Increasing Faction Standings with Tags

For some time I have been queuing up production jobs that would be well suited for highsec. In order to anchor a POS in highsec, your corporation needs to have 5.0+ standings with the appropriate faction [detailed guide].

Since my main character has run a lot of Gallente missions in the past for ISK and has Social IV, he started off this task with a standing of 3.12 to the Gallente Federation.

Rather than grinding out more missions, I found out that there are a series of one-time agents for each faction that will trade in tags for standings. There are four Data Centers, one for each empire, located in New Eden where you can turn in tags.

You can collect these tags by running missions or by buying them off the market. A bunch of tags for one empire’s Data Center agents came out to around 352 M ISK on the Jita market. I didn’t see any major swings in prices or obvious market manipulation attempts, so I bought enough for all the agents.

Turning in these tags raised my standing from 3.12 to 4.95 with Social IV. After Social V completes, I should have more than the required 5.0 base standing in order to anchor a POS in highsec. [edit] Apparently Social skills do not come into play with anchoring rights. It appears I will have to do some more grinding to get the base standing up to 5.0+.

Chatting with all the Data Center agents

Since corporation standings are calculated as ‘the average of all corporation member standings towards that faction after the period of a week’, I will have to move this character into a 1 member corporation and wait for the standings to update.

No rush on this project, but I wanted to get the standings in order now so when it comes time to light up the production lines, I can immediately drop a POS. If you don’t want to raise your corporation’s standings yourself, you can even hire a guy to do it for you.

Perhaps I will wait for the POS rework before starting this production project. From what I have gathered listening to current CSM Chairman Seleene, the POS redesign is in the works. I haven’t been able to determine if this is slated for Winter 2012 or for Summer 2013.


Mass Tech 3 Hull Production

In addition to the massive stock of Subsystem BPCs that I recently acquired on a bulk deal, I have also picked up a large amount of Tech 3 hull BPCs.

I thought that a large batch of hulls would go along nicely with the production run of the Subsystems so I bought them after running the numbers.

The bulk deal was for enough BPCs to make 443 Hulls. The average BPC price per run on the deal came out to 18.35 M. On public contract right now, a Tengu BPC is trading at about 20-25 M/run.

Construction Skill Prerequisites That I Need

Frigate Construction IV
Cruiser Construction 5
Amarrian Starship Engineering 5
Caldari Starship Engineering 5
Gallentean Starship Engineering 5
Minmatar Starship Engineering 5

I will need to train up Cruiser Construction to V and each racial Starship Engineering to V. Each one will take around ~22 days to get to V.

I currently have 6.7 M skills in Science on my industry, invention, and research alt so this will help round him out by giving him the ability to produce a large variety of Tech 2/3 ships.

The Stock

I now have enough BPCs to make 119 Legion, 61 Loki, 51 Proteus, and 212 Tengu Hulls.

Production Run Considerations

Tech 3 Hulls and Subsystems can only be made in an Subsystem Assembly Array anchored at a POS.

A mobile assembly facility where advanced subsystems and hulls of strategic cruisers can be manufactured

3 manufacturing slots:
Base time multiplier: 1.0
Base material multiplier: 1.0

(Note: Tech III hulls cannot be assembled at starbase structures. The hulls and subsystems can only be assembled whilst docked in a station.)

Just the 212 Tengu Hulls will take 7 months to produce on 1 production line. I’m not sure how many Subsystem Assembly Array modules will go live for the run or how many characters will be trained up to produce yet.

Profit Estimations

Making 443 Hulls will produce a profit of 12.9 B minus the investment for the BPCs at 8.1 B.  The profit estimation is around 4.7 B.

Note that the previous profit number does not account for the cost of running POS.


Industry and Trading Matrix

Numbers > Words

If you can’t tell, I’m a very quantifiable person. Using numbers to guide decisions is a method of problem solving that I have cultivated as my professional career has grown.

I remember this one particular insiadent that really stood out where the numbers really proved valuable.

A few years ago when a group of difficult C-level people were up for a laptop refresh, I sent them a simple survey with a list of considerations for their new machines. Each person had rate weight, speed, storage capacity, ruggedness, maximum resolution, monitor size, etc on a scale of 1-3 (3 being the highest priority).

I then took these results and found the general need of the group. The data told me what machine to buy. I wan’t trying to tailor a machine to their needs, their needs dictated the selection. No fights were had when the machines arrived because they all knew that I had properly weighed everyone’s opinions.

To the Spreadsheets!

Since I have performed a number of industry and trading activities in Eve, I felt that the same type of analysis would offer some insight to the greater community.

I made a list of negative and positive factors and applied a value to each of them. The total value has a little bit of logic built into it to help produce a more meaningful result.

Total =(-(Sum all the bad things)+(Sum all the good things))

The English equivalent of this would be something along the line of, “Considering all the bad and good things, what is the best thing I should be doing to make money in Eve?”

(Yes the scale is 1-3, but the sheer amplitude of risk and profitability of Patch Speculation made me weight it with a 4. The external factor of CCP changing a loot table or rebalancing something on the fly is an enormous risk when speculating)

Note that these weights are based on my experiences and therefore you would most likely apply different values to each activity. Just like with the difficult C-level people, getting a larger survey group would help normalize the data and CYA.


Trading 103: QuickBar and UI Layout

The following items are some basic guidelines that I use when setting up the Eve client for my trading operation. Everyone is different, so take my suggestions into consideration when setting up your layout. There are a few ways to be productive with the current UI.

