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Posts with tag Gold

The Undermine Journal returns

Undermine Journal header
Back in July, we reported on the sad news that The Undermine Journal, long a staple resource for WoW's Auction House enthusiasts, was closing down. In their corresponding blog post, they did mention that if they were working on an Undermine Journal 2.0, and hoped to have it up and running eventually. That eventuality became reality earlier this week, when The Undermine Journal reopened it's doors. The new site is still a work in progress--there's no EU support yet, for example--but they plan on having that ready to go by the time patch 6.0 arrives, so never fear.

I'm sure that news of The Undermine Journal's rebirth will be happily received by many, and may all of your auctions always be profitable. Welcome back!

Filed under: News items

5 ways to get rich off an agonizing grind

Skyshards are a bit like leprechauns: Some people never see them, and some -- usually the heavily inebriated souls awake at 2 am -- see them all the time. You need 10 for a Sky Crystal which brings Alani crashing out of her route around the Vale. Because that's the only way to get the Thundering Ruby Cloud Serpent, and because some of us are working on Mount Parade and will barf the next time we see the Argent Tournament, sometimes you just have to resign yourself to a long and boring grind. However, if you've got to kill thousands of mobs anyway, you might as well make the most out of it and improve your hourly genocidal "wages" with a few things:
  • Helpful Wikky's Whistle A rare drop off Major Nanners. While definitely the least helpful item on this list, the Whistle isn't expensive to use and doesn't use a trinket slot. Blow it, and a tiny hozen will appear. Talk to him, and he'll run off to forage for you while you kill mobs. Once you get to around 50, Wikky will reappear with a Bag of Helpful Things. Warning: He vanishes fairly quickly if you don't talk to him, so keep an eye on the emotes in your chat screen. He'll always announce his presence.
More past the cut!

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Filed under: Analysis / Opinion, Economy

Warlords of Draenor: Guild leveling and guild perk changes

Players on the Warlords of Draenor beta have noticed something a little different about guild perks in the new expansion -- a large portion of them have simply been removed entirely, including both the Fast Track and Cash Flow perks. While some assumed this was likely a bug, it turns out this is part of change that has been planned for guild leveling. Namely, guild leveling is being by and large removed from the game. Or, if you want to think of it in a slightly different fashion, all guilds will automatically be what level 25 once was.

Why the changes? Watcher hit the forums to explain, and to point out that the perks people normally associate with guilds aren't really going away entirely. Some of them, like Ride Like the Wind or Honorable Mention will just be rolled into the game as default behavior, rather than offered as a perk of any kind. So yes, while the perk is getting removed, we won't really see a change -- flight paths will simply go 25% faster by default. The Cash Flow perk, however, is being flat out removed, and Watcher had some really good points as to why this is being changed.

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Filed under: Guilds, Warlords of Draenor

Results are in for World of Wealthcraft survey

Last month, we reported that Xsinthis of The Golden Crusade was putting together his annual wealth report survey -- the third year he's put this particular survey together. The results are in, and while the pool of participants was smaller this year, there were still plenty of interesting facts to be found. The reported gold average has risen a little since the last survey, making the leap to 472,979 gold -- but nearly 81% of those surveyed were under that reported average.

Other interesting facts -- wealthy players make use of addons and websites to boost their gold-earning prowess. While that shouldn't be much of a surprise to anyone, it does mean that those looking to get a foot in the door may want to check out the various addons and websites listed if they'd like to be competitive with those already pulling in the gold. In addition, there's a section that inquires about ToS-breaking activities, and according to the survey, botting doesn't seem to be making a big impact.

All in all, it's an interesting survey, and has some good food for thought for those seeking to make more gold, or just wondering where they stand in the grand scheme of wealth and WoW players. Xsinthis has the full results, including more information about demographics and in-game activities, available for reading on his website.

Filed under: News items, Economy

World of Wealthcraft survey returns

Everyone loves data. We've posted in previous years about the World of Warcraft Gold Survey, which is a data gathering attempt run by Xsinthis, a keen WoW economist. He's gathered the past two years of data, looking at how much average gold a player has, and now he's after a third. He uses that data to provide WoW wealth reports to the community. As Xsinthis says:
As you may recall, the World of Warcraft Gold Survey (called the Wealth Survey in previous years) is an attempt to ascertain how much gold the average player has on them. In addition to this, the survey asks some background and demographic questions to gain insight on how the gold is spread out, if different aspects of the game correlate to having more gold, etc. Last year, 11,344 people participated and I got some fantastic results. This year's survey will give a third data point, and will be the first time that a second survey has been done in one expansion, so I'm really looking forward to the results this year.

The survey is really quick, should only take one or two minutes for most people, and is completely anonymous.

If you're interested in WoW wealth, take the survey! And if you want more information you can check out Xsinthis' website. The reports are really interesting reading, very in-depth, and Xsinthis does a great job of presenting the data in a readable way. For example, as he reports, last year's survey in late-Cataclysm found the wealth gap between the mega-rich and the just-getting-by in WoW had widened. Nearly 82% of those surveyed were under the reported gold average, leaving only 18% of players over it. That average? 302,593g. 58% of responders were under 100,000 gold. Interested yet? Get involved!

