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Monday, 22 September 2025

Seeding a player owned station

I am in the process of helping seed the Kihtaled - PleniMart station in Kihtaled.


And the character behind it all Thanak is recording his ventures on on youtube which i have discussed elsewhere in this blog, most recently here.

The seeding of a station completely new to me.  This is clearly not my normal strategy of high value, slow moving items.  This is all about ammunition, rigs, turrets, drone etc.

So i am very open to ideas of what to buy.

The station has no obvious competition in the area.  Is on the edge of low/null sec.

So far i have seeded it with (brace yourself for a long list in a random order).:

Rorqual Blueprint
Noctis Blueprint
Orca Blueprint
Porpoise Blueprint
Covetor Blueprint
Procurer Blueprint
Retriever Blueprint
ORE Deep Core Strip Miner
'Carpo' Mining Laser Upgrade
'Aoede' Mining Laser Upgrade
ORE Gas Cloud Harvester
ORE Expanded Cargohold
Harvester Mining Drone
ORE Mining Director Mindlink
Mid-grade Harvest Alpha
Mid-grade Harvest Beta
Mid-grade Harvest Delta
Mid-grade Harvest Epsilon
Mid-grade Harvest Gamma
Mid-grade Harvest Omega
Javelin L
Spike L
Caldari Navy Iridium Charge L
Caldari Navy Iron Charge L
Caldari Navy Thorium Charge L
ECCM Script
Scan Resolution Script
Targeting Range Script
Warrior II
Hornet EC-300
'Augmented' Ice Harvesting Drone
Ice Harvesting Drone II
Mining Drone II
Medium Capacitor Booster II
Modulated Deep Core Strip Miner II
Modulated Strip Miner II
Large Core Defense Field Extender I
EM Shield Hardener II
Strip Miner I
Venture Blueprint
Helium Fuel Block Blueprint
Hydrogen Fuel Block Blueprint
Nitrogen Fuel Block Blueprint
Oxygen Fuel Block Blueprint
Mining Foreman Mindlink
Ballistic Control System II
Assault Damage Control II
Damage Control II
250mm Railgun II
425mm Railgun II
Missile Guidance Computer II
Arbalest Compact Light Missile Launcher
Light Missile Launcher II
Nanofiber Internal Structure II
Power Diagnostic System II
50MN Cold-Gas Enduring Microwarpdrive
50MN Y-T8 Compact Microwarpdrive
5MN Quad LiF Restrained Microwarpdrive
Small Polycarbon Engine Housing II
Medium Core Defense Field Extender I
Republic Fleet Medium Shield Extender
'Augmented' Mining Drone
'Excavator' Ice Harvesting Drone
'Excavator' Mining Drone
Ice Harvesting Drone I
Salvage Drone I
Salvage Drone II
Gas Cloud Harvester I
'Crop' Gas Cloud Scoop
Gas Cloud Scoop II
Venture
Retriever
Procurer
Small Drone Mining Augmentor II
Small Drone Mining Augmentor I
Medium Drone Mining Augmentor II
Medium Drone Mining Augmentor I
Large Drone Mining Augmentor II
Large Drone Mining Augmentor I
Low-grade Harvest Gamma
Low-grade Harvest Epsilon
Low-grade Harvest Delta
Low-grade Harvest Omega
Low-grade Harvest Beta
Low-grade Harvest Alpha
Rokh
Ferox
Jackdaw
ORE Strip Miner
Medium Shield Booster II
Medium Shield Booster I
Large Shield Booster II
Large Shield Booster I
Small Remote Hull Repairer II
Small Remote Hull Repairer I
Medium Remote Hull Repairer II
Medium Remote Hull Repairer I
Large Remote Hull Repairer II
Large Remote Hull Repairer I
Small Hull Repairer II
Small Hull Repairer I
Medium Hull Repairer II
Medium Hull Repairer I
Large Hull Repairer II
Large Hull Repairer I
Co-Processor II
Co-Processor I
Small Armor Repairer II
Small Armor Repairer I
Medium Armor Repairer I
Large Armor Repairer II
Large Armor Repairer I
Mining Drone I
Hobgoblin I
Acolyte I
Covetor
ORE Ice Harvester
Small Targeting System Subcontroller II
Small Targeting System Subcontroller I
Medium Targeting System Subcontroller II
Medium Targeting System Subcontroller I
Large Targeting System Subcontroller II
Large Targeting System Subcontroller I
Small Core Defense Field Extender II
Small Core Defense Field Extender I
Medium Core Defense Field Extender II
Large Core Defense Field Extender II
Small Salvage Tackle II
Small Salvage Tackle I
Medium Salvage Tackle II
Medium Salvage Tackle I
Large Salvage Tackle II
Large Salvage Tackle I
Zainou 'Beancounter' Reprocessing RX-804
Zainou 'Beancounter' Reprocessing RX-802
Zainou 'Beancounter' Reprocessing RX-801
Inherent Implants 'Yeti' Ice Harvesting IH-1005
Inherent Implants 'Yeti' Ice Harvesting IH-1003
Inherent Implants 'Yeti' Ice Harvesting IH-1001
Inherent Implants 'Highwall' Mining Upgrades MU-1005
Inherent Implants 'Highwall' Mining Upgrades MU-1003
Inherent Implants 'Highwall' Mining Upgrades MU-1001
Inherent Implants 'Highwall' Mining MX-1005
Inherent Implants 'Highwall' Mining MX-1003
Inherent Implants 'Highwall' Mining MX-1001
Eifyr and Co. 'Alchemist' Gas Harvesting GH-805
Eifyr and Co. 'Alchemist' Gas Harvesting GH-803
Zainou 'Beancounter' Industry BX-804
Zainou 'Beancounter' Industry BX-802
Zainou 'Beancounter' Industry BX-801
Social Adaptation Chip - Improved
Ocular Filter - Standard
Ocular Filter - Improved
Neural Boost - Standard
Neural Boost - Improved
Memory Augmentation - Standard
Memory Augmentation - Improved