Window Layout

  1. Market on the top section. I merge Mail, Contracts, and Corporation windows into this section.
  2. Wallet with Orders tab open on the bottom merged with Inventory.
  3. Local isolated on the lower left and any special or intel channels above it.
  4. Station services left alone on the right.

QuickBar

This area of the Market interface is the lifeblood of my operation. Take the time to properly setup your lists with folders as it will allow you to quickly scan and locate items.

I’m only interested in around 400 or so items out of the thousands of items on the market — don’t spend time typing in the Search, have everything in your QuickBar!

I take one client and make it the master and when I have finalized  a number of edits to the QuickBar, I copy it to other character’s setups. There is a unique .dat file for each character.

Location
C:\Users\[user]\AppData\Local\CCP\EVE\[eve instance name]\settings (Windows 7)

File
core_user_[eve user id].dat

Example of my organized QuickBar:

Order Highlighting

Enable this with the Market > Settings > Mark my orders option. I use this to visually show how I am controlling a market. It can also give you insight into how competitive the item is by how many orders have been updated since your last check.

Updating Prices

An update operation involves me going down the Wallet > Oders list, double-clicking on each row. If an order needs updating, I right-click on it and selecting Modify Order.

Scroll-wheel

Did you know that you can move prices from the Modify window up or down by 0.01 ISK by using the scroll-wheel? I discovered this by accident. Happy 0.01’ing!


Mass Tech 3 Subsystem Production

tl;dr

I spent 4 B on a bulk deal and aquired 305 T3 Subsystem BPCs. It will cost 38 B to buy the components to build 46 B worth of Subsystems. After the blueprint investment cost, the production run will result in a 4.1 B profit (9.13%)

Note: this profit estimation does not take in account for POS fuel or taxes. Additionally, there is the hauling, build, and trading time factor that I have not calculated. Time is money and the minerals you mine are not free.

Before Inferno Unified Inventory

Tech 3 in General

Another complicated production chain greeted my eyes as I started to learn the depth of the production process. Sleeper drops/salvage, gas reactions, and POS limited production oh my.

I found that the general price of Tech 3 hulls and Subsystems have been declining in line with the build Materials over the past year. Melted Nanoribbons, which account for a large percentage of Tech 3 items, are on the decline.

This price decline can be attributed to the general movement into Wormhole space over the past two years and that people have learned how to efficiently farm Sleeper sites.

Build Requirements

SQL all the things!

I’ve got a bunch of Subsystem BPCs which need Hybrid Components. These Hybrid Components are made from Materials (Salvage and Polymers). My level in the production chain will be to buy the Salvage and Polymers, make Hybrid Components and put these together to make Subsystems.

I needed to work with a custom table to get a master list of Materials that will go into the production run from my list of BPCs.

Using my custom typeBuildReqs table (creation details here in section 301), the following query will take the typeID of the Subsystem blueprint and give you a quantity and price of Materials needed. I have a price table called assetValues, so take that section or modify as needed.

SELECT typeBuildReqs.requiredTypeID, SUM(typeBuildReqs.quantity) AS totalQuantity, invTypes.typeName, (SUM(typeBuildReqs.quantity) * assetValues.value) AS totalValue FROM typeBuildReqs
JOIN (
 SELECT invBlueprintTypes.blueprintTypeID as componentBlueprintID
 FROM typeBuildReqs
 JOIN invBlueprintTypes ON (invBlueprintTypes.productTypeID = typeBuildReqs.requiredTypeID)
 WHERE typeBuildReqs.blueprintTypeID = 30227 AND activityID = 1
) AS comp ON (comp.componentBlueprintID = typeBuildReqs.blueprintTypeID)
JOIN invTypes ON (invTypes.typeID = typeBuildReqs.requiredTypeID)
JOIN assetValues ON (assetValues.typeID = typeBuildReqs.requiredTypeID)
GROUP BY typeBuildReqs.requiredTypeID

The Spreadsheet Magic

Breakdown of BPCs by race and what Hybrid Components are needed.

Breakdown of Materials needed to build Hybrid Components and total build cost.

Melted Nanoribbons account for 71.5% of the material cost.

Bottom Line

Production Strategy

For me 38 B is a lot of liquid ISK to be tied up while these Subsystems are constructed. Since Melted Nanoribbons account for such a large portion of the cost, I plan on purchasing all of the materials in totality but initially only 25% or 33% of the total number of Nanoribbons needed.

Everything minus Nanoribbons – 10.8 B
25% Nanoribbons –  6.7 B or 33% Nanoribbons – 8.9 B

My Kingdom for a POS

Subsystems cannot be made at a NPC station and must be installed in a Subsystem Assembly Array anchored at a POS. Since I do not currently have a POS up and running, I have a few options for producing these items:

  1. Grind standing with the appropriate Faction. I do not like mission grinding. I might revisit this option once we have the (rumored) ability to change standings by trading in tags.
  2. Pay a highsec POS anchoring service to drop a tower for me after joining my corporation. Probably the easiest option and I would get a anchored tower out of the deal.
  3. Setup a POS in lowsec and hope not to be discovered. Risky as some bored gang could reinforce the tower, locking your assets until the timer is up.
  4. Contract out the Subsystem production to a corporation that can build them. Higher risk for scams, less profit due to them taking a portion of the profit, but I wouldn’t have to deal with he production line.

Conclusion

I am going to put a hold on this project as I am going to put my liquid reserve into other ventures. The return is not high enough for the time invested. I’ll keep the BPCs in my hangar and revisit in a few months.