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Most Valuable Ore [per cubic meter]

First post
Author
Waltz Rose
The Scope
Gallente Federation
#1 - 2014-12-08 23:36:29 UTC
So, I've taken to crunching numbers myself, being a starting miner and whatnot (best way to start off when you begin), and I noticed there are several different kinds of ores. Obviously, the rarer ores, those which are found in more dangerous places, are much mor valuable than those found in heavily guarded places. However, in my explorations, I quickly learned that each singular unit of the ores gets larger in volume as they get rarer. Say I mine Pyroxeres. Pyroxeres has a volume of 0.30m^3 per unit. Plagioclase is a bit rarer, maybe even the next rare ore int he table after pyroxeres, and it has a volume of 0.35m^3 per unit. I mined Omber and it provided me with an ore that registered 0.60m^3 per unit.

Enough about volume, on to prices.

I don't have the exact specs for Pyroxeres and Plagioclase, but as far as I see it, you get the most money by mining these two particular ores, and a lot faster than mining rarer ores. As far as I know. Having crunched the numbers, Omber is much much less vlauable than Pyroxeres (per cubic meter), and when the mining tools mine by the cubic meter, then hey, you'd be makign more money by mining pyroxeres than Omber.

Plagioclase and Pyroxeres are the two most profiting ores that I ahve come across so far. I've even mined jaspet. In fact, Jaspet doesn't even produce as much isk per cubic meter as pyroxeres. However, The two ores Plagioclase and Pyroxeres have a particularly close difference between who is worth more. Rich Plagioclase, when found, is worth a tad bit more than Viscous Pyroxeres. Over that tad bit, mining several thousand units provides about a 100,000-200,000 difference in isk payout. I mine either two when I can, make about 900,000 isk every 20 minutes. With a venture fitted with two Miner II mining lasers.

These two ores take quite a lot of time to mine up. Or rather the mining lasers take quit e a lot of time. I'd have to mull it over and do some math ti figure it out. However, I've also not seen any other ores besides Veldspar, Pyroxeres, Plagioclase, Omber, and Jaspet. Have not mined beyond that. So, having explained that I haven't seen any other ores besides that, then I would like to ask those who have to relay the information here on those particular rarer ores.

Either just put down how much an ore is per cubic meter, how many cubic meters one unit is, or even say if you know of anything more valuable than mining Plaigoclase and Pyroxeres.

PS: I just realized I forgot to add in Scordite, but I also do not care for that ore, as it provides very little wealth in my eyes.

Look, lads and all ye lass', there be hope, no matter what downs ya. Thar always be hope. Live to tell the tale, make yerself known. Thar nay be anythin' more frightenin' than a force ta be reckoned with.

Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#2 - 2014-12-09 00:27:28 UTC
Waltz Rose
The Scope
Gallente Federation
#3 - 2014-12-09 00:34:01 UTC
Steve Ronuken wrote:
https://www.fuzzwork.co.uk/ore/


Seems Plagioclase and Pyroxeres are best behind mercoxit. By my own personal statistical analysis. Mercoxit may be worth it much alter when I can traverse the low sec areas with a mining rig.

Look, lads and all ye lass', there be hope, no matter what downs ya. Thar always be hope. Live to tell the tale, make yerself known. Thar nay be anythin' more frightenin' than a force ta be reckoned with.

Tau Cabalander
Retirement Retreat
Working Stiffs
#4 - 2014-12-09 00:41:31 UTC  |  Edited by: Tau Cabalander
I don't know if Steve has normalized the Mercoxit value, as it can't be harvested the same as all the other ores.

Multiply the per m3 price of Mercoxit by 0.546 to normalize it.

422.19 per m3 * 0.546 = 230.52 per m3, or less than Veldspar.

EDIT: http://ore.cerlestes.de/#site:ore shows a similar 419.51 which implies Steve's page isn't normalized.



Math
Modulated Deep Core Strip Miner II vs. Modulated Strip Miner II:

Mercoxit: 250 m3 * (1 + 37.5% Mercoxit II crystal) = 343.75 m3 per cycle
Other: 360 m3 * (1 + 75% crystal II) = 630 m3 per cycle

Mercoxit vs. Other = 343.75 / 630 = 0.546
Evei Shard
Shard Industries
#5 - 2014-12-09 00:42:49 UTC
Never look purely at the numbers when determining what you are going to go after.

In spite of volume differences and such, some ores will be worth more than others, but none of this takes into account the issues of *where* the ore is.

If you could mine in high, low, and null without interruption, sure, the low and null ores are going to be worth a lot more, but you have to take into consideration the interruptions.

I don't have the numbers in front of me right now, but, as an example, Jaspet is worth more than Veldspar, so it would seem profitable to go into lowsec and mine Jaspet.

If you can do that without any interruptions, it is profitable, but oh wait, a Battleship rat just warped into your belt. Do you have enough drone dps and tank to take him out, or do you need to stop mining, warp out, get another ship, come back, kill the rat, warp out, then go back to mining?
Rat gone? good, three unknowns just appeared in local. Do you keep mining and pretty much commit suicide, or warp to a safe and play cat and mouse with them for an hour or so before they finally get bored and move on?

Meanwhile, someone else is in high sec during that entire time, mining cheap old Veldspar, and has now exceeded the amount of isk you have made risking everything just to mine Jaspet.

Again, I've not run the numbers in months, so things may have changed a little, but this is an example based on real numbers from this past year. As such, it is just an example of why you have to factor in risk when looking at how much money you can pull in with various ore types.

