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How to make my mining more profitable.
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Ki're Suahien
Center for Advanced Studies
Gallente Federation
#1 - 2011-11-17 21:06:54 UTC
Hi all, I'm looking for some advice into how I can make my mining profitable.

Basically, for income I mine on an alt while doing homework/watching TV. It's easy, I do it in highsec so I don't really have to pay attention, but I still make money. He just got into a retriever.

I'm a little confused on 1) what ores I should be mining and 2) what I should be doing with them.

1) I pretty much mine whatever. Plagiocase, Veldspar, Scordite etc. and all the various dense/rich things that go with it? Is there one ore that is most profitable, and should I focus on that one?

2) I usually mine my ore, drop it off in the closest station, and head back to my belt. Then I sell all the ore as is in the station.

Instead, what should I actually do with it? I feel like this is just the lazy/inefficient way of doing it. Do I train for a freighter and ship it to a hub? Do I just contract it out and let them ship it to a hub?

What exactly is refining, should I train it, and then refine my ore and then sell it?

Or, alternatively, do I just start training for a Hulk and then work on what to do with the ore?
Tau Cabalander
Retirement Retreat
Working Stiffs
#2 - 2011-11-17 21:24:58 UTC  |  Edited by: Tau Cabalander
1. Go to http://ore.cerlestes.de/ and sort by price per m3.
2. Ideally get a second account trained for an Orca. It boosts mining and hauls so you never have to stop mining. Train second account for a Bestower + expanded cargoholds + cargo rigs first (takes about 2 days or less) to haul while training for an Orca.

A second account can really be handy. For example: me and my shadow that follows me around to assist me with mining, salvaging, exploration (hacking and archaeology), PI, research, manufacturing, and hauling. My shadow has no combat skills other than drones.

Working to get your refining skills up, so you can refine ore and sell minerals, would be a good step. Minerals are a lot smaller, so easier to haul to a trade hub for sale, where you often get a better price.

In the reprocessing window (make sure the facilities are 50 percent in the top right corner):
* Unrecoverable = lost because of poor skills
* We Keep = lost because of poor standing (less than 6.67)
Evei Shard
Shard Industries
#3 - 2011-11-17 21:34:49 UTC
You'll be able to haul much more if you refine the ores. However you will get a really poor refine if you haven't trained skills like Refining (to V), Refinery Efficiency, and the ore specific processing skills.
Until those are trained, try and stockpile the ore. Make sure that the station you stockpile it at has a refinery that has a 50% base (some have 35%).

Run missions with that alt. Mining, distribution, or even combat if the skills allow it. Get your standings with that station as high as possible to decrease the tax rate you get when refining (in order to get 0% tax, you need close to 7.0 standings).

Take a little extra time and watch the market. Use the price history tab. Set your larger orders to a 3month time period and let them sit.

Setting aside the Hulk issue, I'd suggest training the following: Refiner V, Refinery Efficiency V, and Veldspar Processing V.
Then mine veldspar.
Look at the skills required to use Modulated Strip Miner II's and the related mining crystals (starting with veld). Refining and ore processing skills are required, but those turrets and crystals will increase your ore intake by a decent amount.

Not the perfect advice, but some stuff to look into. Hope it helps

Profit favors the prepared
mxzf
Shovel Bros
#4 - 2011-11-17 22:16:11 UTC
I suggest Googling and finding the "Complete Miner's Guide", it's pretty much the Bible of mining in Eve. I don't feel like looking for a link myself right now, but it's out there and it will tell you anything you could want to know about mining in Eve.
Tau Cabalander
Retirement Retreat
Working Stiffs
#5 - 2011-11-17 22:56:59 UTC
mxzf wrote:
I suggest Googling and finding the "Complete Miner's Guide", it's pretty much the Bible of mining in Eve. I don't feel like looking for a link myself right now, but it's out there and it will tell you anything you could want to know about mining in Eve.

No need to Google.

