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Prospecting PyriteFollow

#1 Jan 01 2011 at 1:27 PM Rating: Decent
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Was prospecting ores and decided to try four stacks of Pyrite to see how it produced - green and blue returns were about on par with electrum ore but every single prospect gave 1-3 volatile earths - 30 total from four stacks. With the pyrite going for around 210 a stack that effectively gave me a free stack as earth is running 8g each (best price) at the moment.

I'm going to mess around a bit more next time I do some mass prospecting (kill ten stacks of each and then count results vs costs) but with the earth drop effectively making pyrite ore "buy three, get one free" in this single test this could ***possibly*** make pyrite cheaper to prospect then the other ores at current AH prices.
#2 Jan 01 2011 at 11:04 PM Rating: Decent
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So, what you're saying is, that based on a statistically insignificant sample, and the economic parameters of your specific server, it may, possibly apply to your server. Hmm, okay...I'll stay tuned with bated breath.
#3 Jan 01 2011 at 11:28 PM Rating: Default
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Only if you're a slack jawed window licking moron - for those who aren't I'm noting that this is something to explore as this small initial sample had positive results (thus the ***possible*** in the OP) and that I'll be doing more research and posting more results when I'm done counting the gold made on this batch of shadowspirit diamonds - happy prospecting!
#4 Jan 02 2011 at 4:05 PM Rating: Excellent
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So your not going to wait until prospecting pyrite has the potential for epic gems?

Great idea.
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#5 Jan 02 2011 at 5:08 PM Rating: Good
Wtf is electrum ore?
#6 Jan 08 2011 at 3:44 PM Rating: Good
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Horsemouth wrote:
So your not going to wait until prospecting pyrite has the potential for epic gems?

Great idea.



It makes a lot more sense then storing something for 6+ months. Do we even know if pyrite will ever yield epic gems?

This is a perfectly fine idea to make gold. In fact, it can be great under the right circumstances. Especially if you are sitting on multiple professions. Take advantage of it while you can.

The price of this ore will most likely keep falling as the months drag on. That is when you want to start saving them. Eventually volatile earths be so common they will probably a couple gold or less.

Until then, use this Spreadsheet created by members of the consortium. It is a spreadsheet that can tell you if your server is right for this. You can also read through the 6 page thread on the topic if you still have your doubts. There is lots of math there. (also a direct link to the spreadsheet from the author)




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#7 Apr 23 2011 at 12:49 AM Rating: Decent
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OK, since I shared this advice in another thread I'll share it here - with an average of two volatile lifes per prospect, on my server at least, prospecting pyrite is incredibly profitable.

The results are very situational - I don't buy pyrite that's more then 5.5g each and I sell volatile earth for 16-17g each - at an average of about two earth per pyrite you could technically buy it at (based off of my server's prices) for as much as 30ish gold for 5 and still end up ahead (sell the earth and the green and blue gems are pure profit).

I'm at around 3k pure profit (and a ton of free green and blue gems epics or not) doing this so far - feel free to rate up or down, but my JC is still rich beeotch.
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#8 Apr 23 2011 at 9:56 AM Rating: Good
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Your server is @#%^ed up.
Earth and life are 1-3g each, stacks of pyrite are 100-120 and the only blue gem worth more than 10-15g are the red ones and even those are usually only 30g.
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#9 Jun 06 2011 at 8:07 AM Rating: Decent
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Earth can be as high as 15g each on the multiple realms I play on.

That said, elementium is 30g where I play (or less) and you can buy it in mass bulk. I routinely drop 5000-10,000g on ore, prospect for hours at a time.

Did you know you can VENDOR all green gems for 5g uncut each? Every prospect, at a minimum, you get 1 green gem. So bare minimum, you can vendor your stuff for 20g and you paid 30g or less from it. And in reality, you average at least one blue gem per stack, and often proc multiple greens on prospecting. Sometimes one prospect even gives 2 greens and 2 blues, I love when that happens.

Now I rarely actually vendor the green gems, generally zephyrites I'll vendor since I can hardly sell cuts on the AH. I make rings/necks out of the rest (and fist weapons). When you make those rings/necks they are green items but have a decent chance at procing a blue item. I sell the blues on the AH for 100-400g a piece, I disenchant the greens. My entire process is much like the old "saronite shuffle". Now the hard part is dust is near worthless on my realm, like 1.50 a piece so its possible to lose money on dust, but essences are worth 40g average so I generally make gold on the disenchant game, plus the blue necklaces and rings make it worth it, I sell like 5-20 of them a day.

Haven't tried pyrite myself, with elementium averaging 27g a stack and me buying hundreds of them at a time, I couldnt see myself dropping 200+ gold per stack on pyrite just to get some volatile earth out of it.


edit- I know they are dropping vendor prices on gems in the future though, so careful of that if you read this 1 month or so from now. I think I heard they are dropping to 90 silver.

Edited, Jun 6th 2011 10:08am by mikelolol
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#10 Jun 06 2011 at 12:22 PM Rating: Decent
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Quote:
Did you know you can VENDOR all green gems for 5g uncut each?


The vendor prices for all uncut green gems is getting nerfed to the ground in 4.2 unfortunatly.
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