Gevlon Globbin is famous in the Word of Warcraft circle for having mastered the “gold-cap” concept. His Eve journey show a very interesting “outside the box” approach to the game, PVE and the trade hubs, reason for which we invite you to pay a visit to his blog.
Greedy Goblin: The Faction Warfare-LP “goldmine” is highly speculative
The blogs, comments and forums are full of Faction Warfare LP collection, as a way to get dirty rich with no risk, skill or effort. I guess anyone who is any level proficient in economics runs screaming from anything that makes him rich with no risk, skills and effort. There were many such things in history, and not one of them ended well.
How does the magic FW-LP goldmine works?
It mostly based on exploiting the bad design of FW mechanics. This should be the first red flag, last time 5 guys did that they got their ISK reverted, but let’s assume that for some reason CCP just fixes the feature and anyone got their loot before the fix could keep it. The idea that they will forever allow making 3-400M/hour by AFK-orbiting an object in an frigate is laughable.
So let’s assume that you can keep the LP and go on. The magic recipe continues that you must reach T5 faction control as it greatly decreases item prices. In the LP store you must pay ISK (or basic item) and LP for a faction item. The higher warzone control decreases these prices greatly. This is the second speculative step, you must assume that your faction will reach it, that CCP don’t change it to something that actually makes sense and you’ll be there to cash out.
Let’s go on. You paid lot of ISK for items that sell high on Jita, you won! Just like every Tom, Dick and Harriett who bothered to do the same. After all you did nothing that needs skill, access to special resources, team or anything. The idea was all over the internet, so the assumption that you’ll do it alone is a bit weird. So in the same minute you create your implant, faction ship or faction ammo from thin air, other thousands or maybe tens of thousands do the same, getting hoards of items that sell in the volume of 5-50/day in Jita. That will be some serious price crash. Last time Minmatar hit T5, all my Rens and Hek buy orders were filled up and they weren’t high. The buy orders disappeared completely, even the very underpriced ones.
Let’s summarize: you’ll be dirty rich by AFKing in a frigate if:
- CCP don’t fix AFKing in a frigate being LP print
- They don’t fix the screwed high warzone control bonuses
- Your faction reaches T5 and you’ll be online when they do so (both Minmatar T5s lasted for an hour or two)
- The prices of the LP store items don’t drop to the floor when it happens
Before you’d say “but incursions were an ISK print for long time before fixed”, please note that incursions needed a team, good skillpoints, good ships, not being wardecced and knowing what you are doing. It locked out like 99% of the players. And even in its peak it was like 100M/hour which is in line with other top-level PvE actions like supercapital ratting or WH capital escalations.
Please read the title again. It says “highly speculative” and not “impossible”. The above conditions are unlikely but can happen. After all those who wrote the posts did these in the previous T5s. Maybe you can do it too. But thinking that you surely can is insane. The speculative profit is very high but it correlates with risks. I always shy away from speculations and never regretted this stance. But that’s just me, who never made good money.
- Gevlon Goblin
PS:Every now and then someone speaks up that the “mining is boring” problem must be solved. Yet none of them was near even understanding the problem. Until now. This is a “must read” post, especially if you are CSM/CCP.
PS: Titans are still in my hearth so I keep my eye on them. Including this poor thing that died to Mates after jumping instead of bridging. I don’t comment on the mistake itself, but can someone explain why a titan which is not grinding structure protected by 1000 subcaps is in that full DPS fit? I think a titan when not actually deployed to grinding should be fitted to max tank to live long enough if surprised. Am I wrong or the titan pilot was doubly stupid?
Thursday morning report: 151.7B (3.5 spent on main accounts, 2.4 spent on Logi/Carrier, 2.2 on Ragnarok, 1.6 on Rorqual, 1.4 on Nyx, 1.8 on Avatar, 2.6 received as gift)