Halada's The Complete Miner's Guide 3.1 (Extended Edition)
http://go-dl.eve-files.com/media/corp/TauCabalander/completeminersguidev31.pdf

Industrial Sized Knowledgebase is also useful for new players, and old:
http://www.isktheguide.com/
Evei Shard
Shard Industries
#6 - 2011-11-17 23:01:18 UTC
Tau Cabalander wrote:
Halada's The Complete Miner's Guide 3.1 (Extended Edition)
http://go-dl.eve-files.com/media/corp/TauCabalander/completeminersguidev31.pdf


Thanks for the link. Time for a long read to find out how much I did wrong over the past couple years.

Profit favors the prepared
Esunisen
Les Tueurs de Killer
#7 - 2011-11-20 10:42:30 UTC
If you mine for isk, go for veldspar only, in a 1.0 system.

The best income is with pyroxeres but there's not such a big difference (20% more isk or so).

Put as many mining upgrades as you can and use GSCs (no jettison) to store the ore, then come back with a hauler when they're full. Use the same number of GSCs in the hauler.

At station, you'll need a 50% refinery, refining skills for veldspar and excellent standing with the owning corp.
Heun zero
MAYHEM BOYZ
#8 - 2011-11-20 11:03:16 UTC
Evei Shard wrote:


Setting aside the Hulk issue, I'd suggest training the following: Refiner V, Refinery Efficiency V, and Veldspar Processing V.
Then mine veldspar.


Unless I'm mistaken you wont actually have to train veldspar processing to lvl 5 to get a perfect refining effeciency while in a station that starts out with a 50% refining yield. veldspar processing (and the processing skills for any other ore) will do at lvl 3 and still get a perfect refining effeciency
Scrapyard Bob
EVE University
Ivy League
#9 - 2011-11-20 13:45:55 UTC
Heun zero wrote:

Unless I'm mistaken you wont actually have to train veldspar processing to lvl 5 to get a perfect refining effeciency while in a station that starts out with a 50% refining yield. veldspar processing (and the processing skills for any other ore) will do at lvl 3 and still get a perfect refining effeciency


Correct. Basically, at a 50% refine station (the best possible), you need 11 points in any of the following 3 skills:

Refine
Refinery Efficiency
ore-specific processing skill

Since you need Refine V before you can train Refinery Efficiency I, you'll be starting with at least 6 points (R5 + RE1). Then you just have to spread 6 points between the ore-specific skill and the Refinery Efficiency skill. So any combination of: R5 RE2 Veld Processing IV or R5 RE3 VP3 or R5 RE4 VP2, etc.

Personally, I recommend Refine V, Refine Eff III, then ore-specific III skills, so that you can use the T1 crystals and get perfect refine. Then work on getting your standings up to 6.67 so that you also pay zero-tax.
Flurk Hellbron
Science and Trade Institute
Caldari State
#10 - 2011-11-20 16:10:58 UTC
Join a mining corp.
They have orca's that can store and haul for you.
Senshi Hawk
KarmaFleet
Goonswarm Federation
#11 - 2011-11-20 17:28:41 UTC  |  Edited by: Senshi Hawk
Esunisen wrote:
Put as many mining upgrades as you can and use GSCs (no jettison) to store the ore, then come back with a hauler when they're full. Use the same number of GSCs in the hauler.


Should be noted that you cannot anchor a GSC in 0.7 - 1.0 space. Ideally, find a station owned by a corp with favorable standings in an 0.5 or 0.6 system if such a station is available and anchor multiple in the same belt.

GSC's only hold 3900m3, so you'll need many of them to match the storage capacity of a single jettison'd can. Anywhere from 3 to 5 GSC's should match the cargohold of a properly fitted hauler.
Esunisen
Les Tueurs de Killer
#12 - 2011-11-20 19:06:18 UTC
My bad, can't anchor in systems above 0.7 Blink

Iteron mk5 can haul 12 GSCs, that's 46,800 m3, gonna take some time to fill them all

You just have to dispatch them all around the belt.

And no one can steal your ore

0.5 may look better but requires more skills because of the refining and crystals, for not so much more isk...

Choose your region wisely too, belts aren't the same everywhere...