Filed under: Economy

Drowning in Timeless Coins

Drowning in Timeless Coins
I've been happily completing the daily over on the Timeless Isle every day -- it's an easy 50 valor points, after all. And while farming the 20 elite mobs needed for the quest, of course I've been hopping from rare mob to rare mob in search of pets or interesting toys. In the meantime, I've piled up a lot of Timeless Coins. I mean, a ridiculous number. I'd noticed people complaining that they had all these Timeless Coins, but I didn't really understand the problem. I mean, they aren't sitting in your bags taking up space in your inventory, they're just ... there. Incorporeal currency.

But it's slowly begun to sink in that there's a legitimate problem with the Timeless Isle and its bizarre form of currency -- namely that the only place you can spend that currency is on the Timeless Isle itself. Now don't get me wrong, I do enjoy buying trinkets and unusual things, but at the same time, if all those Timeless Coins pictured above were actually gold in my bank, I'd be ecstatic. Instead, I'm slightly nonplussed and wondering what the heck to do with all these incorporeal things I've gathered.

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Filed under: Analysis / Opinion, Mists of Pandaria

Is your guild bank going dry?

Is your guild bank going dry
I raid with an extremely generous 25-man raiding guild that is chugging along quite nicely through the Siege of Orgrimmar. They are kind enough to provide not only guild repairs, but potions, flasks, and feasts -- now noodle carts -- as well. The guild is pretty good about keeping everything managed, and raiders do a pretty good job about keeping the guild bank filled with materials for all the stuff that the guild supplies on a typical guild run.

But we've had a problem recently that picked up in patch 5.4. Someone mentioned that the guild bank wasn't making quite as much gold as it used to, and player repairs are bleeding the guild bank of gold almost faster than it can be put in. This seemed odd to me at the time, but I re-doubled my efforts to continue sticking herbs, gems, and whatever other useful items I came across into the guild bank, figuring it would all balance itself out. It turns out, however, that we aren't alone with our weird little problem.

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Filed under: Analysis / Opinion, Guilds, Economy

Actual gold stolen from virtual gold farmer results in ugly court battle

In Australia, where gold farming is perfectly legal (and income from such must even be filed on your tax return), Katrina Fincham had managed to earn $75,000 by farming and selling gold in World of Warcraft. As we know from farming our own gold, grinding for in-game cash takes time and effort, and Fincham was running her operation like a business -- which we're guessing takes most if not all of the fun out of things.

But when she decided to turn her newly made loot into actual gold bullion, her nest egg became a problem. While on vacation, her house was robbed and the safe containing the gold taken -- and her insurance company has refused to pay up, claiming that she was trying to swindle them by converting the cash into gold so it could be stolen. The legal battle is ongoing, but Fincham has already had to sell her house in order to pay court costs associated with fighting the insurance company. And in a final terrible twist of fate, it turns out it was an inside job: her boyfriend helped arrange the theft.

While we have no love for farmers, it's hard not to feel sorry about this: Fincham wasn't hacking or exploiting the game and had done nothing legally wrong, but farming gold has led to her financial ruin anyway. Yikes.

[Via GamePolitics]

Filed under: News items

Patch 5.4 will not bring epic gems to Mists

Patch 54 will not bring epic gems to Mists
Patch 5.4 is bringing a ton of exciting content, as we've recently discussed in video and several articles. One thing it's not bringing, though, is epic gems, as Blizzard Lead Systems Designer Greg "Ghostcrawler" Street recently confirmed.

Note how he doesn't say "not this expansion", rather just confirms that, as many expected given their total absence from the PTR, the epic gems are not coming right now. Is this a good thing or a bad thing? It will certainly ensure that the value of the blue-quality gems stays high, for now at least.

But could this be another indication that there is a patch 5.5 coming? Epic gems would certainly be one way to push players into additional content without devaluing the Siege of Orgrimmar final raid content, and many are growing concerned that, with the next expansion likely to be announced at Blizzcon in November with a beta to come shortly thereafter, we could be besieging Orgrimmar for a long old time.

Filed under: News items, Mists of Pandaria

Patch 5.4 PTR: First look at the Endless Healer Proving Grounds


Olivia wrote up a great overview of the Proving Grounds for tanks, healers, and DPS. Today I'm going to be going a little more in depth on the healing side of things. Bronze and silver were excellent warmups. I wiped once on gold due to my over confidence on the final wave but managed to overcome it. This is what the Endless difficulty on Proving Grounds looks like for healers. You'll gain a certain amount of points per round and it will continue to tick upwards until either you or a party member dies in battle. Thankfully, the NPCs will appear in your party frames. There's a spiffy achievement if you're able to reach Endless Healer: Wave 30 which nets The Proven Healer title.

Watch the video above as I play through the Endless Healer for the first time! I also narrate my spell choices and reasoning as I heal through the assorted waves.

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Gold Capped: Sha Crystals are about to get a lot cheaper

WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make gold on the Auction House. Check out Basil's gold making podcast, Call To Auction, and email Basil with your questions, comments, or hate mail!

