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Lots of stuff below mineral prices...

Author
AnakieNine
Imperial Academy
Amarr Empire
#21 - 2013-06-26 15:25:11 UTC  |  Edited by: AnakieNine
I don't post often but still read these forums regularly.

Reprocessing is a lot of work (especially region buying) but if you like a challenge and think big it can pay well. I made my first 800b by reprocessing items, 3 trillion that was my net asset value from trading at the end of being an extremely active trader. I have to say 800b back then seemed a lot more than it is now though. :)
I stopped reprocessing when CCP introduced the loot/reprocessing nerf. The loot nerf dropped the amount of reprocessed minerals in domain to about 25% of what it was. Since then the loot we reprocess has been increasing for various reasons. The market is slowly increasing again and getting nearer to its old size.

IMO though it is easier now to find good items to trade in Jita. Jita is definitely not as aggressive as it used to be.

btw Raw are you back as well? It has been a while
Stonkeep
Osmanli Empire
#22 - 2013-06-26 16:44:12 UTC
Sabriz Adoudel wrote:


You picked a legitimately useful type of item. Try again with an item type no one would often fit to a ship. Frigate-sized remote armor repairers come to mind, or meta 3 or lower EWAR modules.


You are missing the point. It does not matter what item I can show as an example.

The points is, this reprocessing business will not work with sell orders. You need buy orders and than you can make money with reprocessing. Not only that, you need perfect refining, 6.67 corp standing with the station owner and great trade skills. If you have all of this, you will make money with reprocessing and like some big ones already posted here, you can make good money.
Llyandrian
Livestock Science Exchange
#23 - 2013-06-26 21:21:27 UTC

It is good way for a newbie to pad a shallow wallet, but is alot work for the returns long term.
AnakieNine
Imperial Academy
Amarr Empire
#24 - 2013-06-26 22:48:04 UTC  |  Edited by: AnakieNine
Llyandrian wrote:

It is good way for a newbie to pad a shallow wallet, but is alot work for the returns long term.


Exactly there are a lot of easier ways to make isk. You need a lot of isk to make it work and even more time. The reason I did it was because back then imo it accounted for about 30% of the mineral market. This combined with direct mineral purchases meant you could effect the mineral market and feel mineral trends early. My goal was to start doing the same in the other regions and play with the mineral markets for even larger sums of isk, but I was getting a bit bored with the markets/game and then CCP introduced the massive loot nerf.

Back then there weren't as many markets in eve. Minerals was the big one. We had T2 (mostly dominated by T2 bpo at the time), and moon goo. Now there are a "lot" more markets areas and CCP has done a good job increasing most of them.
SencneS
Viziam
Amarr Empire
#25 - 2013-07-01 20:47:51 UTC
Dolph Carebear wrote:
Spreadsheets really aren't my thing in Eve, and I prefer pew-pew over most everything in the game, but this might be a fun way to spend some time.


If you don't do Spreadsheets this type of activity is not for you.

I used an Access Database with the entire EVE Refinable item with multi-tier breakdown (For braking down T2 and capital ships into their raw components etc). From that database it pulls the current buy and sell prices from EVE's Cache into an Excel sheet. I then simply enter the price and item and Excel with the help of the database tells me if its worth buying to melt down.

Though every once and a while there was some real big screw ups or choice times when people attempted to manipulate minerals. Though, that was a long time ago it was, I think everyone got just a little bit smarter when CCP put in the "Global" Est. Price in the game.

Like someone said - It's good for new players to pad their wallet a little before doing anything else, but you can make more doing other activities.
yav at
Brutor Tribe
Minmatar Republic
#26 - 2013-07-02 08:05:01 UTC
SencneS wrote:
I used an Access Database with the entire EVE Refinable item with multi-tier breakdown (For braking down T2 and capital ships into their raw components etc). From that database it pulls the current buy and sell prices from EVE's Cache into an Excel sheet. I then simply enter the price and item and Excel with the help of the database tells me if its worth buying to melt down.
.
I've been trying to do this by hand and without API checks, because I'm still new to Eve's spreadsheet insanity. So far I'm only interested in Tech1 to Meta 4 modules as I haven't got the ISK for handling bigger goods yet. It's somehow doable but excruciatingly slow and tedious.

