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PI - Station Tading & Mining simaltaneously - Seeking Advice.
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Evander Wolf
Collapsed Out
Pandemic Legion
#1 - 2013-07-12 11:54:33 UTC
Hello!

First post! Nice to meet you all.

I started the game with 60m isk from a friend and got into Station trading, I think it's been working well, I've turned it into about a billion isk's worth of investment in 26 days, making about 100m per day.Lately I've caught on to the idea that I could potentially do something else while ranged station trading to maximise my profit even further. The problem is I'm not quite sure what to try and could use a little advice. I'm experimenting with Mining and PI currently.

Now, I'm not sure if I should go down the route of extensive mining or building PI infrastructure in wormholes or 0.0 space, as far as I know a wormhole can close at any moment and therefore may not be my best bet for wanting to do it alongside ranged station trading in the forge. Is PI worth it out in 0.0 space with the long travel times? Can I manage it from a distance and collect it in bulk all in one go? I do plan to get a freighter.

My central goal here is for me to do something/anything profitable, while still being able to easily station trade & update my orders in the forge at Jita. I'd really appreciate any advice.

Looking forward to hearing any ideas the geniuses can spare.



Regards,
Evander.
arabella blood
Keyboard Jihad
#2 - 2013-07-12 12:17:02 UTC
Evander Wolf wrote:
Hello!

First post! Nice to meet you all.

I started the game with 60m isk from a friend and got into Station trading, I think it's been working well, I've turned it into about a billion isk's worth of investment in 26 days, making about 100m per day.Lately I've caught on to the idea that I could potentially do something else while ranged station trading to maximise my profit even further. The problem is I'm not quite sure what to try and could use a little advice. I'm experimenting with Mining and PI currently.

Now, I'm not sure if I should go down the route of extensive mining or building PI infrastructure in wormholes or 0.0 space, as far as I know a wormhole can close at any moment and therefore may not be my best bet for wanting to do it alongside ranged station trading in the forge. Is PI worth it out in 0.0 space with the long travel times? Can I manage it from a distance and collect it in bulk all in one go? I do plan to get a freighter.

My central goal here is for me to do something/anything profitable, while still being able to easily station trade & update my orders in the forge at Jita. I'd really appreciate any advice.

Looking forward to hearing any ideas the geniuses can spare.



Regards,
Evander.


If you look at the skills that allow remote trading - you will see they limit you to the region.
so anything you can do in the region could be done while station trading.

But i suspect mining is actually the way to go.

Troll for hire. Cheap prices.

Daniel Plain
Doomheim
#3 - 2013-07-12 12:36:35 UTC
if we are talking one account, your best option is to sit and mine in the same region and have your PI set up in the same system where you mine. sometimes when i'm bored, this is exactly what i do.

if you are willing to start a second account, you can do pretty much anything anywhere and just alt-tab to your trader once every 10 minutes or so...

I should buy an Ishtar.
Evander Wolf
Collapsed Out
Pandemic Legion
#4 - 2013-07-12 12:39:06 UTC
arabella blood wrote:
Evander Wolf wrote:
Hello!

First post! Nice to meet you all.

I started the game with 60m isk from a friend and got into Station trading, I think it's been working well, I've turned it into about a billion isk's worth of investment in 26 days, making about 100m per day.Lately I've caught on to the idea that I could potentially do something else while ranged station trading to maximise my profit even further. The problem is I'm not quite sure what to try and could use a little advice. I'm experimenting with Mining and PI currently.

Now, I'm not sure if I should go down the route of extensive mining or building PI infrastructure in wormholes or 0.0 space, as far as I know a wormhole can close at any moment and therefore may not be my best bet for wanting to do it alongside ranged station trading in the forge. Is PI worth it out in 0.0 space with the long travel times? Can I manage it from a distance and collect it in bulk all in one go? I do plan to get a freighter.

My central goal here is for me to do something/anything profitable, while still being able to easily station trade & update my orders in the forge at Jita. I'd really appreciate any advice.

Looking forward to hearing any ideas the geniuses can spare.



Regards,
Evander.


If you look at the skills that allow remote trading - you will see they limit you to the region.
so anything you can do in the region could be done while station trading.

But i suspect mining is actually the way to go.


