The Myth of Mining

[rog]

I fail to see a point to your last post.

[InfamousDS]

I fail to see a point to your last post.

Really? I start it out by saying I told them the same myth, with the same argument I have and (not posted on here, but I should have) the counter-argument. They said what I related. The friend's quote may have been unneeded, true, but I thought it related the difference between knowing a field and using acquired experiences.

[rog]

oh. No, i meant you asked those professors the wrong question.

I asked my economics professor this question, as well as 2 business professors and an accounting post-grad.

Was responding to that.

[Meyi]

And yes, you do in fact lose it. Before synthing the ores, you have 10k worth of assets. After synthing them, you have 6k worth of assets. That is the definition of a loss.

Unless you get skill ups, because as we all know, skill ups are priceless.

[rog]

Unless you get skill ups, because as we all know, skill ups are priceless.

Right, my bad.

[Coephoros]

If you do something, and then your net value is lower than it was before you did it, you lost money.

This. Thread closed.

And why does this topic always seem to come up seemingly every year?

[Flunklesnarkin]

Don't make stuff that you will lose gil on if you bought mat's

or don't synth anything you can't farm and make a decent amount of gil an hour......

mining doesn't seem like it would ever be a worthwhile thing to do.. the amount of time it takes to get from mining points.. and the useless stuff you mine up

you could be farming crystal clusters in sky and selling them or synthing other in demand items that people use for a profit

sheep leather or echo drops , holy waters w/e.. or even just farming up cruor...

mining is the worst way to make money >_<


If you are trying to skill up smithing .. you'd be better off making gil and buying ores from the guild shop / regular merchants than trying to mine up the mat's you need.

[rog]

mining doesn't seem like it would ever be a worthwhile thing to do..

It was in the past. Making gil was not as easy as it is today, and ores were worth a lot more. Today though, i am not sure why anyone would waste their time.

[Sagian]

That is not even the point. After you mine, your time is already gone. However at that point you have a choice. You could either sell the materials for 10k, or craft them, and sell the result for 6k. If you choose to do anything with the ores that does not result in the highest possible profit, you lost the difference between what you got out of it, and would you could have got out of it.

And yes, you do in fact lose it. Before synthing the ores, you have 10k worth of assets. After synthing them, you have 6k worth of assets. That is the definition of a loss.

Well, you're kida-sorta right, but not really.

The guide from which this is taken is to demonstrate a skill-up path. If you just sell the materials, you get no skill-ups. By mining your own materials, you get both the skill-ups and the proceeds from the sales.

If not taken in the context of leveling your skills, I agree with you.

[Krisan]

It was in the past. Making gil was not as easy as it is today, and ores were worth a lot more. Today though, i am not sure why anyone would waste their time.

Yeah, I recall making a million (or more) weekly back in the old days, and that was just from spending an hour or so a day mining. Ore used to be worth insane amounts of money back then, though I guess everything was kinda overpriced back then.. These days? Dunno, haven't tried mining in years. (I suspect it's crap for profit now, though.)