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Calculations of Costs Compared to Ingame Income to Derive the actual amount of real Ingame Profit.

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Author
Vis Aldent
Quafe Art
#1 - 2013-10-18 14:39:19 UTC  |  Edited by: Vis Aldent
INTRODUCTORY PARAGRAPH: - (Edited in Wednesday, October 23, 2013 at 15:07)
Calculations of Costs (including internet other subscription costs) Compared to Ingame Income (from Loot, sale of mining Ore, etc) to Derive the actual amount of real Ingame Profit.

It should avoid trying to run activities in hopes of getting a profit and losing in fact 90% of the costs.
Even before costs nearing $400 to $1,000 it becomes more obvious and efficient.

This cost in turn could be used to more profitable EVE Online activities such as learning and Character Bazaar.
This later option has the benefit of taking less ingame time.

Another option is of course the purchase of limited or finite number of PLEx from the CCP store to convert to ISK (or game time).

I can add my pilots ingame time and compare the approximate time costs.


The more calculation, the more accurate becomes the ratio, but nevertheles, the derivate gives a faster idea of the proportions or ... Scope.

-=- End of Introductory Paragraph. -=-



I'll be working on this Calculations of Costs Compared to Ingame Income to Derive (not Derivate) the actual amount of real Ingame Profit.

I am busy with other things for now and should be back in around 4 to 5 hours to try to complete this thread or post.

I'll just throw in some numbers for now so that it is easier to see and compare.


This won't include all calculation except double the income to generate half of profit or 50% of profit due to cost margin.

Internet Cost:
$35 for a month (30 days+) is equal to 2 PLEX which is equal to 1.18m ISK (at 590m ISK per PLEX on the market in Jita IV).
That is equal to $35 for 720 hours (at 30 days x 24 hours) .
= 1.63m ISK / hr in relative equivalent costs. Or 3.26m ISK per hour = 1.63m ISK profit / hr. 4.89m ISK income - costs = 3.26m ISK profit.

If $55 for a month , it is equivalent to 3 PLEX at 1.77m ISK.
= 2.45m ISK / hr cost equivalent related to profit margin.

@ $5 / 3 hours internet costs = 42.5m ISK / hr income at 590m ISK for 1 PLEx. (4 x 3 hours = 12 hours = $20 = 1 PLEX.)

@ $40 / 25 hours internet costs = 47.2m ISK / hr income
@ $35 / 21 hours = 56.1m ISK / hr
= 1.18b ISK for 2 PLEX.

@ $100 / 100 hours = 1.77b ISK for 3 PLEX = 17.7m ISK / hr.
@ $105 / 103 hours = 3.54b ISK for 6 PLEX = 34.36m ISK / hr equivalent cost related to profit margin amount.

(Notice the margin change to around 50% or double... Realize that it is not only the related equivalent income but also includes the relative costs.)

@ $210 / 206 hours = 7.08b ISK for 12 PLEX = 34.36m ISK / hr.
@ $490 / 459 hours = 16.52b ISK for 28 PLEX = 35.99m ISK / hr.

Also note that the 17.7m ISK / hr in 100 hours is not only the cost but also the related equivalent income.
That also does not include the EVE Pilot cost of time in game time equivalent costs like PLEX use for game time.
Once those costs are added in the equation, the total profit will be less and total costs higher.
It will also increase the income in ISK per hour required to achieve the same results.
Solstice Project
Sebiestor Tribe
Minmatar Republic
#2 - 2013-10-18 14:45:04 UTC  |  Edited by: Solstice Project
Your threads title misses a second D, R and P.

That said, i'll read it now.

Edit: This thread belongs to Market Discussion.
In your face, Doc Fury! XD
Baaldor
Pandemic Horde Inc.
Pandemic Horde
#3 - 2013-10-18 14:47:49 UTC
Vis Aldent wrote:
I'll be working on this Calculations of Costs Compared to Ingame Income to Derivate the actual amount of real Ingame Profit.

I am busy with other things for now and should be back in around 4 to 5 hours to try to complete this thread or post.

I'll just throw in some numbers for now so that it is easier to see and compare.


This won't include all calculation except double the income to generate half of profit or 50% of profit due to cost margin.

Internet Cost:
$35 for a month (30 days+) is equal to 2 PLEX which is equal to 1.18m ISK (at 590m ISK per PLEX on the market in Jita IV).
That is equal to $35 for 720 hours (at 30 days x 24 hours) .
= 1.63m ISK / hr in relative equivalent costs. Or 3.26m ISK per hour = 1.63m ISK profit / hr. 4.89m ISK income - costs = 3.26m ISK profit.

If $55 for a month , it is equivalent to 3 PLEX at 1.77m ISK.
= 2.45m ISK / hr cost equivalent related to profit margin.

