Mining with profit : Monthly results

[an old fart]

i wasn't having a good time mining either, returns were also very bad and i was not getting nearly enough of the rarer ores to sell at auction

i decided to read on it more, got on discord with someone who knew a lot more about mining and he taught me about LBML (www.mininglog.com i highly recommend it!)

i sold my hunting gear and scraped about 1300 PED, bought a F-105 an extractor and about 1200ped worth of probes

i usually do between 250 and 350 drops per mining run, no overlapping. any stack of 100p or over i put at auction, rest goes in storage until its stacked big enough to sell

there is just no way you are sitting at 50% returns unless you are dropping way too few probes. it took me a cycle of about 3500 PED (all unamped planetside, it takes quite a while actually...) to really start seeing my returns "average" out, and for now that average is sitting at 97.68%

try to do some "larger" mining runs, see if it changes anything

Sending good vibes your way, try not to take the game and mining too seriously, it really is just a game after all

 

[Sw4g MaSt3r]

Currently I am sitting at 50% return... <Sarcasm ON> ABSOLUTELY AMAZING GAME AND GAMEPLAY <Sarcasm Off>

Seriously MA, you need to do better...

how much have you cycled? and at what cost per drop?

 

[Leeloo Miner]

i wasn't having a good time mining either, returns were also very bad and i was not getting nearly enough of the rarer ores to sell at auction

i decided to read on it more, got on discord with someone who knew a lot more about mining and he taught me about LBML (www.mininglog.com i highly recommend it!)

i sold my hunting gear and scraped about 1300 PED, bought a F-105 an extractor and about 1200ped worth of probes

i usually do between 250 and 350 drops per mining run, no overlapping. any stack of 100p or over i put at auction, rest goes in storage until its stacked big enough to sell

there is just no way you are sitting at 50% returns unless you are dropping way too few probes. it took me a cycle of about 3500 PED (all unamped planetside, it takes quite a while actually...) to really start seeing my returns "average" out, and for now that average is sitting at 97.68%

try to do some "larger" mining runs, see if it changes anything

Sending good vibes your way, try not to take the game and mining too seriously, it really is just a game after all

The big difference between hunting and mining is :

1-You can mine with a cheap UNL finder(s), so you don't lose MU

2-The MU of resources is higher than the % of hunting loot.

Especially point 2 is hugely important:
The zone in which you will mine should consist of resources with a reasonable MU.
I do never go for high MU, but mostly for mid-range ores + fillers.
Those sell a lot faster with a nice %. I can even keep cycling when selling fillers only.
Here is an example where you can practically never make a profit ... with enm but ores might be good ... TEST THIS

Totall ped	3,00	19,74	5,98
Totall %	10,45%	68,73%	20,82%
	Garcen	Growth	Oil

This is one of the reasons why I never double drop.

As soon as you start selling big stacks at dumping prices, you're done for, so calculate everything!!!

If you start a run with the F-105, example : 100 drops ores, you should not earn back 100 ped but, 102.05 ped + extraction + refining !!!
And then there is the fee ...

And ofc you will have good and bad returns, but in the end it levels out when you take everything into account.
Never forget that your sales MU is the most important for profit, NOT globals/hofs.

If you need more info, feel free to contact me, I gladly help people that want to mine like I do and listen / learn.

 

[an old fart]

the only difference for me is that i always double drop...the fear of "missing" a fat claim is just too much for me!

 

[Leeloo Miner]

the only difference for me is that i always double drop...the fear of "missing" a fat claim is just too much for me!

Dual dropping is changing ground composition.

But you never know when you can hit a big oil claim I suppose

That is where you loose MU ... same when mining between mobs and shooting them ... and then get a shrapnel global

EDIT : Believe it or not, there is not 1 zone where I go for ore AND enm ... always for 1 of them cause 1 of them is always bad.

 

[Leeloo Miner]

November 2024

Another month has passed.

This month I mined less but the returns are and will remain the same/stable, including the profits.
I have never believed in cycling and never will.
As long as you are mining without amps, all multipliers/globals are extra because you don't have to fill a pit, which is why my TT return is higher.
Only mining with UNL gear gives even better results because you don't pay MU.
Paying MU always means a loss.

The returns ... yes it can already be seen that shifts have happened.
By this I mean much, even very much less mid resources which causes bigger fluctuations on auction or in other words more volatile mining.
Your returns contain more and more fillers and less and less mid-depth resources.
Mining with amps will give you even more fillers and less mid-depth resources.
Except for a few certain resources, mining with an F-101 or F-106 makes almost no difference anymore, so why pay more decay/drop.

Once again, it is more and more important to sell even your fillers at a higher % if they peak at auction, and because I made some price adjustments, my profits are more than ok.
Can only say ... count count count ALL costs to determine your sales price.

And now to the results for this month :

Caly

Ores : TT return 107,45% - After sales 122,45%
Enmatters : TT return 97,71% - After sales 111,85%

ARK
No mining done

NI
No mining done

NEW from this month tracking what sold the best + what gave me most profit :

Sold most recources : Lyst and Melchi
Sold with most profit : Iron and Ares Powder


Global numbers on year basis

TT return 104,30% - After sales 118,79%

Year average is 25,65 ped profit / day