A Quickie

I was reading up on Elon Musk's new plan/project: Hyperloop tubes.  While reading, I couldn't help but notice, his design for the hyperloop pods looks awfully familiar.  The only two questions I have are, will there be one or two midpoints, and does in come in gold?

The Quest for 11 Figures, Day 45 Update

It's been 10 days since my last post with regards to the quest for 11 figures, so I figured I would give an update.  I am starting to get giddy, as my Nag BPO is set to come out of the cooker (ie: lab, being researched to ME 1) in 6 days.

10 days ago I had:
A: 25M ISK liquid.
B: All capital components needed to build a Nag.
C: Nag BPO, in the oven.  If you look carefully, you can see it in the picture to the right.  (No, actually you can't because it's not there, but thanks for trying).

D: Roughly 100m in minerals left over.
E: 6 planets for PI, all in lowsec.
F: 3 stations stocked with LO/Cynos.

What's changed in the last 10 days?  Not much really.  Here's where I stand now.
A: 50M ISK Liquid.  I've actually been selling LO and cynos at a decent pace recently and have sold more than this, however, you'll see that reflected in D.  I've also bought about 25M more in pos fuels, but thats mostly been offset by sales of PI goods.
B: As before, all cap components to build Nag1 are owned.
C: Nag BPO, 6 days to go before exitting the lab, I'm getting excited.
D: I've bought roughly another 100M in minerals using buy orders, bringing my new total to roughly 200M worth of minerals for the next run.  Money was from revenue (both profit and the ISK I initially spent to buy the Lo/cynoes.) generated by sales of LO/Cynos.
E: I still have 6 planets running PI.  It's not a complete cycle and I may end up changing what they produce, but for now I'm just building up stockpiles (but I am selling mechanical parts).
F: I still have 3 stations stocked with LO/Cynos.  Looking over my market history I'd say about 70% of people who buy cynos, also by LO at the same station.  I would say that only about 30-40% of people who buy LO also buy cynos (which means that people might still have their ship from last time, and didn't lose the cyno, but need more fuel).  I've been having a competitor in one of my stations buy up my entire stock of LO and relist for an additional 50% markup.  Honestly, I'm making money, so I don't really care that he's gouging people.  The only downside is I have to keep going to that region to put up more sell orders constantly, but having money come in such a fashion, is quite nice.  What this might mean however, is that I could potentially raise my prices yet more, and still have buyers.  Maybe I'll try it next time to buys up the stock.

The Quest For 11 Figures, Day 35 Update

It's been 15 days since my last update on the quest for 11 Figures.  I'm not planning on doing a post every 15 days, it just kinda happened that way.

15 Days ago I had:
A: 100M ISK Liquid
B: All the capital components needed to build a Naglfar with ME 1.
C: A naglfar BPO in the cooker for ME 1, with a month to go.
D: About 100M ISK worth of raw materials still left over.
E: 2 PI Planets.

F: 2 stations stocked with LO/cynoes for sale.

Where do I stand now?

A: Down to 25M ISK Liquid.  I spent half of it on booze and strippers and I wasted the other half.  No wait, actually I spent most of it on pos fuel.  The posses were crying and wanted to be fed, so I fed them.

B: I still have all the capital components needed to build a Naglfar with ME 1.

C: My Naglfar BPO is still in the oven, about 2 weeks left to go.

D: I still have the estimated 100M ISK worth of raw materials left over.

E: I finally got off my ass for a bit (see below) and set up 6 planets for PI.  Im working on setting up another 4 on an alt to have a complete chain for nanite repair paste.  I used to do some heavy PI about a year and a half ago.  I don't think much of anything has changed since then.  For now I'm running 23 hour cycles, however, if I start to feel burned out (which happened 18 months ago), this may become 3-6 day cycles soon.  This has cost about 40-50M, but has been mostly offset by sales of mechanical parts, cynoes, and LO.  I will most likely close down the mech parts production once I have the nanite repair paste chain fully up and running.  

 

F: I also stocked a third station with LO/cynoes.  The income is still mediocre with 3 systems, but if i ever truly get off my ass completely, mediocre income at each of 20+ systems, should really start to add up.  