Thursday, 18 September 2025

Fanfest 2026

Fanfest 2026 is, as we all know, 14th to the 16th May 2026 in Reykjavík.

I have bought my tickets, booked my hotel room and booked my flight from London.

Therefore, it’s very safe to assume I will be there.

I’ll arrive on the Wednesday afternoon and I’ll be leaving on the Sunday afternoon. Don’t really want to miss anything at the beginning - whilst balancing my family life (some very skilful negotiations went in with my wife to secure this trip).

And I don’t want to run the risk of oversleeping on the Sunday morning and so missing my flight home.

I’m pencilling in I’ll probably get about 8 hours sleep in the whole thing.

Anything that involves views on what happens after an undock I’ll be on receive mode. Anything that involves the markets I will just speak my words of wisdom whether anybody wants to listen or not.

I’m going to estimate it’s been about 12 or 13 years since I was in Iceland . 

Saturday, 13 September 2025

Do my Omega Accounts justify themselves?

This is a key question i have to answer.  Over my 7 Omega accounts i am effectively spending 12 billion isk to buy the Omega = 1.7 billion isk per month (a recent 12 month deal).

Each account must therefore generate at least 1.7 billion isk of profit each month to justify the Omega status.

Its all very well generating pre-Omega profits of 70 to 100 billion each month but if that is concentrated on 3 accounts, say, then the other accounts are merely a burden to the rest of the business.


The location of my seven accounts are:

Account 1: Jita / Dodixie / Amarr

Account 2: Jita / Rens / Hek

Account 3: Jita / Sobaseki / Tash-Murkon Prime

Account 4: Jita / Arnon / Alentene

Account 5: Jita / null sec / null sec

Account 6: Orovile / null sec / null sec

Account 7: Jita / Dodixie / Hek (manufacturing account)


Which are profitable enough?

The Chart below plots some of these accounts.  The lines show the estimated profit of each account based on their revenues for each month after paying for Omega.  So a line above 0 means it pays for the Omega and so justifies itself.




