The Myth of Mining

[Karinya_of_Carbuncle]

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.

Actually, it's even worse than that, because you took time to synth, which you could have spent mining another 5k of items and then you would have had 15k.

[InfamousDS]

@Kagato

I see the myth as an affront to farming actually, as the same logic can be applied. Of course, Woody isn't known for his love of farming anything but Rams, so he could easily apply the same logic. The biggest disparity between the 2 realms is that ores are incredibly expensive compared to similar-level items in other fields. I mine for skill-ups because I can avoid counter-campers at the guild, or I used to before I started a college degree. I just don't want HELM to be ignored entirely, as that is what the original myth suggests you should do unless you are a profiteer.

[rog]

I just don't want HELM to be ignored entirely, as that is what the original myth suggests you should do unless you are a profiteer.

No it does not. If you can make more money per unit time by mining, then you should do that. If you can make more by doing something else, you should do that.

If you would be better off doing X instead of Y, then you should not do Y.

Take an economics class, this is not hard stuff.

[InfamousDS]

No it does not. If you can make more money per unit time by mining, then you should do that. If you can make more by doing something else, you should do that.

If you would be better off doing X instead of Y, then you should not do Y.

Take an economics class, this is not hard stuff.

Funny you should say that, I asked my economics professor this question, as well as 2 business professors and an accounting post-grad. They all say that the only loss is time and time doesn't have any qualitative cost unless one is imposed upon it. Like I said originally, the counter-arguments are valid.

[rog]

Funny you should say that, I asked my economics professor this question, as well as 2 business professors and an accounting post-grad. They all say that the only loss is time and time doesn't have any qualitative cost unless one is imposed upon it. Like I said originally, the counter-arguments are valid.

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

The entire proccess is indeed profitable, but it is not as profitable as it could be, and the last step is simply retarded.

[Andylynn]

Funny you should say that, I asked my economics professor this question, as well as 2 business professors and an accounting post-grad. They all say that the only loss is time and time doesn't have any qualitative cost unless one is imposed upon it. Like I said originally, the counter-arguments are valid.

Appeal to authority (whether it be you claiming it's you, or that you 'asked an expert') is a logical fallacy, just fyi. :[

[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.

[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.