Is mining a dead venture?

Ok so just a thought, I spend a fare amount of time mining and I enjoy it.
Anyway the last few weeks I have seen the prices drop across the board on various Ores.
The price of Veldspar is laughable right now and I don’t see it getting better. That being said,

If the prices are going down but the time and risk spent to mine it isn’t going down . . . what is the point?

I really don’t feel like spending 2 hours of my time in a belt if I am making half of what I used to.
kind of pointless.
any thoughts on whether or not prices will go back up?

I like moon mining my self. Moon goo has risen considerately. Then getting the ore to be made into t2 ammo or ships. Industry just doesn’t stop at simply mining/selling ore.

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Q: Is mining a dead Venture?

A: Only if it involves gankers.

:smirk:

:dealwithitparrot:

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because prices were insanely high for a while current prices seem low. however, the regular mineral content of larger ships has been dramatically reduced so naturally the prices are moving back to lower levels. isk per hour mining is generally better on moons and minerals like mercoxit. the higher value stuff generally in NULL space. Perhaps you should find a corp that will give you a try. if you like it, stay and be part of the team.

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Well I hope these prices aren’t going to be the norm because we are really taking a bath.
Also ccp should really consider fixing the estimated pricing feature in the inventory window as it almost reads 60% the value of said Ore.
Right now I am looking at an estimated 678mill and on Eve Appraisal is giving me 443mill buy value and 602 sell value. This is disturbing considering a Gallon of milk costs 700,000 isk.

Actually currently veldspar is the most valuable HS ore. Anyway, mining is in a really bad shape, the isk/hour dropped considerably with messing the production recipies, I am aware that mineral prices rise when the update news came in, but current prices are -30% compared to the prices before news. I don’t see how this will change in the future, but the demand side shrunk by a lot, I assume because of more limited capital production.

The next economy reports stat on manufacturing volume will be really interesting.

They’re going to nerf all the mining ships soon too.