Accounts 1 to 3 consistently make over 1.7 billion isk per month, by a long way.  So they clearly justify being in Omega status.

Account 4 (Jita / Arnon / Alentene) is a bit more patchy but mostly justifies itself.

Account 7 is the new manufacturing Account so i am giving it longer but so far it is generating enough profits - except over the last 2 months where i have neglected it.


Accounts 5 & 6

The question mark is over the new Omega accounts (5 & 6) i moved into Omega status a year ago to take advantage of the Omega/MCT deal in June 2024 and started skill farming.

Unfortunately, i appear to have bought 12 more months of Omega until July 2026 for both of them - so i need to make them work whether i like it or not.  This occurred because i was pretty much through a bottle of red wine and was not really thinking things through when i was buying 12 more months of Omega.

The obvious idea is to either make their trading locations work or move to new locations.

Food for thought . . . . . . . . lets see where the journey takes us on these.

Tuesday, 9 September 2025

Important to stay competitive

This can not be said enough.  It is easier to keep a player from entering a market than to evict them once they are in.

All efforts are better made to holding into your market position.


What do i mean by that?

If i am the market leader in selling an item in a Region or Trade Hub then i do not want to share this with other players.

For sure, new players will try and enter my markets but at that point i must make sure that my Sell Order is the most competitive once a day.  The new entrant must know that their time and isk will be taken up updating their order on a daily basis.  And the best outcome for me is that they make no sales and so their capital is tied up on Sell Orders that need to be updated on a daily basis.

Eventually, this always happens, they will either give up or let their order expire.  And then they move on.

All i have done is make myself harder to crack than the next person, and that's all i need to do.


What does that cost me?

My broker fees will rise as i modify the price each day.  But i look at that as a standard cost of doing business.

Hence, why it is important to be maxed out in the trading skills of Accountancy, Broker Relations and Advanced Broker Relations.


What is my big advantage?

I have two big advantages.

Firstly, i focus on items that are slow moving.  So Sales will only happen once a week at best.  That will put off many new entrants alone.  I suspect many new entrants do not have the patience i have and they will not want their capital tied up in items that don't sell often and on which they are modifying the price of once a day.

Secondly, this is what i do.  Any new entrant that is treating this as a side hobby wont last.

Friday, 5 September 2025

Month end update - August 2025

I made 81bn profits in August 2025, made an accounting payment of 12bn to Omega my 7 accounts and distributed 50 billion to another Eve content generator (Gamingsincethe70s).  Therefore, my wealth rose by 19bn to 2.437 trillion isk.

My "purpose" now is to give away my profits to content generators.

So a good month.  Real life busy (holiday for the first 2 weeks of August), so manufacturing took a back seat (for the second month in a row).

Total Sell Orders on the market rose a little to was flat at 2.1 trillion and Buy Orders flatish at 0.1 trillion isk = 2.2 trillion isk on the market in total.


Omega / "accounting payments"

In June 2025 i took part in the Omega sale and spent 143 billion isk to buy 12 months Omega on all my 7 accounts.  That 143 billion isk counts to me as an asset in my wealth and i will reduce it by 12 billion each month to wind it down to zero when the Omega runs out.

Therefore, each month i will have this "accounting payment" of 12 billion isk.

More details in the section "Seven Omega Accounts to pay for" below.


Distribution Policy

My plan going forwards is to have 50 billion isk spare in my wallet, on top of isk in my manufacturing operation, for opportunities that come up and therefore i will distribute every surplus 50 billion - i.e. when i get to 100 billion isk in my wallet (on top of the isk in my manufacturing operations) i will distribute 50 billion.

I find there is no longer a "purpose" to watching my wealth rise like there was on the road to my first trillion.


Distributions

These days, the aim is to distribute my profits to the Oz Tank Show or other ventures that generate content in Eve Online.  Watching the numbers go up was great in the first trillion but lacks purpose onwards.

