These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

EVE New Citizens Q&A

 
  • Topic is locked indefinitely.
 

Mining

Author
DandyDan Madullier
Doomheim
#1 - 2016-10-15 17:35:39 UTC
Hi all,
as a typical newbie struggling with Skills, and a myriad of different complicated things I now need to make a decision.

I have been mining in Pakhishi for 3 months and have made it to the dizzy heights of a Procurer.

I have been informed that My profits have dropped, due to Market Forces.

I do not know how to attach a screen shot if it is at all possible.

Herewith a hand typed copy of what shows on my Screenshot,

If you say this is normal for this game, then thanks very much.


Sell items (5) - Pakhshi - Moon 20 CONCORD BUREAU


Drop Items to add to sale

Viscous Pyroxeres 31,500 0.03 945.00 ISK (-99.9%)
Viscous Pyroxeres 18.330 0.03 569.90 ISK (-99.9%)
Viscous Pyroxeres 26.491 0.03 794.73 ISK (-99.9%)
Solid Pyroxeres 29.826 0.03 298.26 ISK (100.00%)
Solid Pyroxeres 2.257 0.03 67.71 ISK (-99.9%)


Immediate Brokers Fee (0.0%) 0.00 ISK
17/17 remaining market orders Sales Tax (2.05%) 53.11 ISK

2,602.49 ISK

Sell Cancel

Normally I would receive just over 2,000,000 ISK for 12000m3
But if 'market Forces' are this vicious then what/?????

Thanks
Vincent Pelletier
Pelletier Imports and Exports
#2 - 2016-10-15 17:41:51 UTC  |  Edited by: Vincent Pelletier
Then you check elsewhere to get better prices. You are selling to other players and prices differ per location. If you use some basic logic that means you are probably going to get better prices if you bring your wares to:

a) a location people need them at, in this case you try to figure out and contact people who do production and see if you can strike a deal with them

b) a location most people use to buy and sell their wares, trade hubs. that way it's easier shopping for people which will persuade them to pay higher prices for that convenience. it also means there will be more buyers at that location meaning that through their competition you can be fairly sure you'll get a decent price for your stuff

Business 101 :)


Use www.eve-central.com to get an idea for prices around the universe.
DandyDan Madullier
Doomheim
#3 - 2016-10-15 17:58:04 UTC
Hi
Thanks very much

will try all of that

Dan
Do Little
Bluenose Trading
#4 - 2016-10-15 18:48:53 UTC
Pakhshi is 4 jumps from the Gallente trade hub in Dodixie where buy orders for Viscous Pyroxeres are currently paying 56.38 ISK per unit. Buy yourself a Miasmos so you can haul a decent amount of ore (50K M3) and take it to market when you have a full load.
DandyDan Madullier
Doomheim
#5 - 2016-10-15 20:19:27 UTC
Again thanks,
I shall be on my way to Didoxie with that little lot as a trial.
After I look at the Miasmos

Dan
DandyDan Madullier
Doomheim
#6 - 2016-10-15 20:31:55 UTC
Do Little wrote:
Pakhshi is 4 jumps from the Gallente trade hub in Dodixie where buy orders for Viscous Pyroxeres are currently paying 56.38 ISK per unit. Buy yourself a Miasmos so you can haul a decent amount of ore (50K M3) and take it to market when you have a full load.




One final question, do I have to have an Ore Hold to transport Ore, or can I Transport in a normal Cargo Hold, Don't ask me why but I do have a never used Nereus
Black Pedro
Mine.
#7 - 2016-10-15 20:43:00 UTC  |  Edited by: Black Pedro
DandyDan Madullier wrote:
Do Little wrote:
Pakhshi is 4 jumps from the Gallente trade hub in Dodixie where buy orders for Viscous Pyroxeres are currently paying 56.38 ISK per unit. Buy yourself a Miasmos so you can haul a decent amount of ore (50K M3) and take it to market when you have a full load.




One final question, do I have to have an Ore Hold to transport Ore, or can I Transport in a normal Cargo Hold, Don't ask me why but I do have a never used Nereus

You can transport ore in a normal cargo hold.

Ships with ore holds tend to do it more efficiently however. A Nereus only holds a few thousand m3 in its regular cargo hold while a Miasmos can transport over 40 000 m3 in the ore hold. Even your Procurer can transport more ore than a Nereus.

If you can fly a Nereus you can fly a Miasmos so that would be the better choice to haul ore to a trade hub.