Proper Use of POS Labs

This is a primer for people who are new to using corp labs for research.  I use this method when researching my Capital blueprints, and you should too (when doing work on just about any blueprint of value).  We all know anytime you undock anything in space, it can, and often will, go pop.  The same is true when you are carrying blueprints, or when blueprints are placed in a POS lab for research.  Fortunately, there is a rather simple work around for this.

1: You will typically want to have tight security around blueprints, so having your own personal corp is the easiest (albeit not only) way for this.
2: Rent an office (look for cheap office space in the least used station in the system) in the same solar system as the POS (or desired future location of POS).  Office space varies greatly from station to station, so shop around.
3: Have the character that will be doing the research train up the skill "scientific networking" to at least level I.  You can train it higher, but even at levels II+, the bpo still MUST BE in the same solar system as the lab.
4: Put the BPO in the corporate owned hanger in the station (ie: stick it in the rented corporate office space).
5: Have your lab anchored and online at your corp's POS.
6: Install job.  Use the "corporation" filter (rather than the typical "public" filter) when searching where the work will be performed.  This will bring up your corp's lab at the POS as an option.  Keep in mind, any output will still be at the POS (ie: if you are researching (ME/PE) your BPO, it will still come out in station, however, if you are copying, any copies will be in the lab in the POS and need to be picked up).

Yep, it's that easy.  Now even if the POS is destroyed, your BPO is still safe in station.  This works both in highsec, lowsec, and nullsec, but typically has the most value in lowsec.  Be like Durrr, be safe. If you're going to research, research with protection.

The Quest for 11 Figures- Day 20 Update

15 Days ago I had:
1: A billion isk liquid
2: About half of the capital components I would need to build my first Naglfar
3: an unresearched Naglfar BPO
and 4: Most of the materials that I would need to build capital components from the 5 bpos I did have.

Where do I stand now?
1: I'm down to around 100M liquid.
2: If I haven't royally screwed up the maths, I should have all of the capital components I need to build Naglfar 1.

3: A Naglfar BPO being researched to ME 1. No, I did NOT do the smart thing and start researching the BPO right away, instead I waited 15 days.  And since they take a little over a month for 1 point of ME research, I shall be waiting.....

4: About 100M ISK worth of materials still left over.


So, Since capital construction is in a holding pattern for another 30 days, what about those other forms of isk making I mentioned I might be doing.

A: Station Trading: Hasn't happened yet.  Yep, lazy kitty.
B: AFK Ice mining: Since I got my retriever popped a couple of weeks ago I've been too lazy to replace it on that toon.  Yep, lazy kitty.
C: PI: I've set up 2 planets which bring me minimal dividends from time to time.  I hope to expand this in the future, and perhaps have a full chain going, but yep, lazy kitty.
D: POS Reactions: No progress, lazy kitty.
E: Plexing/FW missions: I haven't done any in a long time.  Yep, lazy kitty.
F: Station stocking: The initial goal was to stock 20 ish stations with LO and cyno generators.  I currently have stocked 2- yep, lazy kitty.  With only 2 stations stocked I can't expect much income but it has been trickling in with minimal effort, so I cant complain.
G: I did earn 10M ratting in low sec, looking for those special rats that drop sec status tags.  None found yet.

All in all, facepalm on capital ship construction, as it is delayed for a month, and lazy kitty on just about everything else.

The Quest for 11 Figures- Day 5

Status Update on Day 1: After consolidating isk from across all my accounts, my starting liquid isk value was 2.9B not, 2.5B

Day 5 Update: Liquid ISK in wallet: 1.0B
What have we spent the other 1.9B on?

1.6B spent on capital ship components.  I put up buy order in jita at perfect (perfect researched bpo) build cost + 8-10%.  It's not incredibly fast, and certain capital components are filling easier than others, but mostly its chugging along.  Why do I not mind paying over cost to acquire these capital ship components?  Honestly, because the margins are there.  I can pay the extra 10%, and still make 400M per capital ship constructed at current prices.

300M spent on cyno field generators and liquid ozone.  These are the two items that pair well together that I mentioned in my previous blog.  I hope to sell the cynos on average at various non-hubs for jita + 1M, so about 2.7M per.  I may have to adjust prices a bit here and there, but my hope is to have so many systems initially seeded with this combo, so that I can sell out at these inflated prices.  LO will most likely be jita + 20%.  I'll be sticking to empire for 90% of sales (usually last highsec jump before low), but I might also put some up for sale in certain stations in our FW warzone and see how they sell.

