MCT deal from June 2024 - now paid off leaving 6 months pure profit to come

The June 2024 Omega and MCT Deal

Back in June 2024 i took advantage of what was a brilliant deal to buy 12 months of Omega (the game ticket to allow premium play) and 24 MCT (allows me to train the other 2 characters in an account) for all my 6 accounts.

I actually upgraded 2 of my Alpha accounts to Omega to participate further in this.

My view at the time was that i could take part in this and through the skill farming from all the characters i did not need to train anymore i could pay for the cost in 6 months and then make good profits in the final 6 months.  And therefore get the 12 months of Omega for free.

The result to date (actually to mid January 2025)

The cost was 130bn isk - that was the catch, you had to have c22bn or so per account lying around.

In 6 months I have covered all the costs amd made profits of 4bn isk after all costs including taxes.  So the 130bn is now covered.  Inline with expectations.

Therefore, i have 6 more months of pure profit making to come from skill training.  Not unfair to assume i can make another 135bn in that time.

So, this deal in June got me 12 months of Omega for free and i will make total profits of 135bn.  Fantastic.

Profit vs Cash

Worth noting that i am still buying Skill Extractors to cover for the next 6 months.  Therefore, although i am in profit the net cash spent (sales less all costs) is still 181bn isk.  As is the case in real life, profit is not cash but they do converge over time.

How does this reconcile?  Well, I have 149bn of Skill Extractors in inventory and 36bn of Skill Injectors in inventory, and then the cash spent of 181bn.  Hence, 149+36-181 = 4bn profit.

The 36bn of Skill Injectors are valued at lower than the bid price of Jita - so i am comfortable there.  The 149bn of Extractors reflects the price i paid for them and they will be converted into higher value Skill Injectors anyway - so i am comfortable with the value of these.

The maximum net cash i had spent during all this was 261bn.  That reflects the 130bn initial cost and then buying Skill Extractors at good prices to get the Skill Farm flowing.

The Accounting of this all.

For the Accountants here, the below shows the Profit & Loss Account, Balance Sheet and Cash Flow Statement of this venture.

The narrative above discussed the Balance Sheet.

Tbe Profit & Loss Statement shows 280bn of sales, 13.6bn of Gross Profits and then after Transaction Taxes and Broker Fees gives the Profits of 3.8bn.

The "Cost of Sales" is made up of isk spent on extractors and startup less items i have in inventory.  i.e. what is going on here is that if i spend 100bn on extractors but still had 80bn of them in inventory then for the purposes of this profit calculation i recognise that as 20bn spent as costs.

The Cashflow statement shows how the profits of 3.8bn ends up being cash spent of 180.6bn.  The answer is that i have spent 148bn on skill extractors that i still hold in inventory and i have 36bn of Injectors still to sell.  In the Accounting world that is known as the "movement in working capital".

The Omega + MCT deal on the New Eden Store = brilliant offer

Right off the bat, this offer has either come to an end or been withdrawn by CCP.

Strange Net goes through it all and below is my writeup of the maths and me going for it.

What was on offer?

On the ingame store, the New Eden Store, CCP was offering Omega deals + Multiple Character Training (3 characters) bundle.

This was a brilliant deal

The table below shows what was on offer:

To explain the table, take the first row:

CCP was offering 1 month Omega + 2 Multiple Character Training certificates for 600 Plex.

The normal cost of 1 month Omega, shown in the table in the next section, is 500 Plex.

In other words, it would cost 100 Plex for 2 Multiple Character Training certificates which comes to 50 Plex per month across the Account.

50 Plex at 5.2m isk costs 260m isk.  2 Multiple Character Training certificates on the market costs 4bn isk or, in the ingame store costs 350 Plex.

I went for it

I was coming up to the point where i had to renew my 3 month Omega across my 4 Accounts anyway but i was waiting for the Plex price to fall to 4.6m (i had sold all my Plex when it spike to 5.4m in a recent deal).

However, even with Plex at 5.2m i decided that this deal was too good to miss and went for it.

Therefore, i spent 28bn isk to buy the 3 month omega + 6 month MCT across 4 accounts.

How to think of this deal

I was always going to buy the 3 month Omega anyway - so that is a sunk cost.  Therefore, it is what i pay for Multiple Character Training that i focus on.

In effect, i bought 6 Multiple Character Training certificates  in 4 Accounts for 600 Plex = 3.1bn isk.

If i had bought this in the market, i would be paying 2bn isk per character per month.  I other words, 2bn x 8 characters x 3 months = 48 bn isk or, in the ingame store, i would pay 1500 Plex x 4 Accounts = 6000 Plex.

Which ever way i look at it, i got around a 90% discount.

Entering the Skill farming market

Now, i have 11 characters that have more than 5.5m skill points (the amount required before skill points can be extracted).

Each character generates 37.5 skill points a minute (i have not maxed them out by mapping, merely got the best implants).

That means, over 3 months i can generate 53m skill points:

Each skill extractor can take 500,000 skill points so i will need around 107 skill extractors.

Today, the difference in price between a Skill Extractor and Skill Injector is 400m isk.  If that difference holds (i doubt it, but lets dream) then over 3 months i would generate 42bn isk before Broker Fees and Transaction Taxes.

Easily covering the 3.1bn outlay.

This has to be the best deal i have seen.