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7-07-2010 @ 4:41PM
My main used to be a miner, and while she didn't farm huge quantities of ore, she had a small, comfortable income selling a few stacks of saronite ore every day for 20g-25g/stack. There were actually several people on my server like that, and the price was stable. Then, out of nowhere, there were suddenly a new handful of sellers who were each posting 30 to 50 stacks of saronite at a time, for stupid low prices (often less than 12g50s/stack - less than they'd get by smelting the ore and vendoring the bars). And these people were posting in those quantities, at those prices, day after day after day after day. The fact that they kept it up day after day tells me they weren't just selling old stockpiles - it had to be botters.They completely destroyed the market, and I wouldn't be surprised if a lot of the old, legit farmers just gave up and switched professions like I did. It just wasn't worth my time any more. Now the botters have been banned and a new crop of legit farmers hasn't arisen yet.
7-07-2010 @ 6:11PM
If the ore was under 12.5 you could have bought it all, smelted it with your miner, and vendored it.
7-07-2010 @ 6:57PM
What, and give these people my money?
7-07-2010 @ 11:34PM
You're complaining about the market being "ruined" when, with mining, you could have turned a profit. Seems silly to me.
7-07-2010 @ 11:55PM
Eh, it was the principle of the thing to me. Buying their ore myself would have been like a small businessman complaining about a Wal-Mart opening up and undercutting local businesses, and then shopping at Wal-Mart himself.In any case, they weren't /always/ selling it lower than 12.5. Usually it was just a bit above that, so that it was actually more "profitable" for me to smelt and vendor /my own/ ore than to try to undercut them. I don't remember the actual numbers, but there was a certain price point where these sellers could sell for just above 12.5 so that it wasn't profitable for others to buy/smelt/vendor the stuff, but they were still essentially taking a loss (vs. vendoring bars themselves) once the AH "cut" was subtracted from their proceeds. That prevented anybody from trying to undercut them. And thanks to the sheer volume these guys were posting, you couldn't even do the "buy their low-priced stuff and repost it higher" thing - they'd just come back the next day with 30 more stacks of dirt-cheap ore and all the stuff you bought and reposted would just get returned to you unsold.The end result was that smelting and vendoring my own bars became the only "profitable" thing to do, but it meant a return of only 1/2 of what I'd been getting previously for the same time/effort. So it just wasn't worth my time.
7-08-2010 @ 12:00AM
Also, and directly to the point of the article, buying and smelting the ore and vendoring the bars takes the mats completely out of circulation, still leaving crafters with no mats to buy. It's not like the crafters can go to the vendor and purchase the bars I sold.
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