A recent discovery of mine is that making money in EVE is much easier said than done. Now that isn’t the “discovery” part of the title, more the topic. I’m sure you can have a steady, small, income doing things that I know how to do. You can get missions and hunt pirates, I’ve not done it on this character but my first trip to EVE (4 or so years ago) was centered around being a fighter type pilot. You can also make some money by mining and selling the ore or refining it into minerals and selling those. You can either instantly sell these for low prices or set your own desired price and let them sit there until someone buys them (usually having to undercut the cheapest seller by 1 isk, so you sell first). These are concepts that I can easily understand heh.
My friend has been playing with me, I sent him a 21 day free trial (if you want one let me know), and he has been “exploring” the Exploration aspect of the game (teehee). This means that he sends out probes and scans systems for hidden sites. These sites range from Radar sites (uses the hacking skill on the radar found for loot), Ladar site (gas sites, need a gas gathering skill which costs 25 million), Gravimetric sites (they have asteroids, sometimes rare ones), and finally -at least to my knowledge- worm holes (which warp you to unknown space, can collapse, can get stuck in “w-space” if this happens). This is where the first Discovery part comes in. My friend was very stand offish about venturing into these worm holes, possibly due to me telling him for all he knows people could be waiting to rape him on the other side, but one night (Tuesday night to be exact) we both thought it could be a good idea for him to get in a little baby ship and check it out. The w-space (as we call it, possible others do, but I’ve only seen him use it) was clear and my friend began scanning the unknown space. One thing about scanning for hidden sites, most have pirates that will either be there when you find it or show up a little while after you’ve been there, with the pirates being harder depending on the security level of the space you’re in (with w-space being 0.0 security).
So during my friend’s first scanning trip into w-space he happened upon a Gravimetric site with all of the rare asteroids except for Mercoxit (best one, need super mining lasers to mine it). Upon this discovery, I began putting together a spreadsheet to figure out how much my hauler could hold of each type, I tried to find values per unit of ore for each type, how long it would take to fill up for each, etc. It seemed like a solid idea. According to my preliminary calculations I reached the opinion that Bistot would be our best bet, so we got a load of that. This whole time I was tweaking my spreadsheet, adding things like isk/minute, and began changing the values of the ores as well. After the first load my spreadsheet now reflected that Hemorphite would be more profitable, so we moved to that asteroid and began filling me up on that. After we had a full load I began to doubt my calculations, I was using stupid values such as “average universe price” and “average region price” (the 2 regions we were familiar with). I then found out that these averages are not only AVERAGES, they also factor in the prices offered from buy orders (ridiculously below the lowest market values). I had fudged our numbers. We tried to sell the ores in the region we were in, for the lowest market price in the region, which would have netted us a very large amount of money (about 4 million total, so 2 a piece, for an hour and a half of mining). Unfortunately, it wasn’t selling. We needed money now.
I began searching for ways to get rid of this quickly at what we considered a fair price. We’re aiming at getting 2 million for it so that we get 1 a piece. I found posts on the forums of people buying ore, most of them are offering less than what we want, and they also want more than we have which is why we are not going that route. I began to notice a trend among these trade related posts, Jita. Jita is pretty much the largest trade hub in the game. I thought, if I can’t find a place to sell this, why not sell it at the place where it seems most likely to be bought? This led to me using an online market explorer and figuring out what Jita’s lowest selling prices were for each ore. I fed these figures into my spreadsheet and voila, if we sell our ore at the lowest price in the region then we will get just over 2 million. Perfect, right? It seemed so, which means that the next task for me (I am the hauler) was to make 2 round trips to Jita to sell this ore. I am a member of the Gallente race/faction/whatnot and I’m not certain but I believe that the Caldari race/faction/whatnot (which is what Jita is) doesn’t like us. I did not know this at the time of this idea.
So I set my destination to the Jita system which was 10 jumps away from where I was and began my journey. Everything was fine for the first 4 or 5 jumps until I had warped into a .5 security system. It was here where I had my first real scare of my time playing. As I set my ship to warp to the next stargate another player started locking on to me. The first thought I had was that he was going to scramble my warp and then I’d be fucked, fortunately I warped away before he locked on. Scary as shit. There I was hauling half of our expected income and some jerkoff appeared to be trying to take it from me. The rest of the jumps were fine until I actually jumped into Jita. My overview showed red names, the first time I had seen them and they weren’t pirate NPCs, so I panicked immediately. For some reason I tried to fly back to the stargate (12km away at a speed of 120m/s) as it hit me that I may not be welcome in this space. Once I realized it would take far too long to fly back to the stargate I just clicked a random station and selected to dock there. My warp began to align my ship and prepare to whoosh me out of there when I decided to look up. I saw the red named players (I hope they were players, Commander Twinkletoes doesn’t sound like an npc to me, but there were multiple “Commander name” peoples), some ship wrecks, and what appeared to be laser pew pews going off all over. As my warp propelled me to my potentially unsafe destination I became even more nervous. After all, it would suck to get blown up ten feet from the front door. When I arrived, there were no red names, and I was able to dock.