You should also considering compressing the ore at a nearby Citadel to make it easier to transport.
DandyDan Madullier
Doomheim
#8 - 2016-10-15 20:56:36 UTC
Gee Whiz I am running out of thanks,
I now own a Miasmos

Thanks
Dan
13kr1d1
Hedion University
Amarr Empire
#9 - 2016-10-15 21:17:34 UTC  |  Edited by: 13kr1d1
Yo bring up an age old question: are middlemen fickle on the market and won't pay you enough, or would trying to get a corporation with someone dedicated to trade skills being a waste of time, even if they got you the best price?

In real life, the worker is degraded by the needs of daily living. More people than jobs drives competition up = better wage point for employers = lower earning for employees.

In real life, you have to eat to survive, have a place to live, etc. Compared to tribal grups, a modernized society puts far more of a premium on a safe/quiet place to sleep. A hut you can make yourself with time, you can't steal some government land and build a house in the middle of a city with trash, which is the only building block available to anyone without a home and without money. You can, but it'll be bulldozed by govt police. You gotta pay your dues for living space.

Then there's food. You need it not just to live but to have energy to work. Therefore food is ultimate necessity.

All these little things add up to you needing a paycheck right away, so you cant afford to haggle for a better wage, not with more people than jobs and the requirement of eating.

IRL a corporation is good because it has the means of production and distribution, the machinery, the building space, etc. Did you know most mines in the 1800's actually got financed by loans before going into production? Mine workers are required.

In eve, every single person is quite easily not just the only worker needed for mining successfully, but also is the owner of the means of production, the mining tools, the transport vehicle for ore, etc. The process of separating ore from junk is done before it ever hits your ore hold. The refining aspect is also handled by you, as the required skills are enveloped within the core mining skills.

Even if it weren't, most people would rather learn all the skills so as not to be at the mercy of others' market prices.

From personal playstyles like using alts or trying to pokemon all skills to be "immune to market fluctuations", to poor player choices of selling ore too cheap and not waiting, the economy of the game is a magic and wonderful thing... until people get involved.

People obsolete themselves by choosing to sell their ore for less, or waste their time doing extra tasks apart from their main profession, further driving down their profits. You don't need to eat, you don't need a place to sleep, so why are you trying to sell your ore all the time? Save it like a squirrel when prices are bad. Prisoner's dilemma though, if only one person does this, and others sell, it might never get better pricing. Do it anyway, since markets do fluctuate at least a little.

Always have your ISK tied up in inventory or other investments. if your ore is a bad investment now, don't sell it off. Prices will go up in the future. If you don't need that isk immediately for getting into a new ship, why are you breaking your neck to dump what is worthless now for what could be at least slightly more valuable tomorrow?

I would not listen to people who say to travel around with your ore to find a better deal. Contract it to a hub and pay someone else 10% to haul it. If ore is valuable for how much is mined per hour, every jump you take reduces your income. That's what this is about isn't it? Not liking the value you're getting? If you contract it for the average regional price, and you pay 10%, your price point is more or less going to be in the same range as other sellers of ore at the hub. You're not making any money but not losing any either, since that 10% is going towards someone else hauling it for you rather than hauling it yourself (and not mining) and then selling it off to immediate buy orders for less than average.

I've found systems at least 4 jumps from trade hubs that offer 16.50 isk per unit of veld. That's pretty good when hubs are hovering around 15.80 average. Mine from systems like that if you want to sell ore immediately.

There's a saying, less is more. Never is that more true than in the employment of labor. A person doing one thing and one thing only has a far better production value than them having to do a little of everything.Your house isn't on fire. Hoard things that aren't selling well, or set up a sell order on the market for a price you deem worth it, and bump the price down by 5% every 3 days until it sells.

So many options but yes, you're discovering what it takes to be an entrepreneur.



As an additional note, those buy orders that are -99% are region wide to pick up tons of ore from botters for basically 0.01 isk. That's why its so 'vicious'. You're supposed to be smart enough to find a better deal.

Don't kid yourselves. Even the dirtiest pirates from the birth of EVE have been carebears. They use alts to bring them goods at cheap prices and safely, rather than live with consequences of their in game actions on their main, from concord to prices

Dark Lord Trump
Infinite Point
Pandemic Horde
#10 - 2016-10-16 21:33:10 UTC
The problem is that the highest buy order in range is only paying .03ISK/unit. As others said, move elsewhere to sell your ore, and you'll get better prices.

I'm going to build a big wall that will keep the Gallente out, and they're going to pay for it!

Shallanna Yassavi
qwertz corp
#11 - 2016-10-17 08:46:31 UTC
There's the other question you need to be asking:
Am I having fun mining?

If the answer is "Yaaaaawn, not really," find a new way to make money.

A signature :o

Blood Retributor
#12 - 2016-10-17 19:23:59 UTC
DandyDan Madullier wrote:
Gee Whiz I am running out of thanks,
I now own a Miasmos

Thanks
Dan


Just my 2 cents to a fellow noob.