In August i distributed 50 billion to a content provider.  For now i will keep the name anonymous.  When i offer to donate to a "cause" / "player" i make it clear that the donation is unconditional and i won't make it public unless the person receiving it allows it or makes it public themselves.

. . . . . edit, the player announced the 50 billion on their youtube channel.  It is Gamingsincethe70s who i have written about before here and here.  He is starting another corp called Plenitude Industrial Group that focuses on industry.

ISK left in wallet = 191 billion = 188 billion normal isk + 3 billion isk in manufacturing.  So in theory i could have distributed an additional 100 billion but i am holding back given some opportunities coming up during the next few months (i think).


So far i have given 488bn to Eve shows:

260bn isk to the Oz Tank Show

92.5bn to The Oz Show

50bn to the twitch show TheOneAndOnlySidar


20bn to the podcast Declarations of War to sponsor it.

13.2bn to the Nth_Dimensional Twitch show

1.6bn to the Raff_About_It show


The Oz Tank Show started in July 2023 and i have generated profits of 1.671 trillion in the July 2023 - August 2025 period (after Omega costs) and distributed 488bn.

So that leaves 1.2 trillion isk to distribute to some venture(s).

It is early days but the Oz Show is considering having some of its tycoons sponsor a new Corporation.  Lets see.


Seven Omega Accounts to pay for

Therefore, i took advantage of the 20% plex discount and added another 12 months on all my accounts in June.

In June i spent 143 billion isk buying 12 months of Omega for 7 accounts and another 12 months for one of those accounts because i was too far into a bottle of red to be paying attention  (1 of these accounts is a manufacturing account which was an old account going back to 2012 that has been in alpha since around 2016).

My seven Omega accounts will come off Omega from July 2026 to September 2026 with one account going to October 2027.

Rather than being complicated and staggering the depreciation of this asset and figuring out how the extra 12 months will work - I will account for this in the normal way by saying from this July 2025 onwards 1/12 of the 143 billion will be recognised as a cost each month = 143/12 = 12 billion isk and the asset held in wealth will therefore reduce by 12 billion isk each month.

For the accountants amongst you that will mean come July 2026 i will have a number of free months of Omega to come including one account Omega all the way to October 2027!

If i did what i used to do which was to buy 3 months of Omega i would be spending 7x6.2x1200/3 = 17 billion isk a month.  So the 20% discount and 12 month purchase was a good deal.


The basic numbers for August

In July i had sales of 392bn isk vs July of 454bn.  So a decline of 14% but above my long term average of £325bn.

392bn is nothing special compared to other months but perhaps not too bad given i was on holiday for 2 weeks.

This comes to average daily sales of 12.6bn isk.  In other words, each evening i expect to see across all my accounts an additional 13bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.

Item profits were 122bn isk which is a margin of 31% (122/392).  So well above the 25% target.  There will be an upwards distortion from Skill Farming in here which i am sure i could work out if i had the time.

But the good news here is that though sales were 14% lower vs July, the item profits were actually slightly higher.

Taxes and Courier fees came to 41bn isk.  I am still facing a lot more competition in Blueprints which is pushing up my broker relist fees - they are now running at 3-4% of sales vs 1 to 2% historically.  Was 3% in August vs 4% in July - but that will mainly reflect the lower activity when i was on holiday!

That takes the Trading Profits to 81bn isk and so a trading margin of 20.7% (81/392).  So well above the 16% margin target which was missed in June and July.

And then from this 81bn profits i pay the 12bn Omega charge and distributed 50bn to a content generator.

That was how 392 billion isk of sales became 19 billion isk of profits.


What is needed to get wealth to rise to 100bn in a month?

In some ways, i am there now - lets see if i can get this to work.

I would need to make daily sales of 18bn on my 25% item market - that has never happened.  Therefore, to achieve 100bn profits a month i need to do one or some of three things.

1) Increase my item margin above 25% - possible but a risk.

2) Keep on doing Skill Farming - i packed that in when my 12 months of skill farming ended in June / July 2025.  Still making some sales from the tail end of it but it is no longer going to feature in the near term.

