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Nocxium price crash
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Lornor
Fox Industries Inc.
#1 - 2013-09-19 19:14:24 UTC
The average price of Nocx in Jita has dropped from 700 to 660 overnight, and a decent number of meta 0 items seem to have tumbled as well. I haven't played much recently (moving etc.) have I missed something obvious? Why has the price dropped like a stone?
mechtech
Ice Liberation Army
#2 - 2013-09-19 19:50:35 UTC  |  Edited by: mechtech
Lornor wrote:
The average price of Nocx in Jita has dropped from 700 to 660 overnight, and a decent number of meta 0 items seem to have tumbled as well. I haven't played much recently (moving etc.) have I missed something obvious? Why has the price dropped like a stone?


-Nobody is building battleships, lowering mineral demand across the board.

-Improved mining in 0.0 with carebear renters moving in to newly established renter zones.

-Bots are on the upswing again now that Sreegs is not with CCP (just a guess, as he was the frontman of the "war on bots")

I have no particularly deep knowledge of the mineral market, but those are my general guesses. As for the overnight drop, it's anyone's guess... probably just someone dumping a ton of Nocx into an already over-saturated market. Until battleships hit build cost I'd expect minerals to keep dropping at least until the next expansion boosts demand in one way or another. The only mineral that seems to have stabilized is mex, due to its uneven ore distribution leading to a mex bottleneck for 0.0 miners/producers.
Lornor
Fox Industries Inc.
#3 - 2013-09-19 19:58:12 UTC
Thanks, this makes a lot of sense with the end of the war/test evac.
Adunh Slavy
#4 - 2013-09-20 01:57:26 UTC
In addition to mechtech's points, mining sites are very easy to find.

All mins are down, Mex is having a slight increase but will it keep going?

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Ave Kathrina
My Ass Is On Fire
#5 - 2013-09-20 04:24:10 UTC
Adunh Slavy wrote:
In addition to mechtech's points, mining sites are very easy to find.

All mins are down, Mex is having a slight increase but will it keep going?


Even with the gradual decline in minerals prices I am still making PHAT BANK on cap construction.

I'm just waiting for CCP to 'rebalance' all the T1 caps and build inherent waste in to capital component BPOS... I'l sure I'm going to get screwed at some stage.. but I should make a clear 5 billion this month for doing bascially f*&^ all.
I've done some really stupid shit in this game.
Logical Chaos
Very Italian People
The Initiative.
#6 - 2013-09-20 08:12:35 UTC
Ave Kathrina wrote:
Adunh Slavy wrote:
In addition to mechtech's points, mining sites are very easy to find.

All mins are down, Mex is having a slight increase but will it keep going?


Even with the gradual decline in minerals prices I am still making PHAT BANK on cap construction.

I'm just waiting for CCP to 'rebalance' all the T1 caps and build inherent waste in to capital component BPOS... I'l sure I'm going to get screwed at some stage.. but I should make a clear 5 billion this month for doing bascially f*&^ all.


I do not see this coming too soon. Dreads have received their buff as well as supers their nerf.

And it is in a fairly balanced state at the moment (well, considering that Supers and Titans are pretty much useless now at least).
Felicity Love
Doomheim
#7 - 2013-09-23 02:57:06 UTC
Let's hope the winter expansion contains something new in player driven economics that will get the mins market out of it's slump.

For example, those player-built jumpgates that I seem to remember being mentioned at Fanfest -- although I can see those being alot like POCO's with similar materials needs.

OTOH, maybe we'll finally see something like "Personal Residences" thats creates need for both minerals and PI products to construct, and then fuel blocks to keep them "habitable".

I wish. Roll

"EVE is dying." -- The Four Forum Trolls of the Apocalypse.   ( Pick four, any four. They all smell.  )
Diomedes Calypso
Aetolian Armada
#8 - 2013-09-23 03:40:02 UTC
mechtech wrote:
Lornor wrote:
The average price of Nocx in Jita has dropped from 700 to 660 overnight, and a decent number of meta 0 items seem to have tumbled as well. I haven't played much recently (moving etc.) have I missed something obvious? Why has the price dropped like a stone?


-Nobody is building battleships, lowering mineral demand across the board.

-Improved mining in 0.0 with carebear renters moving in to newly established renter zones.

-Bots are on the upswing again now that Sreegs is not with CCP (just a guess, as he was the frontman of the "war on bots")

I have no particularly deep knowledge of the mineral market, but those are my general guesses. As for the overnight drop, it's anyone's guess... probably just someone dumping a ton of Nocx into an already over-saturated market. Until battleships hit build cost I'd expect minerals to keep dropping at least until the next expansion boosts demand in one way or another. The only mineral that seems to have stabilized is mex, due to its uneven ore distribution leading to a mex bottleneck for 0.0 miners/producers.



Screegs left? I always liked reading Screegs. I even made and effort to read his blogs the year or two that my accounts were inactive.

I hope it was motivated by grand opportunities, not something like family illness . If it were about internal meshing of ideas hopefully the new head of this stuff is engetic, cleaver and loves the role given them (which many don't find so facinating.

.
4Chan TubeChild
Gladiators of Rage
Fraternity.
#9 - 2013-09-23 06:13:57 UTC
Mining received a non-insignificant boost with the last patch as well.
Sabriz Adoudel
Move along there is nothing here
#10 - 2013-09-23 08:02:20 UTC
Think we need some more ganking of miners, to ensure the cost of mining increases to the point that minerals become worth something again. And to make botting unprofitable.

I support the New Order and CODE. alliance. www.minerbumping.com
Maru Sha
The Department of Justice
#11 - 2013-09-24 14:39:28 UTC
Sabriz Adoudel wrote:
Think we need some more ganking of miners, to ensure the cost of mining increases to the point that minerals become worth something again. And to make botting unprofitable.


Wait ... you want to increase the price of minerals to make "botting unprofitable" ... Roll ... ?