belts and rat convoys.
mama guru
Yazatas.
#30 - 2013-04-30 21:16:05 UTC
This is all good though, the prices have exploded since the droneland nerfs. CCP removed a huge source of minerals without adding something to compensate and as a result prices exploded across the board.

This is merely readjusting the values as Nullsec mining will be alot more profitable. Which it should be given the risks.

EVE online is the fishermans friend of MMO's. If it's too hard you are too weak.

Mithril Ryder
Genstar Inc
#31 - 2013-04-30 21:32:34 UTC
Ekaterina 'Ghetto' Thurn wrote:
Skorpynekomimi wrote:
Because they're normalising after a series of huge rises.


If you didn't go to Fanfest this year and attend Dr Eyjo the CCP economist for EVE talk on the economy of New Eden over the past decade I suggest you look it up on the youtube page.
In short Dr Eyjo explained and proved to us all that prices have stayed fairly steady across the board and that the current prices, including mineral prices, are not high or inflated at all. Cool


Slavery is freedom, war is peace. Yes, I've heard that speech before.
Styth spiting
Brutor Tribe
Minmatar Republic
#32 - 2013-04-30 22:22:51 UTC  |  Edited by: Styth spiting
Silitia Dais wrote:
Why are the prices dropping like fly?

I understand odyssey is coming but why would the prices now?


Prices are dropping because everyone is trying to unload trit before it drops any lower.

From my estimates comparing the amount of Zyd on the market over a series of days (prior to fanfest) and assuming 90% of zyd is from mining, just from the trit increased to Arkonor we will have an additional 5% of trit from current mining trends.

Keep in mind this only accounts for the zyd on the market at the time. It doesn't even count the amount of zyd sold though the day, or zyd mined and used in manufacturing. A safe assumption will be an increase of at minimum 10% of trit now magically being produced, but I would speculate it is closer to 15%.

So this means once the patch hits (and everyone refines their ores they have been mining the last two weeks, because the mined ores will be updated with the new values) there will be a huge flood of trit (and pye) and prices of trit and pye are going to fall.

From my figures with these changes CCP is trying to change where minerals come from to be split across null/wh, low and highsec to be 50% null/wh, 25% lowsec, 25% highsec (which wont happen, it wil be more like 65% null/wh 5% lowsec, 30% highsec) compared to what they have been which is more like 55% highsec, 5% lowsec 40% null/wh
Styth spiting
Brutor Tribe
Minmatar Republic
#33 - 2013-04-30 22:35:08 UTC
Zedutchman wrote:
I'm unconvinced about Ice pricing rising...

Considering they are increasing collection speed to 2x.

Although the prices will increase because people think they will increase. Which is why player driven markers are fundamentally flawed to speculation. You only have to convice people a market swing will happen and it become a self-fulfilling prophecy.


1) players with massive mining fleets of alts will no longer be able to mine hours non-stopped (there are people with 50+ fleets, some with 100+). These players will now at maximum be able to mine 1 hour in an ice belt with a 4 hour wait in between before having to move the fleet to a new system/belt that hasn't allready been minded.

2) Like above bots will no longer be able to mine all day, every day and will be limited to only a few hours each day.

3) Because there is less ice flooding the market prices will go up. fewer people driving the prices down to sell ice products faster means higher prices.
RubyPorto
RubysRhymes
#34 - 2013-04-30 23:40:29 UTC
Bugsy VanHalen wrote:

Assuming 20% or the current ice is not mined in null already.I believe the current ICE supply is closer to 70/30 than 80/20. If so the supply will be fine.


Personally I believe that more than 20% of the current ICE available is mined in null sec now, so the fact that the supply in high sec will only meet 80% of the demand will not be a problem. Considering the demand for ICE in high sec is far less than 80% of the overall demand. In fact I believe it is probably the other way around, I think 80% of the ICE products used in game are used in null sec.



You're off by a factor of 10.

CCP Fozzie wrote:
Currently 98.4% of all isotope ice is mined in highsec.

While highsec uses less than 15% of the isotopes in EVE.

https://forums.eveonline.com/default.aspx?g=posts&m=2955377#post2955377


1.6% of Ice is mined in LS/Null.

"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

Felicity Love
Doomheim
#35 - 2013-05-01 00:24:46 UTC  |  Edited by: Felicity Love
Some people tend to forget that FUEL BLOCKS aren't the only use for isotopes in Low and Null.

As I somehow doubt every single block of ice will be mined on any given day, and that there are any number of ways to disrupt that supply -- 20% should be considered a very optimistic number. I give it more like 25% to account for things like unmined ice, ganked freighters full of isotopes, and other forms of "interdiction".

The curious may have read a certain blog that expects isotopes are headed well above the 1000 ISK/ unit level. Bet on it, even after a few inevitable swings in price. Blink

"EVE is dying." -- The Four Forum Trolls of the Apocalypse.   ( Pick four, any four. They all smell.  )

Soldarius
Dreddit
Test Alliance Please Ignore
#36 - 2013-05-01 00:33:09 UTC
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/thread

http://youtu.be/YVkUvmDQ3HY

DeLindsay
Galaxies Fall
#37 - 2013-05-01 03:46:24 UTC
I remember when Trit was 3.25, how old am I lol.

The Operative: "There are a lot of innocent people being killed in the air right now".

Capt. Malcolm Reynolds: "You have no idea how true that is".

Danni stark
#38 - 2013-05-01 06:02:19 UTC
DeLindsay wrote:
I remember when Trit was 3.25, how old am I lol.


that was only about a year ago.
Gnoshia
Caldari Provisions
Caldari State
#39 - 2013-05-01 07:24:20 UTC
Zedutchman wrote:
I'm unconvinced about Ice pricing rising...

Considering they are increasing collection speed to 2x.

Although the prices will increase because people think they will increase. Which is why player driven markers are fundamentally flawed to speculation. You only have to convice people a market swing will happen and it become a self-fulfilling prophecy.


80% of all the ice needed for everything and everyone in the game to function will come from high sec. This means the other 20% will come from low and null meaning that price on ice will certainly rise. If no one in null is mining ice, then you bet your balls null ice will go waaaaaaaaay up in value reaaaal quick like.
DeLindsay
Galaxies Fall
#40 - 2013-05-01 07:30:33 UTC
Danni stark wrote:
DeLindsay wrote:
I remember when Trit was 3.25, how old am I lol.


that was only about a year ago.


And 5+ years ago so it's fair to say it'll be there again in the future.

The Operative: "There are a lot of innocent people being killed in the air right now".

Capt. Malcolm Reynolds: "You have no idea how true that is".

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