That's what I thought, but now I'm wondering about whether it might be more worthwhile to set up a group of PI's in a far 0.0 location, somehow manage them from a distance while remaining in The forge or a region next to it like I would in a station trade and collect the resources with a freighter or hauler once every few days.
Daniel Plain
Doomheim
#5 - 2013-07-12 12:41:13 UTC  |  Edited by: Daniel Plain
i'm not 100% fit on the exact mechanics but as far as i am aware, you cannot manage your PI from too far away. more experienced people will correct me if i'm wrong.
edit: also consider setting up PI alts, no reason to waste character slots.

I should buy an Ishtar.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#6 - 2013-07-12 12:47:25 UTC
I would suggest you consider doing some manufacturing.
Daniel Plain
Doomheim
#7 - 2013-07-12 13:26:35 UTC
Bad Bobby wrote:
I would suggest you consider doing some manufacturing.

also true, and also stacks with mining and PI.

I should buy an Ishtar.
Kadl
Imperial Academy
Amarr Empire
#8 - 2013-07-12 14:34:06 UTC
Daniel Plain wrote:
i'm not 100% fit on the exact mechanics but as far as i am aware, you cannot manage your PI from too far away. more experienced people will correct me if i'm wrong.
edit: also consider setting up PI alts, no reason to waste character slots.


I have not seen any distance limitations on PI. You can certainly do it from a different region.
Fozzy Dorsai
Friendly but Irritating
#9 - 2013-07-12 17:08:03 UTC
You mentioned Jita so I'll assume you want to stay in the Forge to keep track of your trading. So:
1) Make sure you have your remote trading skills set so that you can start and modify and order from anywhere in the region.
2) Mine in the region
3) PI in low-sec areas of the region.
Yes, low-sec isn't as good as WH or Null, but if you want to keep an eye on your trades and not have another account to manage then it's a lot better than hi-sec PI. I'd also suggest training for a cloaky to make it a bit more survivable picking up your PI loot.

Note: Missioning is also good to do while trading, especially for Caldari Navy as it will save you some trading expenses in Jita.
Ashina Sito
Center for Advanced Studies
Gallente Federation
#10 - 2013-07-12 21:37:05 UTC
On remote PI

- You must be in system in space uncloaked to drop a command center.

- You must be in system in space (cloaked or not) to transfer goods up or down to the planet from the Customs Office.

- You have to take the goods out of the Customs Office yourself so you must be able to be in system at the CO to collect.

- If your new hauling from 0.0/low will be difficult to imposable (every level of PI up reduced m3 of your goods so having a full chain is better then selling off materials at lower PI levels.) without a cloaky hauler (minimum) or a Jump Freighter.

- You can manage your planet from anywhere (restart extractors, change manufactured items, build everything outside of the command center)

- If the 17% tax rate works from a profit perspective you can buy components off the market (at any PI level) and produce higher up goods to sell.

- Your not going to be able to replace the Customs Offices alone.

- You can use a jump clone to hop out to wherever you have PI and get things done. You lose 24 hours doing your market adjustments if you do this.

Taxes can kill all your profit in any area of space. You get more out of WH/Null then you do out of low with high being worst but, just manufacturing goods and not extracting can be done anywhere.

Nothing is keeping you from doing PI and Mining while doing your station trading.
joffre lannister
ARAZ Engineering
#11 - 2013-07-12 23:03:33 UTC
(You can be cloaked while placing command center)


But @OP mining is a great source of income and doesnt require a lot to get started unless you get into exhumers which take a while to skill up.
Woeful Animation
Ascendent.
Test Alliance Please Ignore
#12 - 2013-07-15 23:11:30 UTC  |  Edited by: Woeful Animation
PI takes very little time to train, and is such a small investment, that I don't see why everyone doesn't do this on some level, which includes station traders.

It takes less than an hour a week to maintain. With a storage facility and rocket pad, you can go weeks at a time without moving the commodity to market. I move PI about twice a month. which takes me about 1-2 additional hours to launch -- pick up and haul to market.

Mining also makes great sense. A high sec, retriever with a strip miner grinding through a 3 minute cycle, sure there is time to watch and adjust your trades. Mining generates about 10 million an hour. Its a great way to increase your profits with little or no risk.
Rhivre
TarNec
Invisible Exchequer
#13 - 2013-07-15 23:16:56 UTC
I have some PI running, but, mostly the items can be bought and traded cheaper than doing them via PI.

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