Is Titanium Ore Profitable still?

[shadowsx]

Hi MMOwned!


So i was wondering myself how profitable titanium ore still is, and so i did some math to see if it was or not.

i took the price of all the gems possible


#######
#GREENS#
#######

- Drop Rate = 150%

Bloodstone - 3g
Dark Jade - 10g
Chalcedony - 11g
Huge Citrine - 5g
Sun Crystal - 2g
Shadow Crystal - 10g

average green gem profit: min - 6g80s / max - 13g66s

######
#BLUES#
######

- Drop Rate = 26% uncut / cut

Scarlet Ruby - 30g / 50g
Sky Sapphire - 5g / 15g
Twilight Opal - 6g / 15g
Forest Emereald - 2g / 6g
Monarch Topaz - 7g / 19g
Autum's Glow - 6g / 18g

average blue gem profit: min - 20g50s / max - 41g

######
#EPICS#
######

- Drop Rate = 28% uncut / cut

Cardinal Ruby - 200g / 240g
Ametrine - 160g / 220g
King's Amber - 150g / 190g
Majestic Zircon - 140g / 175g
Eye of Zul - 75g / 135g
Dreadstone -150g / 175g

Average EPIC gem profit: min - 189g / max - 189g (2 epic gems can be prospected at ounce but is rare)

#######
#powder#
#######

- Drop Rate = 65%

Titanium Powder - 30g

+++++++++++++++++++++++

Titanium Ore stack cost : 240g
- Prospect cost : 60g


min. profit for 1 prospect (1green 1powder) : 36g8s
max. profit for 1 prospect (1epic 1blue 1green 1powder) : 246g

++++++++++++++++++++++++

on average each stack will yield

- 3 powder (90g)
- 6 green gems (40g80s)
- 2 blue gems (41g)
- 1 epic gem (189g)


Stack cost - 240g
Net sales for 1 stack - 360g



PROFIT : 120g

so yes, it seems titanium ore is profitable investment



+++++++++++++++++++++++++++++++++++++

Q: Why are Dark Jade, Chalcedony, and Shadow Crystal's more expensive?
A: they are needed to craft Icy Prism.

Q: why are Scarlet Ruby's so highly priced compared to others?
A: they are red and are the most demanded gem color for any class, and the others are almost worthless now with epics.

++++++++++++++++++++++++++++++++++++++

Feedback Appreciated, and i wish everyone a happy day! :wave:

[Viral Fly-by]

Um...no?

At 65% drop rate, you would only get 2.6 powders per stack...so that's 78g...not 90g. Also Wowhead lists the drop rate at 58%...which would be 69g60s.


Also the blues are 24% drop rate.....even at your 26%, you would get only 1.56 blues per stack...not 2....with your "cut" prices that's only 31g98s.


Also the purples are only 27% drop rate....at your 28%, you would get 1.12 purples per stack (assuming 2 epics is not possible)...again with your "cut" prices that's 211g87s


So it would really give:

Powder: 72g
Greens: 40g80s
Blues: 31g98s
Purples: 211g87s

That's 356g65s....only slightly less than what you say...but more important is that more of the profit is derived from purples than you indicate. You can't just round the numbers... If there chance is 1.56 blues per stack, you can't round that to 2....just like you can't round the 1.12 purples per stack down to 1.


That said, your approach is solid and is exactly what people should think about and how they should go about it. I am curious where you took all of the prices from though.

[Unholyshaman]

Thanks for the update then.

I am curious where you took all of the prices from though.

I'm guessing his Auctioneer Database or ingame AH results.

[Viral Fly-by]

I'm guessing his Auctioneer Database or ingame AH results.

Yea I suspect you're right...but that's so realm- and faction-specific.

I can't wait for online AH through the armory....I'm going to automate the crap out of that to find trends of what days/times stuff is selling lower or higher and be able to just pull the numbers for these kinds of calculations automatically. It's gonna be beautiful...

[shadowsx]

Um...no?

At 65% drop rate, you would only get 2.6 powders per stack...so that's 78g...not 90g. Also Wowhead lists the drop rate at 58%...which would be 69g60s.


Also the blues are 24% drop rate.....even at your 26%, you would get only 1.56 blues per stack...not 2....with your "cut" prices that's only 31g98s.


Also the purples are only 27% drop rate....at your 28%, you would get 1.12 purples per stack (assuming 2 epics is not possible)...again with your "cut" prices that's 211g87s


So it would really give:

Powder: 72g
Greens: 40g80s
Blues: 31g98s
Purples: 211g87s

That's 356g65s....only slightly less than what you say...but more important is that more of the profit is derived from purples than you indicate. You can't just round the numbers... If there chance is 1.56 blues per stack, you can't round that to 2....just like you can't round the 1.12 purples per stack down to 1.