If you like mining, then think of training Reprocessing, Reprocessing Efficiency, Pyroxeres Reprocessing (or any ore you are mining).

Get good standings with an NPC corp (Security and/or Distribution missions) where you mine/sell and reprocess the ore you are mining. It is much more profitable/efficient to transport/sell minerals than ore. Again, it depends if you like mining or are doing it temporarily to buy yourself combat/exploration ships.

If the second is true, then the Miasmos is a good purchase. Travel around, don't sit in one system doing something you do not really like. You will see lots of things, chat with other players, get in trouble and learn how to avoid/get out of it.

Whatever you do, choose the activities that are most fun to you.

It is a game!

One step at a time ...

Mara Rinn
Cosmic Goo Convertor
#13 - 2016-10-17 20:02:18 UTC
DandyDan Madullier wrote:

Sell items (5) - Pakhshi - Moon 20 CONCORD BUREAU


Drop Items to add to sale

Viscous Pyroxeres 31,500 0.03 945.00 ISK (-99.9%)
Viscous Pyroxeres 18.330 0.03 569.90 ISK (-99.9%)
Viscous Pyroxeres 26.491 0.03 794.73 ISK (-99.9%)
Solid Pyroxeres 29.826 0.03 298.26 ISK (100.00%)
Solid Pyroxeres 2.257 0.03 67.71 ISK (-99.9%)


Immediate Brokers Fee (0.0%) 0.00 ISK
17/17 remaining market orders Sales Tax (2.05%) 53.11 ISK

2,602.49 ISK

Sell Cancel

Normally I would receive just over 2,000,000 ISK for 12000m3
But if 'market Forces' are this vicious then what/?????

Thanks


The main issue here is that you are executing an "immediate" sale. When you list for "immediate" sale, the market interface will simply use the highest value buy order in range. In this case there were no buy orders of decent value.

Click on the dropdown and change "immediate" to something else (e.g.: 3 months). You can then choose the price to list your ore at. Check the current market value, and pick a price that you think makes sense. For a quick sale, list at Dodixie median or lower. You might get away with selling higher than Dodixie.

DandyDan Madullier
Doomheim
#14 - 2016-10-17 20:47:05 UTC
Thank you all,

To be Honest I don't exactly know what I am going to do, I was just using Mining and Missions whilst my Skills are sorting,

I know i'm useless at PVP,

Of course, LOL It didn't help when I lost my fully loaded Vexor Navy on a level 2 Mission.

But its all a good learning, and it sure as heck passes the time.

Blood Retributor
#15 - 2016-10-17 20:53:28 UTC
DandyDan Madullier wrote:
Thank you all,

Of course, LOL It didn't help when I lost my fully loaded Vexor Navy on a level 2 Mission.



For missions -
eve-survival.com helps a lot. I found out about it when I lost my first hard-earned Drake in Recon 1 (Level 2) mission Lol.

Good luck!

One step at a time ...

Dark Lord Trump
Infinite Point
Pandemic Horde
#16 - 2016-10-18 16:02:59 UTC
DandyDan Madullier wrote:
Thank you all,

To be Honest I don't exactly know what I am going to do, I was just using Mining and Missions whilst my Skills are sorting,

I know i'm useless at PVP,

Of course, LOL It didn't help when I lost my fully loaded Vexor Navy on a level 2 Mission.

But its all a good learning, and it sure as heck passes the time.


The greatest lie ever told in New Eden is "new player=usless at pvp". You may not be able to fly mainline DPS ships effectively, but you can get into a tackle or EWAR frigate pretty easily and wreak some havoc.

I'm going to build a big wall that will keep the Gallente out, and they're going to pay for it!

Tau Cabalander
Retirement Retreat
Working Stiffs
#17 - 2016-10-18 16:22:50 UTC  |  Edited by: Tau Cabalander
DandyDan Madullier wrote:
Thank you all,

To be Honest I don't exactly know what I am going to do, I was just using Mining and Missions whilst my Skills are sorting,

I know i'm useless at PVP,

Of course, LOL It didn't help when I lost my fully loaded Vexor Navy on a level 2 Mission.

But its all a good learning, and it sure as heck passes the time.


Please never wait for skills to train. Nothing good ever comes of that.

Queue Warp Disruption 1 (if you don't already start with it) and then immediately join one of the newbro-friendly corps like: Pandemic Horde Inc. or KarmaFleet or Brave Newbies Inc.or Dreddit or the myriad of others.

Alliance & Corporation Recruitment Center

Also see:
* The sidebar at http://www.reddit.com/r/Eve
* http://www.reddit.com/r/evejobs