@ $5 / 3 hours internet costs = 42.5m ISK / hr income at 590m ISK for 1 PLEx. (4 x 3 hours = 12 hours = $20 = 1 PLEX.)

@ $40 / 25 hours internet costs = 47.2m ISK / hr income
@ $35 / 21 hours = 56.1m ISK / hr
= 1.18b ISK for 2 PLEX.

@ $100 / 100 hours = 1.77b ISK for 3 PLEX = 17.7m ISK / hr.
@ $105 / 103 hours = 3.54b ISK for 6 PLEX = 34.36m ISK / hr equivalent cost related to profit margin amount.

(Notice the margin change to around 50% or double... Realize that it is not only the related equivalent income but also includes the relative costs.)

@ $210 / 206 hours = 7.08b ISK for 12 PLEX = 34.36m ISK / hr.
@ $490 / 459 hours = 16.52b ISK for 28 PLEX = 35.99m ISK / hr.

Also note that the 17.7m ISK / hr in 100 hours is not only the cost but also the related equivalent income.
That also does not include the EVE Pilot cost of time in game time equivalent costs like PLEX use for game time.
Once those costs are added in the equation, the total profit will be less and total costs higher.
It will also increase the income in ISK per hour required to achieve the same results.



And.....?


Ramona McCandless
Silent Vale
LinkNet
#4 - 2013-10-18 14:50:42 UTC


*bloodburp

ooh

scuse me

"Yea, some dude came in and was normal for first couple months, so I gave him director." - Sean Dunaway

"A singular character could be hired to penetrate another corps space... using gorilla like tactics..." - Chane Morgann

Vis Aldent
Quafe Art
#5 - 2013-10-18 16:05:39 UTC  |  Edited by: Vis Aldent
Solstice Project wrote:
This thread belongs to Market Discussion.

Yes, I wish too.
I was going to put it in Market Discussion.
However, it included lots of internet costs which are not ingame.
I figured would not be an EVE Market Discussion.

I would like to link to it in Market Discussion as it does relate to the EVE Online ingame income and profit.
That is also related to small and large business.

I didn't have the time to come back from my other business yet and almost had to go to work for 4 hours or more.
I'll be back in a few hours.
I just fixed 2 or 3 characters and bought a Mining Foreman Mindlink.
Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#6 - 2013-10-18 16:08:38 UTC
Okay I read it three times and I still have no clue what you're talking about... are you comparing my internet connection costs with in-game profit or something?
Unsuccessful At Everything
The Troll Bridge
#7 - 2013-10-18 16:44:40 UTC
I too can use a **** load of math to make myself seem intelligent.


The number of ****s I give = 0

The number of people who think theyre the space rainman = 5000 (approx.)

Now, if you take the number of ****s I give times the number of space rainmen, you once again arrive at the number of ****s I give.

Math proof: 5000 x 0 = 0.

Yeah! Math *****!

Since the cessation of their usefulness is imminent, may I appropriate your belongings?

Vis Aldent
Quafe Art
#8 - 2013-10-18 20:28:18 UTC  |  Edited by: Vis Aldent
Corrections:

Internet Cost:
ERROR #1:
@ $5 / 3 hours internet costs = 42.5m ISK / hr income at 590m ISK for 1 PLEx. (4 x 3 hours / $5 = 12 hours = $20 = 1 PLEX.)
= $49.16m ISK / hr instead of 42.5m ISK / hr as listed above.

@ $35 / 21 hours = 56.1m ISK / hr
@ $40 / 25 hours internet costs = 47.2m ISK / hr income
= 1.18b ISK for 2 PLEX.

To be Added:
@ $60 / 37 hrs = 1.77b ISK for 3 PLEX = 47.8m ISK / hr
@ $75 / 50 hrs = 2.36b ISK for 4 PLEX = 47.2m ISK / hr

ERROR #2:
@ $100 / 100 hours = 2.95b ISK for 5 PLEX = 29.5m ISK / hr.
@ $105 / 103 hours = 3.54b ISK for 6 PLEX = 34.36m ISK / hr equivalent cost related to profit margin amount.

ERROR #3:
(Notice the margin change to around 50% or double...
The above is 'Not even close to 50% or double.'
Even though the following is true:
Realize that it is not only the related equivalent income but also includes the relative costs.)

ERROR #4:
Also note that the (17.7) 29.5m (instead) ISK / hr in 100 hours is not only the cost but also the related equivalent income.
That also does not include the EVE Pilot cost of time in game time equivalent costs like PLEX use for game time.
Once those costs are added in the equation, the total profit will be less and total costs higher.
It will also increase the income in ISK per hour required to achieve the same results.