How are the other ISK making opportunities coming along you ask?  The short answer, not well.

 Ice Mining: For the first time since I started mining ice I got a miner popped.  I run with a damage control on each of my retrievers, to make it harder for people to pop me, or to at least encourage the gankers to pick an easier target.  After all, as with camping, you don't have to outrun the bear, you only have to outrun one of your friends.  This was not the case this time, and a single catalyst was able to pop my retriever.  I've been lazy to replace it, and when I do, I'm sure I'll add in some medium slot tanking mods in addition to the damage control.

Station Trading: I've yet to start this.  Mostly because I need virtually all of my 2.9B isk liquid to be able to seed markets with cynos/LO, and to build the first capital ship.  Once the profit from the first cap hits, I might start doing this.  Implants, my area of knowledge, will be what I focus on.

PI: I've set up one lowsec, and one highsec planet for PI.  I'll add on to this (mostly in lowsec) as I become less lazy.  One of the benefits of having only 2 planets tho is that I'm able to run 1 day cycles, at least for now, without the feeling of being burnt out.

POS Reactions: More maths have to be done on this before I decide to take up such an endeavor.

That's 5 days in, stay tuned as I give more updates on the quest for 11 figures.

11 Figures

In my eve life I've never been a rich eve player.  Not only have I never made shittons of ISK, but I've somehow always managed to spend much of the ISK I do make on something disposable.  Sometimes that's plex, sometimes that's ships that go pop, sometimes that's poor investments.  Whatever the case may be, I've only been able to crack 11 figures (10B+) in liquid wallet ISK once (at which point I went on a shopping spree).  I currently stand at 2.5B liquid, with probably another 15-17B in assets.  My goal is to start out my inner carebear and work to get that 2.5 to 10 by the end of the year, without selling my assets or toons.  To some people *cough* Gevlon *cough*,  this may not be hard at all.  To the rest of us, especially those like me, who think and plan about eve, much more than we actually have time to play, it's a bit more of a challenge.  I'll keep posting updates on how I am trying to attain the magic 11 figures liquid.  My current plans are:
Major Planned contributor:
Capital Ship Construction- I've been putting this off far too long.  The spreads are there for certain ships, that even after buying bpcs, a good amount of iskies can be made.

Minor Contributors:
1: Station Trading- I've done a bit of this earlier in the year, and the iskies were actually pretty good.  I'll probably stick to the few items I know rather well though.  Not only will this keep me within my knowledge base, but it will also keep my time needed to update orders to a minimum.
2: AFK Ice mining.  I have two of my ice mining retrievers in a system with ice fields.  Whenever there is a field I can warp them in, start mining 2 different blocks, and come back 20 minutes later (about how long it takes to fill a retriever).  Each pair of retrievers brings in 54 blocks, which is somewhere in the 9-10M ISK range.  Not bad considering it's highsec and all you have to set it and forget it.  Also the ice fields are great for someone like me who will mine if they are there, but won't care much if they are not (I'll simply do something else).
3: PI: I've been meaning to take greater advantage of corp/friendly pocos with low taxes.  I need to get these planets set up, but then I can basically be as active as I want.  (7 day cycles, or 1 day cycles).
4: POS Reactions: These can be quite profitable, however, require quite a bit of time, both initially to set up, and they have to be maintained.  If you don't maintain em, you'll quickly lose em, or they can stop being profitable, not to mention, you have keep doing all the maths to ensure that what was profitable a month ago, still is.

5: Stocking Stations: From my previous experience in this, earlier in the year, I have found 2 items that can be fairly profitable, albeit with lower turnover.  My goal then would be to sell them in as many places as possible, to get a bigger share of the market.  Not only do they pair well together, but are usually something that people don't want to go to jita for.  (I'll let you know what they are later)
6: FW Plexing/Missions: I've made a decent amount for myself doing this in the past few months, and to be honest, I'm a bit missioned out.  While I may do some of this, it will really depend on my mood.


Stay tuned, next post will not only give you an update on 11 figures, but also will critique my Odyssey predictions.