I haven't yet been able to use EVE Refinery as a direct replacement for this procedure, maybe it's not possible.

Would you mind trading your version of this file for ISK?
RAW23
#27 - 2013-07-02 11:00:44 UTC
AnakieNine wrote:


btw Raw are you back as well? It has been a while


Yeah. I made the mistake of subbing an account to have a chat with someone and got drawn back in to stay. Having had a year off has given me a new perspective on things and I'm having a lot more fun now. My time is pretty limited at the moment so I'm using it for things that I enjoy rather than 'challenging' myself to make more isk. Glad to see you're still around!

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

RAW23
#28 - 2013-07-02 11:02:36 UTC
yav at wrote:
SencneS wrote:
I used an Access Database with the entire EVE Refinable item with multi-tier breakdown (For braking down T2 and capital ships into their raw components etc). From that database it pulls the current buy and sell prices from EVE's Cache into an Excel sheet. I then simply enter the price and item and Excel with the help of the database tells me if its worth buying to melt down.
.
I've been trying to do this by hand and without API checks, because I'm still new to Eve's spreadsheet insanity. So far I'm only interested in Tech1 to Meta 4 modules as I haven't got the ISK for handling bigger goods yet. It's somehow doable but excruciatingly slow and tedious.

I haven't yet been able to use EVE Refinery as a direct replacement for this procedure, maybe it's not possible.

Would you mind trading your version of this file for ISK?


While databases add convenience and speed, spending some time working things out by hand gives you a much more intimate understanding of the markets.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

AnakieNine
Imperial Academy
Amarr Empire
#29 - 2013-07-02 11:28:58 UTC
RAW23 wrote:

Yeah. I made the mistake of subbing an account to have a chat with someone and got drawn back in to stay. Having had a year off has given me a new perspective on things and I'm having a lot more fun now. My time is pretty limited at the moment so I'm using it for things that I enjoy rather than 'challenging' myself to make more isk. Glad to see you're still around!


Sounds a lot like me. One month before the patch I got drawn back in as well. I have re-subbed a few accounts just to make life a little easier for the few hours I get back on.

Good to see you back.
SencneS
Viziam
Amarr Empire
#30 - 2013-07-02 14:46:51 UTC
yav at wrote:
Would you mind trading your version of this file for ISK?


RAW23 wrote:
While databases add convenience and speed, spending some time working things out by hand gives you a much more intimate understanding of the markets.


I have to agree with RAW here. Working this stuff out gives you an undeniable understanding of the market, something no one can really teach you effectively. The refine/reprocess amounts are available to anyone and are public knowledge..

You can start here - http://games.chruker.dk/eve_online/market.php
An example of what you're looking for is here - http://games.chruker.dk/eve_online/item.php?type_id=11325
Scroll the bottom of the page look under "Recycle Output"

I'll give you a small tip here which may be a little more complex than you'll want it to be. Make sure you use the entire price of the item and break down each component into their worth. I'll use that 1600mm plate as an example.

Lets assume you pay the "Market Price" (At the top of the page) of 923,293 ISK

Each of the minerals it breaks down into also has a market price. Your first step is to work out it's price according the market price of the minerals. - Which according to Chrukers is - 940,177 ISK. So you could melt it down, and sell the minerals and make a 16,884 ISK profit.

Advance Pricing :-
You should note, this is not required unless you plan on using the minerals to manufacture items.
You need to work out the price of each mineral according to their contribution your overall cost.

To do that, you need to do the following.
[Individual Mineral Market Price] * ( [Total Cost] / [Total Market Value] )

That sounds and looks worse than it really is, here is the Trit part of the 1600mm Plate.
Trit has a market value of 5 ISK.
Your cost was 923,293 ISK
The value of the minerals broken down is 940,177 ISK.

Your formula for Trit would look like this - 5 * ( 923,293 / 940,177 ) = 4.92 (Rounded up)

Your per unit mineral cost if you did the above for each mineral would be:-
Tritanium 4.92 ISK
Pyerite 12.77 ISK
Mexallon 41.25 ISK
Isogen 145.35 ISK
Zydrine 921.16 ISK
Megacyte 2299.95 ISK

There are many ways to do this exact thing, this is the fastest.
Armed Trader
Noticeably Insane Miners' League
#31 - 2013-07-02 15:49:24 UTC
It's fun to see all of my competition commenting in this thread.