I hope you don't have too many Sha Crystals saved up for this upcoming patch. The 5.4 PTR has new epic craftable PvP gear on it which will likely disenchant into them, and some of these pieces will take very few materials. Six Bolts of Windwool Cloth, for example, will make you a nice disenchantable purple cape. The Sha Crystal from this can be turned into two Ethereal Shards, each of which can make three Mysterious Essences.

Right now, the vast majority of enchanting materials are made through disenchanting gear crafted by tailoring or jewelcrafting. Jewelcrafters turn green quality gems into rings and amulets which DE into a lot of dust and a few essences. Tailors make blue PvP gear that disenchants into shards. Sha Crystals are only made on the daily cooldown that enchanters get, or through disenchanting epic gear obtained in other ways than crafting. Patch 5.4 will change everything. These methods will still work, but it'll get you more materials per bolt of cloth if you use the new recipes. Each purple Crystal will be able to be broken down into two blue Shards, which can be broken down into 6 green Essences. This new way will make more enchanting materials per cloth than the existing ways.

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Filed under: Economy, Gold Capped

Congressional report says you 'may' owe taxes on your WoW income

Image
If you're a World of Warcraft or Diablo 3 player, the federal government would like to have a word with you. Congress's U.S. Government Accountability Office (GAO), at the request of Senators Max Baucus (D-MT) and Orrin Hatch (R-UT), just wrote and filed a 23-page report on the tax implications of earning gold in MMORPGs. Seriously.

The report, titled "Virtual Economies and Currencies," focuses on buying, using, and selling virtual currencies like WoW gold. The key takeaway for World of Warcraft players is that the in-game economy is a "closed-flow system" -- because you can't exchange your gold for U.S. dollars, you don't need to worry about claiming those 26 gold pieces from completing a quest on your 2013 income taxes. If, however, you decide to sell your accumulated WoW items through a third-party exchange (Don't do it! It's against the Terms of Service and could get you hacked!), then you "may have earned taxable income from the sale of these virtual goods."

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Filed under: Analysis / Opinion, News items, Economy, Gold Capped, Diablo 3

Gold Capped: How to handle undercutters

gold capped
WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make gold on the Auction House. Check out Basil's gold making podcast, Call To Auction, and email Basil with your questions, comments, or hate mail!

I hear this all the time: "Every time I post anything, someone undercuts me within minutes." Luckily, there's a relatively simple solution to dealing with undercutters: ignore them. You don't ignore them hoping they go away, you ignore them because they aren't actually going to prevent you from selling your auctions.

Think back to the last time you bought something from the Auction House; let's say an enchant. You search for the best enchant you can put onto the gear. If the lowest price is affordable, you buy it. If it feels too expensive (compared to what you've paid before or what you know the materials cost), you might buy the mats and ask friends or trade chat for someone to make it for you. You might instead look at the second best enchant for the gear if it's something you won't be wearing for long or you're not expected to always use best-in-slot enchants.

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Filed under: Economy, Gold Capped, Mists of Pandaria

Gold Capped: Never scan the Auction House again

Gold Capped Never scan the Auction House again DNP
WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make gold on the Auction House. Check out Basil's gold making podcast, Call To Auction, and email Basil with your questions, comments, or hate mail!

Have you ever scanned the Auction House with TradeSkillMaster (the best auction management addon, well worth the trouble of learning) and not gotten a complete scan? Maybe you see an error message and your crafting window starts displaying unknown materials prices, even though you can see the prices right front of you when you search? This is a bug that affects anyone on a realm with a lot of auctions (more than 42554, according to the TSM error message). In essence, the GetAll scan that's used to grab a dump of the AH in a few seconds can be incomplete if there are a lot of auctions.

As far as I know, the traditional scans are immune to this, but they take a lot more time; like 20 minutes instead of 20 seconds. Even if the scans work perfectly on your realm, scanning is still an extra step that you have to do every time you want to update the prices before you queue up your crafting list. Luckily, there's a way you can get up to date price information without ever having to scan the AH again.

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Filed under: Economy, Add-Ons, Gold Capped, Mists of Pandaria

How to check the Black Market Auction house without going there

Check the Black Market Auction House on The Undermine Journal
The Black Market Auction House is a special AH that allows you to buy items that are rare and sometimes unobtainable with gold otherwise. It's an extremely effective gold sink, but it's tucked away in the middle of nowhere, and you can't see what's for sale on your realm from the remote AH. Unfortunately, since Blizzard doesn't make the BMAH accessible through the same API as the regular Auction Houses, you are expected to log in and travel to the Veiled Stair in order to see whether there was anything there for you.

The Undermine Journal is a website that collects, organizes, and displays information about the Auction House of every realm: Horde, Alliance, and Neutral. Additionally, starting in January, they launched a (still beta) feature that shows us the contents of the BMAH. Assuming you're not on a PvP realm, you can avoid the flight to the Veiled Stair to check whether there's something worth buying by simply checking the Undermine Journal.

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Filed under: Economy, Gold Capped, Mists of Pandaria

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