+
Internet Cost as 'A' / hours of time as 'B' = equivalent ingame market value in ISK as 'C' for amount of PLEX as 'D' covered by the Internet Cost ('A').
= million of ISK / hr as 'E' required to cover the internet cost equivalent & to deduce, to make a profit.

This compared to minimizing internet cost by only learning & trading on Bazaar.

One also has to include real cost with available costs & organize within budget.

+
Other costs include, but may not be limited to:
$14.95 per month...
or (around) $30 for 3 months...

$20 new buddy ...
= 30 days + 21 days = 51 days.
Baggo Hammers
#9 - 2013-10-18 20:33:04 UTC
"Derivate" is typically a noun. "Derive" works better and makes you look smarter.

If you don't know where you're going, any road will take you there.

Rhivre
TarNec
Invisible Exchequer
#10 - 2013-10-18 20:38:42 UTC
The comparison of costs is only valid if you only use your internet to play eve, and for no other purpose, otherwise you have to deduct and adjust for the time spent on reddit, imgur, xhamster while connected to eve.

Additionally, since isk comes in while you are sleeping, you need to adjust for this
Frostys Virpio
State War Academy
Caldari State
#11 - 2013-10-18 20:54:57 UTC
What in the actual **** is the point of this ****?
Vis Aldent
Quafe Art
#12 - 2013-10-18 21:49:50 UTC  |  Edited by: Vis Aldent
Baggo Hammers wrote:
"Derivate" is typically a noun. "Derive" works better and makes you look smarter.

ty, typo, I'll fix it.

Rhivre wrote:
The comparison of costs is only valid if you only use your internet to play eve, and for no other purpose, otherwise you have to deduct and adjust for the time spent on reddit, imgur, xhamster while connected to eve.

Additionally, since isk comes in while you are sleeping, you need to adjust for this

The comparison of cost is in relation to the cost to actually use the internet for a period.
It doesn't include multi-client which can reduce the cost although again that limitation occurs and can lead to losses.
This comparison of cost is already including a mention of other costs.

I do not include internet time spent writing on forums or reading, and if this activity can be done without internet costs.

You do have to deduct and adject the time spent since if you only do update your skills to trade on the Bazaar you will limit your active internet login time in the EVE ingame client.

As for the ISK coming while sleeping, it is possible to adjust for it as well.
I have no ISK coming while I sleep and I removed my PI installations.
Most of my current income comes in the form of sales with the highest rate of return by the Trader.

In fact, the reason he succeeds so well is only due to the fact that he sells most of everyone else items and production.
He also gets the best rates on those transactions and can do it from afar (within region).
This doesn't include Market Discussion trading with stocks or other investment, or ISK for editing work.
Solstice Project's Alt
Doomheim
#13 - 2013-10-18 21:56:45 UTC  |  Edited by: Solstice Project's Alt
I will refrain from derailing your thread.
Weirdly enough, i sense a smart person in you. ^_^

Buy Solstice Project for PLEX4GOOD ! https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=301266 (this alt-character will get deleted once the sale is done, on 6th of december)

PotatoOverdose
Handsome Millionaire Playboys
Sedition.
#14 - 2013-10-18 22:06:03 UTC
d/dx {e^(-pi*i)} = 0

I can post math too. Do I get a cookie?
Inxentas Ultramar
Ultramar Independent Contracting
#15 - 2013-10-18 22:06:45 UTC
None of this matters at the edge of scram range. But please continue.
Vis Aldent
Quafe Art
#16 - 2013-10-18 22:32:22 UTC
Inxentas Ultramar wrote:
None of this matters at the edge of scram range. But please continue.

I can only answer for free from 9 to 4 weekdays.

I just lost my first jump clone going to null sec and trying to test if I could enter where I left items.
I saved some screenshots.
Rhivre
TarNec
Invisible Exchequer
#17 - 2013-10-18 22:52:24 UTC
I just realised, this is a stealth "nerf trading" post.
xxVastorxx
Federal Navy Academy
Gallente Federation
#18 - 2013-10-19 01:24:30 UTC
im confused.
Maaaaowm Ogeko
Pandemic Horde High Sec Division
#19 - 2013-10-19 02:21:22 UTC
THE POINT, MAN. GET TO IT.

Asuri Kinnes
Perkone
Caldari State
#20 - 2013-10-19 16:49:05 UTC
Unsuccessful At Everything wrote:
I too can use a **** load of math to make myself seem intelligent.


The number of ****s I give = 0

The number of people who think theyre the space rainman = 5000 (approx.)

Now, if you take the number of ****s I give times the number of space rainmen, you once again arrive at the number of ****s I give.

Math proof: 5000 x 0 = 0.

Yeah! Math *****!

And yet you cared enough to post....... Next time, prove you give not ***** by not posting anything, if you can stand it.

Bob is the god of Wormholes.

That's all you need to know.

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