3) Expand into station trading - i sort of do that but not to any big deal.  So this is possible.

4) Expand into manufacturing - which i am now giving a real shot.  The interview with Sir SmashAlot on the Oz Show was inspirational.  As was an old youtube series Building my Industrial Empire.


My Sales Strategy

I have redesigned how i operate each evening now that i use the Eve Excel Addin fully within my business.

it takes 10 minutes to go through my trading locations to work out what needs to be bought from Jita to be sold and also what Sell Orders need to be updated.

It takes 10 minutes to buy the items from Jita and set up courier contracts and adjust all the noted Sell Orders.

And then 5 minutes to put the couriered items up for Sale when they arrive later.

What used to take 45 minutes now takes 20-25 minutes.

And then once a weak i do a deeper dive into each trading location to see what new items i can sell.  That can take a full 20 minutes.


My overall strategy remains to Buy from Sell Orders in Jita to sell in the trading hubs in other Regions.

I don't sell consumable items such as ammunition given they tend to be high volume and very competitive.  That includes ships.

I rarely sell items used as components in manufacturing because the end buyer tends to be cost conscious (and armed with spreadsheets) and able to manufacture the items themselves if market prices are too high.

I sell items that are in low supply and sell very slowly.  These items tend to have very low competition - sellers want to get cash quickly and so don't bother in these items.  If i put an item on the market and it sells in 15 days that is fine with me.

These items also tend to be price insensitive - players will buy the item almost whatever the price.  The Buyer is much more interested in getting the item to use now rather than setting off to Jita to get it cheaper.

I sell items that are typically bought to kit a ship as a player progresses or has to replace a destroyed ship / pod.

Each month i sell 20-30% of what i had to sell at the start of the month.

I have a rule that the minimum profits have to be 100m isk.  It is no use me buying items for 5m to sell them for 15m.  The profitability may be great but that won't move the dials.  That said, it is surprising how many items i can buy for 120m from Jita Sell Orders and sell for 220m in the other trading hubs.  At that isk level, players re-equipping don't care about spending an additional 100m isk to save time.

And in the secondary trading hubs Amarr / Dodixie / Rens / Hek buyers will not travel even one jump to buy a cheaper item.  For example, i can post an item for sale in the main Rens Trading up for 300m, and even if one jump away the same item is for sale for 250m the item in the main Trading Hub will still be the item sold.

Also, i recently moved to only selling items that sell over at least 500 million isk.

Therefore, i mostly sell Implants, Blueprints, ship equipment and some structure modules.  And more recently Large Skill Injectors.


What is selling well in August

Amarr for the fifth month in a row is the best sales location, followed by Hek and then Rens.

Dodixie has fallen off a cliff.  It is now behind Amarr, Rens, Hek, Sobaseki, one null sec location i have and Jita station trading.  This is seriously bad news and i need to investigate what is going on.

And then out of no where Tash-Murkon came third followed by Rens and then Sobaseki and Delve both did better than Hek.

I don't really want to see Dodixie die off - it has historically been my first or second strongest sales location.

The main competitive issue remains Blueprints where in a number of my Trading Locations they are all being undercut on the daily basis and so we have a trading war going on.

That all said, Blueprints remains a good source of income as do implants and ship equipment.  Mining items no longer - too competitive.

If mining related items do well then i tend to have a good month - i saw a bit of that this month.


Manufacturing

The Oz Show had a great interview with Sir SmashAlot where he talked about his manufacturing activities to the tune of making over 1 trillion profits per month!

And the author of the blog I wanna be a Trillionaire, so frickin' bad... has moved into manufacturing and is making a good job of it.

And going back a few years there was a great youtube series Building my Industrial Empire (who is now back).

Early days, i am making some profits and will update this blog as i go.

Ideally, i want to create a process that i can scale.


Planetary Interaction

I have re-started this.  18 planets for now, set to staggered 14 day cycles.  During July / August i plan to redesign all this and perhaps move out of High Sec.


