Mining: Difference between revisions

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All miners should attempt to maximize their efficiency (and therefore their profitability), which is typically measured by the amount of ISK earned per hour.

When deciding what ore to mine, the driving factor is income per volume of ore (ISK per m3). For example, Veldspar is the [[Asteroids and Ore#Asteroid distribution|most common and cheapest ore]] in EVE and has a volume of 0.1 m3 per unit; Scordite is the next most common ore but has a volume of 0.15 m3 per unit. Therefore (ignoring [[~~ORE Basic Ship and Skill Guide#Mining crystals|~~mining crystals]]), you will always mine 50% more Veldspar than Scordite in a given period of time (since mining lasers mine a fixed ''volume'' of ore per minute). Therefore, in order for Scordite mining to be more profitable than Veldspar mining, Scordite's market price must in turn be 50% greater than Veldspar's. Since the market is player-driven, ore and mineral prices are ever-changing, hence miners should always check the market for the most efficient ore/mineral to mine for.

When deciding what ore to mine, the driving factor is income per volume of ore (ISK per m3). For example, Veldspar is the [[Asteroids and Ore#Asteroid distribution|most common and cheapest ore]] in EVE and has a volume of 0.1 m3 per unit; Scordite is the next most common ore but has a volume of 0.15 m3 per unit. Therefore (ignoring [[mining crystals]]), you will always mine 50% more Veldspar than Scordite in a given period of time (since mining lasers mine a fixed ''volume'' of ore per minute). Therefore, in order for Scordite mining to be more profitable than Veldspar mining, Scordite's market price must in turn be 50% greater than Veldspar's. Since the market is player-driven, ore and mineral prices are ever-changing, hence miners should always check the market for the most efficient ore/mineral to mine for.

Websites like [http://eve.grismar.net/ore/ Grismar's Ore Chart] can look up the current market prices for ores and minerals, and give you a recommendation on which ores are the most profitable. Remember to double-check the prices that any automated tools give you - they will often use regional averages to determine mineral prices; if you plan to sell your goods at a specific station or hub then your priorities might come out differently. Lastly, don't forget that most ore types are only found in a [[Asteroids and Ore#Asteroid distribution|certain part of New Eden]], and most miners prefer to operate only in certain parts of space.

@@ Line 52: / Line 52: @@
 All miners should attempt to maximize their efficiency (and therefore their profitability), which is typically measured by the amount of ISK earned per hour.
-When deciding what ore to mine, the driving factor is income per volume of ore (ISK per m<sup>3</sup>). For example, Veldspar is the [[Asteroids and Ore#Asteroid distribution|most common and cheapest ore]] in EVE and has a volume of 0.1&nbsp;m<sup>3</sup> per unit; Scordite is the next most common ore but has a volume of 0.15&nbsp;m<sup>3</sup> per unit. Therefore (ignoring [[ORE Basic Ship and Skill Guide#Mining crystals|mining crystals]]), you will always mine 50% more Veldspar than Scordite in a given period of time (since mining lasers mine a fixed ''volume'' of ore per minute). Therefore, in order for Scordite mining to be more profitable than Veldspar mining, Scordite's market price must in turn be 50% greater than Veldspar's. Since the market is player-driven, ore and mineral prices are ever-changing, hence miners should always check the market for the most efficient ore/mineral to mine for.
+When deciding what ore to mine, the driving factor is income per volume of ore (ISK per m<sup>3</sup>). For example, Veldspar is the [[Asteroids and Ore#Asteroid distribution|most common and cheapest ore]] in EVE and has a volume of 0.1&nbsp;m<sup>3</sup> per unit; Scordite is the next most common ore but has a volume of 0.15&nbsp;m<sup>3</sup> per unit. Therefore (ignoring [[mining crystals]]), you will always mine 50% more Veldspar than Scordite in a given period of time (since mining lasers mine a fixed ''volume'' of ore per minute). Therefore, in order for Scordite mining to be more profitable than Veldspar mining, Scordite's market price must in turn be 50% greater than Veldspar's. Since the market is player-driven, ore and mineral prices are ever-changing, hence miners should always check the market for the most efficient ore/mineral to mine for.
 Websites like [http://eve.grismar.net/ore/ Grismar's Ore Chart] can look up the current market prices for ores and minerals, and give you a recommendation on which ores are the most profitable. Remember to double-check the prices that any automated tools give you - they will often use regional averages to determine mineral prices; if you plan to sell your goods at a specific station or hub then your priorities might come out differently. Lastly, don't forget that most ore types are only found in a [[Asteroids and Ore#Asteroid distribution|certain part of New Eden]], and most miners prefer to operate only in certain parts of space.