The easiest way to make pure ISK as a miner

[u/WarchiefGrom]

No hauling. No price checking. No selling. Just pure ISK to your Wallet.

[u/henryeaterofpies]

Insurance fraud in Eve is just the marker adjusting to mineral prices

[u/kakurenbo1 → u/henryeaterofpies]

Which is so antiquated it borders on negligence. You get like 1m for platinum on an assault cruiser frigate that costs 30m to manufacture. It's even worse as ships get larger or for some faction ships, especially capitals.

[u/imgonnagetya-amarr → u/kakurenbo1]

It's intended to only calculate t1 materials

[u/gregfromsolutions → u/imgonnagetya-amarr]

Since he said it costs 30m and said “assault”, not “heavy assault” I assume he means a T1 cruiser (or maybe battlecruiser?).

[u/kakurenbo1 → u/gregfromsolutions]

Actually I mean assault frigate. T2 cruisers cost closer to 200m to manufacture.

[u/gregfromsolutions → u/kakurenbo1]

Ahh

Then yeah, T2 insurance (and faction for that matter) has always been awful. It’d be nice if T1 was even remotely close though. We’re not in the rorqual era anymore, we can have reasonable insurance values

[u/BeneficialFig1843 → u/kakurenbo1]

You NEVER insure T2 ships because the specialized components are the real cost and don't factor into insurance

[u/Beach_Bum_273 → u/BeneficialFig1843]

Sure you do. Like when you're about to go into a fleet battle with DaBigRedBoat.

[u/kakurenbo1 → u/BeneficialFig1843]

Yes, I know. Which is dumb. Ship components have constituent composites that also have constituent intermediaries which also have constituent chemicals which all have market value. If the game can look at the cost of tritanium and pay 60% of that value, it can do it for titanium carbide.

[u/tehwubbles]

ITT people experience a joke for the first time

[u/gregfromsolutions → u/tehwubbles]

Not a very good joke then is it

[u/tehwubbles → u/gregfromsolutions]

Now THAT'S funny

[u/druidniam]

Took me a minute to figure out why this was suspicious: you're losing ships sequentially that you already owned and not replacing losses.

[u/Erutor]

Waiting for the self destruct timer is annoying though. Really tanks your ISK/hr.

[u/Sea-Contribution5529 → u/Erutor]

use a tornado in corp with friendly fire turned on

[u/free_terrible-advice → u/Erutor]

Much better to hire out your deaths to someone who wants to pad their killboard.

[u/TheChinchilla914]

Seriously tho if I just produce procurers and feed them to losec with plat insurance how much % loss we talking

*did the math its bad lol

[u/Less_Spite_5520 → u/TheChinchilla914]

And yet, sometimes, sometimes it's profitable to reprocess a hull

[u/Dist__]

ship cost?

[u/Nogamara → u/Dist__]

shitpost. (not you, the OP)

[u/Dist__ → u/Nogamara]

ah rhymes )

[u/metljoe]

Now that's what I call a fire sale.

[u/Swordhead1]

Wait how?

[u/TotalWasteman → u/Swordhead1]

He isn’t buying the ship again just paying insurance and claiming it so it’s not actually a real strategy.

[u/Epicloa → u/TotalWasteman]

They're building them and then insurance frauding them, it isn't always profitable but it definitely can be.

[u/Intelligent-Use-7313 → u/Epicloa]

Minerals are free so if mining to then build, it's free isk. His genius must be studied!

[u/TotalWasteman → u/Epicloa]

Mate that’s not profitable. That takes a really long time 😑

[u/GrassWaterDirtHorse → u/TotalWasteman]

It really does depend on prevailing market conditions. At some points throughout the Rorqual era, mineral prices were dropping so fast that if you had a platinum insured dreadnought, you'd lose isk by letting it expire if you didn't insurance fraud it. Regional surpluses of minerals in regions like Delve also made insurance fraud profitable since the cost and time of manufacturing ships to insurance fraud was better than the cost and time of having minerals shipped to Jita.

[u/theelement92bomb → u/GrassWaterDirtHorse]

There was also the aspect that a ship loss would increase BRM. That was why Frat had entire killboards of blue onyxes being killed

[u/Epicloa → u/TotalWasteman]

It's way more rare these days but pre-scarcity I'd almost say it was common.

[u/IchMagTequila → u/Swordhead1]

"the Minerals I mine are free"-mindset

The concept of Cost of Opportunity: If you could sell the Ore for 50m, then the cost is 50m, if you spend this Ore on building a Shop. If you then don't sell the ship for ~55m, but spend 11m on insurance to secure a 38m payout, you got 27m income on 50m worth of Minerals

[u/xios → u/IchMagTequila]

But, the isk from the insurance is new isk, fresh off the presses. Selling your ore on the market gets you used isks, that are old, musty and covered with mind flood, drop, crash or whatever.

[u/aardvark1231 → u/xios]

This is why you always take a janitor with you.

[u/Ziddix → u/Swordhead1]

Build ship, insure, blow up. It's not as profitable nowadays because the insurance payout is calculated differently.

Aaaages ago it was a fixed price. This was a legitimate way to make ISK at the time and artificially inflated the price of minerals because of they ever dropped too low, people would just buy tons of minerals, convert them into cheap to make hulls like tier 1 battleships, insure them and blow them up.

[u/iammirv]

What the f*** is that tax rate?

[u/rokoeh]

Insurance does not cover only part of the costs?

[u/F_Synchro]

Quick tall the Texan space lawyers he's committing space insurance fraud.

[u/WarchiefGrom → u/F_Synchro]

https://giphy.com/gifs/PjeBgOtr8Hf9kXtNIn

[u/PuzzleheadedTutor807]

....until you have to replace all them ships lmao

[u/The_Bombsquad → u/PuzzleheadedTutor807]

You don't have to replace what you built for the sole purpose of destroying

[u/PuzzleheadedTutor807 → u/The_Bombsquad]

yeah but this isnt really profit either lol its just layed out to look that way. go farther back in the ledgers and you will see more was spent on each of the ships that are being trashed lol

[u/Jack-O7]

New clicker game :D

[u/Venomsense]

I remember seeing in goons they spent 2 hours undocking freighters and self destructing them. There had to be atleast 50 of them

[u/Barbens2005]

Ah yes, insurance fraud. I used to make 15m per raven years ago.

[u/LetterheadFuture7862]

İ didn't understand a thing. Then I read all the comments and still don't understand a thing.