I was not on a planet station (the most popular ones) but I figured as long as it is in the system I should be good. I put the ore up for sale, cheapest sell price at the time, and went back for my 2nd load. On my way back probably 3 people tried to lock on to me, luckily all failed. I was able to deliver the 2nd load safely with a few lock on attempts during the trip and put it up for sale as the lowest selling price. We would still make 2 million if it all sold and I figured it would sell quickly in the biggest trading hub in the game. On my trip back I had a few more lock on attempts made and began to think that maybe they just do this to scare you. But, I’m sure that there are a whole lot of possibilities unbeknownst to me. By the time I made it back my friend got home from work (my drive home is much shorter than his) and was ready to find another gravimetric site in some w-space.
He quickly located a worm hole in 1.0 security space and upon further inspection the worm hole appeared it would at least last the night, which is all we needed it for. He was able to find a gravimetric site relatively quickly, we formed a fleet, and I came out to join him. At this time my spreadsheet was leading us to believe that Arkonor was in fact the most profitable for us, so we set up camp. My friend decided to head back to a station to pick up a second Miner 1 to replace his probe launcher, this would increase our ore and isk per minute. I was drinking this night (last night) and my fiance was looking at the local arrest records, just to see how “awesome” people can be. Well I come back to my ship being blown the fuck up by gdamn pirates. These were 0.0 security space pirates too, so I don’t think I stood a chance even though I still tried to warp out of there. I believe if I hadn’t been afk (like a retard) that I would have been able to warp out of there before they locked on to me, or at least I would have survived and made it out. But, my morale took a big hit with this one, I knew it was my fault, and I had a long pod journey back to my newb station where my 2nd and last Iteron was. Luckily my insurance payout was enough to buy another Miner 2 laser and I flew out into noobville asteroid belt 1, and began slowly plinking away the veldspar.
I just needed to get some money, I figured this was safe, this was easy, and this wasn’t that slow either. I wasn’t refining it because the instant sell price for Tritanium was 2 isk per, and the amount I would have refined it into multiplied by 2, was much less than selling all the veldspar at 6 isk per. I mined that belt with the other newbs until all the asteroids were gone, sold my veldspar and made around 150k or so, then flew to the next system over. I picked a random asteroid belt and looked for veldspar, unfortunately (well, fortunately later), I did not find a single one in that belt. This prompted me to open the market and see what the buy orders were like for Scordite and Plagioclase. Plagioclase was worth more by far so I figured alright, lets do this. I left the market window open as I mined and then I noticed something. Someone was selling 200k Plagioclase at 25.5 isk per 5 jumps away. The highest buy order was buying Plagioclase at 28.15 isk per only 2 jumps away. The buy order was asking for over 4 million units. After some quick number crunching I reached the conclusion that if I bought a whole cargo load at 25.5 isk and sold it at 28.15 isk I would make 36k isk each trip. This is 10 jumps round trip were talkin about. It took me 10 jumps to just get to Jita, not to mention the 10 back.
I then figured out how much more plagioclase I needed to mine in order to be able to afford my first full load. I achieved that amount, sold it, and purchased a full load (from across the region). I flew to the station where the ore was waiting, picked it up, and flew it back to where I was selling it. Easy money. I did the math and if I buy and sell all of it I stand to make 520k. That is free money! I got in a few trips before I went to bed and managed to get in another this morning before work. Then I noticed that the sell order for the cheap plagioclase ended in 12 hours. I have to finish this today if I am to capitalize. Which is exactly what I plan to do. A little more math later and I now see that if I try and fill that entire buy order (by mining it myself) that I will make 112 million isk. Yep, sure it would take some time, but so does training my skills! I figure if I just stick with it, I’ll be making 380k per load which will take 48 minutes. But, after a few hours I’ll be able to finally buy my Exequror, which will increase my mining rate to around 30 minutes per 380k. Before I know it I’ll be hammering it out like nothin, rolling in my piles of money, and may even partake in the SOMER.blink shit. Not to mention buying an Iteron Mark 5, which will be able to hold like 3x as much as my mark 1 does. With that kind of cargo space, any more cases I find in which someone is selling a bit lower than someone is buying, will result in more profit per trip.
I’m feeling good about where I’m headed. It really seems like before I know it I’ll be back out in W-Space with my friend, killing those asshole pirates in my gravimetric sites, and mining to my hearts content, turning a much higher profit.