Market Discussions

I bought a small tower, compression array and refine array. I haul it in my freighter when I go to get ore. When it's time I put the tower online to do my refine/compression. When I am finished I unachor and scoop it and move on. This takes less than an hour or 1 star base charter plus 10 fuel blocks. Rinse and repeat as required.

How many loads can you manage to get into the array in the one hour it's online?

I compressed one full freighter load of compressed ore. It took over 60 freighter loads of uncompressed ore. The ore was luckily all sitting in one station. Even more luckily, my POS was anchored at a moon on a perfect (insta) undock vector from the station (saving freighter align time in one direction). It took a long time to haul the ore. Long enough that I gave up my dream of becoming an ore compressor.

Hauling ore is wasteful of time. I recommend doing it as little as possible. That means once, directly from the asteroid belt to the compression array, without ever dropping it at a station. I realize the likelihood of getting most miners to do anything other than mine is low, and the likelihood of getting haulers or traders to mine is probably even lower. But my gut tells me that's the right way to do it.

Personally I wish they'd make minerals rather than ore compressable... Just makes more sense to me

Yup, averaging 20 million isk profit per load. And that is buy raw ore from sell orders and selling compressed ore to buy orders.

If it wasn't for the insanely fast turn around there would way more profit in using buy orders to get the raw ore, and selling compressed ore through sell orders.

Only problem i have had is getting my hands on enough raw ore to keep going. Even looking up to 5 jumps outside of Jita cheap raw ore is getting hard to find.

When I started I was making over 50 million profit per load, after taxes etc. Now I am having trouble keeping it at 20 mil per load.

I made over 500 million isk profits in a 3 hour session last night alone. That's profit, not volume moved, as in when I was done my wallet had 500M more than when I started. Went back to do the same tonight, can't find much ore worth flipping.

No point in keeping it a secret any more as it seems the opportunity has come and gone. I expect this will lead to smaller margins between raw and compressed ore prices.

I guess I was quick, and lucky enough to get a moon in a system next to jita to anchor my compression POS in. But I know there are players that will put in the effort for far less profit per load.

The secret is out, lets see how long it takes for the band wagon to get overloaded.

I know there are many was of making billions of isk is a day. but this venture was started with 80M in my wallet, 3 days later I was over 1 billion. I know station trading can make much more isk/hr, but it requires much more capital to maintain. If i was still making those profits, i would not have come here telling everyone about it, i would keep it to myself. but the fact that profits have dropped so much, and cheap stacks of ore are getting harder to find, I would say there are already more players doing it then the volume that even Jita can support.

Actually I can only do 10-15 loads a day out of Jita before I exhaust the available ore. Not that there isn't an abundance of ore, but it is stacks of ore that are cheap enough to make a decent profit that are getting harder to find. Grabing from Jita, hauling to my compression POS, compressing, and hauling back, selling to buy orders, literally takes less than 10 minutes per load. 5 jumps away from Jita to pick up ore takes about 30 minutes, If my compression POS wasn't right next door to Jita, it would really drop my isk per hour.

An example of my system, a freighter with cargo expanders can haul well over 1,000,000m3 of ore. racial freighter at 3 will give you about 1,000,000m3 of cargo space. That is 10,000,000 units of veldspar. 100 units of ore go into 1 unit of compressed ore. Buy orders for Compressed Veldspar today are at 2,200 isk per unit. Divide that by 100 for the price per unit of raw ore you get 22. raw veldspar is selling for about 20 isk per unit, so that only leaves 2 isk per unit profit. But at 10,000,000 units per load, that is still 20M isk profit per load. not counting taxes or POS fuel, So really most players would only make maybe 1 isk/unit profit now. Like I said before, this opportunity has pretty much come and gone. I was making 5-10 isk per unit when i started.

So I guess If I did not have over 9.0 standings with Caldari navy, and trading skills trained up, reducing my taxes to almost nothing. And my compression POS only one jump away, continuing to make decent isk could be a real problem.

You say there are faster ways to make isk, and I agree, however I already had the POS, and the Freighter, so my overhead is near zero. But for anyone reading this to try to jump in and make some quick isk, the time has come and gone, the profits have dropped off, so do not bother.

Yes, I have considered using both buy orders to get the ore, and sell orders to unload the compressed ore. And that would make me much more isk per load. however, the important thing, my isk per hour, would take a big hit. The key to this is the fast turn around. Profits are low, but doing huge volume is what keeps my isk/hr high.

Don't worry about me./ The easy isk from this is gone. However, I am taking this to the next level, If all goes well, my new plan should put me close to if not over 1B isk per day. I have had a few days already at over 500M isk per session profits.