Profit favors the prepared

ergherhdfgh
Imperial Academy
Amarr Empire
#6 - 2014-12-09 01:30:18 UTC
I am a fan of using http://ore.cerlestes.de/#site:ore as well. It's main isk stat is isk per full jet can (27,000 m3 iirc) you can sort by any of the stats simply by clicking on that column. Also you can adjust the mineral values and refine percentages on your own. If you spend a few minutes checking out this site I think you'll find it's fairly user friendly.

Like other's have said isk / m3 is not everything. If you are mining in null on giant rocks where you can sit on the same rock for an hour you can get numbers nearly what the math tells you that you should get. In high sec where you often can't complete a full cycle on one rock you have to be a very skilled miner to get much over 80% of what the math says you should get given your ship and your skills due to constantly having to short cycle lazors and try to predict when a roid will be done.

Still isk / m3 or isk / jet can are good numbers to know. Also keep in mind the 5% and 10% versions of ores. Many ores are very close to each other in value and the special +5% or +10% versions can make the difference.

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Waltz Rose
The Scope
Gallente Federation
#7 - 2014-12-09 04:19:42 UTC
Evei Shard wrote:
Never look purely at the numbers when determining what you are going to go after.

In spite of volume differences and such, some ores will be worth more than others, but none of this takes into account the issues of *where* the ore is.

If you could mine in high, low, and null without interruption, sure, the low and null ores are going to be worth a lot more, but you have to take into consideration the interruptions.

I don't have the numbers in front of me right now, but, as an example, Jaspet is worth more than Veldspar, so it would seem profitable to go into lowsec and mine Jaspet.

If you can do that without any interruptions, it is profitable, but oh wait, a Battleship rat just warped into your belt. Do you have enough drone dps and tank to take him out, or do you need to stop mining, warp out, get another ship, come back, kill the rat, warp out, then go back to mining?
Rat gone? good, three unknowns just appeared in local. Do you keep mining and pretty much commit suicide, or warp to a safe and play cat and mouse with them for an hour or so before they finally get bored and move on?

Meanwhile, someone else is in high sec during that entire time, mining cheap old Veldspar, and has now exceeded the amount of isk you have made risking everything just to mine Jaspet.

Again, I've not run the numbers in months, so things may have changed a little, but this is an example based on real numbers from this past year. As such, it is just an example of why you have to factor in risk when looking at how much money you can pull in with various ore types.


Mercoxit mining is something with which profit is very much a good thing. If traveling in a pack, it could yield qutie a steal, considering, but that'd require some high end ships meant for battle, and it'd be more worth taking along a few mining barges/exhumers than just one.

Look, lads and all ye lass', there be hope, no matter what downs ya. Thar always be hope. Live to tell the tale, make yerself known. Thar nay be anythin' more frightenin' than a force ta be reckoned with.

Shon Anzomi
Science and Trade Institute
Caldari State
#8 - 2014-12-09 07:29:11 UTC
Only time I mined was when I realised some security missions have expensive asteroids in them. There are some missions that have arkonor and the mission Fair Play - More Bark (2 of 5) has so much ore you will need friends to mine it all. After that I did not mine at all, but once I get my hands at Prospect I will do it. I think first skill relevant to it is around 60 days down my skill queue :)
J'Poll
School of Applied Knowledge
Caldari State
#9 - 2014-12-09 09:40:28 UTC
Other then raw maths in terms of m3 size, unit price etc.

Also keep in mind the market itself. Some ores move way faster then others.

This is especially true for Mercoxit, it isn't used as much as the other ores, so even though raw price / m3 might be higher, it can be more profitable to mine other ores.

For example:

If it takes 20 minutes to sell 5 million units of Veldspar and it takes 5 days to sell the same amount of Mercoxit, I would personally just the Veldspar, as in 5 days, you can mine (in terms of ISK) more veldspar then you can in Mercoxit.

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Waltz Rose
The Scope
Gallente Federation
#10 - 2014-12-10 02:26:54 UTC
J'Poll wrote:
Other then raw maths in terms of m3 size, unit price etc.

Also keep in mind the market itself. Some ores move way faster then others.

This is especially true for Mercoxit, it isn't used as much as the other ores, so even though raw price / m3 might be higher, it can be more profitable to mine other ores.

For example:

If it takes 20 minutes to sell 5 million units of Veldspar and it takes 5 days to sell the same amount of Mercoxit, I would personally just the Veldspar, as in 5 days, you can mine (in terms of ISK) more veldspar then you can in Mercoxit.


I don't expect even the noobest of newbs to try mining mercoxit with something small or measly. If I take to mining Mercoxit, I'd have at hand the fastest mining vehicle, enhancement modules, and mining equipment. As well as several people mining at once. And a few fleet buffers for mining. The results would provide a lot of mercoxit in a big total, but if you have so many people mining it, the payout per player would be the same as mining alone. However, I say this for gathering mercoxit for the rarer minerals instead of profit.

Say what you want, I've gotten my info, and it seems mining pyroxeres and plagioclase is the best way to go yet.

Look, lads and all ye lass', there be hope, no matter what downs ya. Thar always be hope. Live to tell the tale, make yerself known. Thar nay be anythin' more frightenin' than a force ta be reckoned with.

Mr Gus
Mr Gus Corporation
#11 - 2014-12-10 19:03:42 UTC
mining is lost time this tell you from ex miner , beter g on belt on some 00 and kill 1-2 npc