Research

For now, i have stopped trying to make this work.


Station Trading

All in Jita.  I focused a bit more on it and made sales of 56bn isk which is inline with the long term average.

I don't really have a process up and running that is scalable.  But what i am doing is focusing on slow moving but higher valued items where i would make a large profit.  The big bucks are made by buying items for say 20 billion and selling them for 26 billion.

My idea of station trading is not buying items when they look cheap.  For me, station trading is about sticking to the slow moving items and quite often i am the only person in Jita trying to sell an item.  Almost always Selling for over 1bn isk.

What i don't do is Investing.  I.e. i don't buy an item now i think is cheap and hold onto it to sell it a few months later when the price has risen.


Alpha Accounts

I have 1 Alpha account with a character in Venal left.  All the others were upgraded to Omega last summer to start Skill Farming.


Old Accounts

This is my third outing in Eve Online.  I still have the characters of the prior two attempts and i have resurrected them all.  One account is Omega and does manufacturing the rest remain as Alpha for now.


Plex

I bad 18,300 Plex at the end of July and spent all of that buying 12 months of Omega across all my Omega accounts (and another 12 months on one account because i was too far into a bottle of red wine to notice).  So i have around 260 Plex left.

Thinking about whether or not to rebuild - for now i won't.  CCP seem to be taking actions to make this less lucrative so for now i will hold off.


Items in hanger for sale

There are a number of items that i sell that can only be sourced from Regions outside of The Forge (the home of Jita).

To make my life easier, i buy them from their home bases and have them couriered to Jita to be stored ready to be couriered to their final sale destination.  Makes life a lot easier for the cost of one transport leg.

Also, given i am skill farming i have a number of Skill Extractors and Large Skill Injectors sitting in hangers waiting to be used / sold - these are being sold down over time.

In all, some 318bn isk of items in Hangers.


Buy Orders

Buy Orders have varied over time and peaked at around and are at a new high of 128bn.  Whilst i am not focusing on Station Trading in Jita i am taking more opportunities in all this,

Once i get a grip, Buy Orders will also increase as i ramp up the Station Trading in Jita.


ISK

I have 191bn spare ISK kicking around.

For the last 12 months the average ISK in wallets has been over 100bn compared to around 50bn before this.

The reason for his is purely real life being busy and so not having the time to make sure everything is invested.

I want to enhance station trading a bit but i also want to keep distributing my isk to other content providers.

I now have a new distribution policy where i will distribute all blocks of 50 billion isk above 50 billion + manufacturing isk in my wallet.


Current Wealth

Current wealth is 2.437 trillion ISK made up from:
  • Plex held as an investment 2bn ISK
  • Items in hanger for sale 318bn ISK
  • Items in hanger for use in business 11bn ISK
  • Omega brought forward 119bn ISK
  • Buy orders on the market 128bn ISK
  • items for sale 2.09 trillion ISK
  • less a 20% provision 417bn ISK*
  • ISK in wallet 191bn ISK

When i add up my wealth, I don't count assets I use in the course of my business such as ships, fittings etc nor do I add back any expenses such as skills purchased etc.  The wealth I disclose is made up of items that are ISK or are in the process of being converted to ISK or are used to generate isk that can be readily resold back onto the market.  Any ships or skills or fittings etc i buy are counted as expenses in that month.  The only exception to this rule is Blueprint Originals i use for manufacturing.  They are held at cost.

* I take a 20% provision against the items I am selling.  Eve calculates wealth by adding up the value of the sell orders hence it is possible to increase your wealth by buying an item for 100m ISK and putting a sell order for 120m ISK (in this case your wealth would increase by 20m ISK).  For me, I want my wealth to be calculated at cost.  I know that the value of my sell orders will likely fall over time as I update my orders downwards as competition reduces their prices before my items are sold.  Hence the 20% provision is my best guess as to what the maximum reduction I would need to make to my sell orders as a whole before they are sold.  In an ideal world I would value my sell orders at the value which I bought the items for.