I will say if you put effort into it, you can make 500m to 1b a day, but you are looking at less than 10k profit margin with perfect skills and high standing on most of the items.

spreadsheets and the mouse scroll wheel are your friends.
RAW23
#32 - 2013-07-02 16:35:58 UTC
SencneS wrote:

I have to agree with RAW here.


Shocked

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

SencneS
Viziam
Amarr Empire
#33 - 2013-07-02 17:04:17 UTC
RAW23 wrote:
SencneS wrote:

I have to agree with RAW here.


Shocked


You always thought I disagreed with everything you said, that was never the case Lol
Only when there was something fundamentally conflicting with my believe and experience, did I disagree.

There was a time I just hated churning out the same answer to your re-worded same questions. Either way, we both know where each other stands on a lot of things. Straight
RAW23
#34 - 2013-07-02 17:26:16 UTC
I was kidding. I was just vaguely amused that the first time I saw you post on MD for over a year was agreeing with me about something. Good to see you're still around. Just ... let's try not to discuss anything we don't agree on Blink

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

yav at
Brutor Tribe
Minmatar Republic
#35 - 2013-07-02 23:39:47 UTC
SencneS wrote:
You can start here - http://games.chruker.dk/eve_online/market.php
An example of what you're looking for is here - http://games.chruker.dk/eve_online/item.php?type_id=11325
Scroll the bottom of the page look under "Recycle Output"

I'll give you a small tip here which may be a little more complex than you'll want it to be. Make sure you use the entire price of the item and break down each component into their worth. I'll use that 1600mm plate as an example.

Lets assume you pay the "Market Price" (At the top of the page) of 923,293 ISK

Each of the minerals it breaks down into also has a market price. Your first step is to work out it's price according the market price of the minerals. - Which according to Chrukers is - 940,177 ISK. So you could melt it down, and sell the minerals and make a 16,884 ISK profit.
First of all, thanks for the response. I was already asking in the Eve-Uni Chat and googling for a recycling output database but haven't found anything with a somewhat complete set of data. The ISK values don't seem up to date, but there are plenty of other sources for that.

I'm selling the minerals as I don't have too many market order slots available and my skill training/attributes/implants are aimed in a different direction. I'm not sure yet if the added amount of work for selling minerals with sell orders is worth the effort or if I should stick to selling directly to buyers. Only one way to find out.

Now I'll have to input the recycling data for all the items that are of interest to me, create a formula that compares prices while considering waste and taxes, learn how to import Eve-central prices and then think of the best areas and ranges for my buy orders. Sounds like a piece of cake.
Adunh Slavy
#36 - 2013-07-03 00:08:23 UTC
yav at wrote:
[quote=SencneS]I'm not sure yet if the added amount of work for selling minerals with sell orders is worth the effort or if I should stick to selling directly to buyers. Only one way to find out.



Check the spread between buy and sell. If it is very narrow, then the fees and taxes may be more expensive than the spread. If you think a market will go up, you can sell above current sell orders.

If you have a use for that money, that will return more than waiting on the market to reach your hopeful sell price, then invest the money into the other venture.

If the money is just going to sit around in your wallet and do nothing, then by all means use sell orders and sell at what you hope will be the sell price in a reasonable time frame.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Rhivre
TarNec
Invisible Exchequer
#37 - 2013-07-03 00:32:01 UTC
You can check the difference wrt minerals by checking the "Simple" sell price, this is direct to a buy order, and then setting the advanced screen, and entering the price.

if its not much difference, then the effort is not usually worth it
yav at
Brutor Tribe
Minmatar Republic
#38 - 2013-07-04 13:45:37 UTC  |  Edited by: yav at
If someone is updating his BOs regularly in comparatively huge increments (1-10k ISK each, multiple times a day over the past few days), is that a sign of someone trying to manipulate the market longterm in some kind of way?
If so, what might that person be trying to achieve with higher BO prices? Getting rid of a stockpile for a higher price?

People seem really eager to trump the overpriced BOs without much thought.
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