That said, your approach is solid and is exactly what people should think about and how they should go about it. I am curious where you took all of the prices from though.

but the thing is there is no such thing as 1 and a half blue gems, or 1 and 1/10th a purple gem, its 1 blue / 1 purple, but thanks for ur input

[Viral Fly-by]

but the thing is there is no such thing as 1 and a half blue gems, or 1 and 1/10th a purple gem, its 1 blue / 1 purple, but thanks for ur input

Sorry...but that is just 100% wrong in the context of how much the "average" stack is worth.

When you are talking about the averages and statistics of it all, you have to consider the "average" is not a whole number... That's the WHOLE POINT that you can get 3 this time, 2 the next, 1 the next, then 3 again...etc.

Taking just the powders....at your 65% drop rate...it's 0.65 * 4 == 2.6 powders per stack... You're claiming 3 powders per stack. So if it's 3 per stack, then I should get 300 powders for 100 stacks of ore, right? But that's not at all right...it's not even close. 100 stacks == 400 prospects....400 prospects * 0.65 == 260 powders. So for 100 stacks of ore, you are overstating the number of powders by FORTY.


Consider a six-sided die....with equal chances to show any side...what's the "average" roll... (1 + 2 + 3 + 4 + 5 + 6) / 6 == (21) / 6 == 3.5. Just because you "can't actually roll a 3.5" doesn't change the fact that 3.5 is the average...

[shadowsx]

Sorry...but that is just 100% wrong in the context of how much the "average" stack is worth.

When you are talking about the averages and statistics of it all, you have to consider the "average" is not a whole number... That's the WHOLE POINT that you can get 3 this time, 2 the next, 1 the next, then 3 again...etc.

Taking just the powders....at your 65% drop rate...it's 0.65 * 4 == 2.6 powders per stack... You're claiming 3 powders per stack. So if it's 3 per stack, then I should get 300 powders for 100 stacks of ore, right? But that's not at all right...it's not even close. 100 stacks == 400 prospects....400 prospects * 0.65 == 260 powders. So for 100 stacks of ore, you are overstating the number of powders by FORTY.


Consider a six-sided die....with equal chances to show any side...what's the "average" roll... (1 + 2 + 3 + 4 + 5 + 6) / 6 == (21) / 6 == 3.5. Just because you "can't actually roll a 3.5" doesn't change the fact that 3.5 is the average...

thanks for clearing that up, i wasnt really thinking when i made my second post.

[Praesto]

Being through some high level statistics course ( business major on my last year with a 3.3 gpa getting a degree in finance and marketing then getting a MBA ]

I skimmed this and to be honest if your talking about averages and including a set you would want to take into consideration the decimals and percentages. Viral is right with what he is saying.

For more simple means think about it

your talking about farming titanium ore.
if for example cause i only SKIMMED the guide
the rate for blue gems is 150% then if you did farmed say 20 ores you would get 30 gems cause thats 1.5X20
your right that you cant get 1.5 from ONE but ur talking about farming as a group and as a whole. meaning 1 from 1 and 2 from another. VIRAL

REMEMBER i havent played wow in FOREVER but thats the sum jist of it all.
Take a second to think about it. thanks

[shadowsx]

Being through some high level statistics course ( business major on my last year with a 3.3 gpa getting a degree in finance and marketing then getting a MBA ]

I skimmed this and to be honest if your talking about averages and including a set you would want to take into consideration the decimals and percentages. Viral is right with what he is saying.

For more simple means think about it

your talking about farming titanium ore.
if for example cause i only SKIMMED the guide
the rate for blue gems is 150% then if you did farmed say 20 ores you would get 30 gems cause thats 1.5X20
your right that you cant get 1.5 from ONE but ur talking about farming as a group and as a whole. meaning 1 from 1 and 2 from another. VIRAL

REMEMBER i havent played wow in FOREVER but thats the sum jist of it all.
Take a second to think about it. thanks

that makes alot more sense

[m5k]

Prospecting titanium is like playing the lottery.

[shadowsx]

Prospecting titanium is like playing the lottery.

it can be but if you know what the right prices of everything are there is a profit behind it

[ologx28]

on my server it sells for 60 to 70 gold a stack so i would say so

[jordansterk]

Being through some high level statistics course ( business major on my last year with a 3.3 gpa getting a degree in finance and marketing then getting a MBA ]

I skimmed this and to be honest if your talking about averages and including a set you would want to take into consideration the decimals and percentages. Viral is right with what he is saying.

For more simple means think about it

your talking about farming titanium ore.
if for example cause i only SKIMMED the guide
the rate for blue gems is 150% then if you did farmed say 20 ores you would get 30 gems cause thats 1.5X20
your right that you cant get 1.5 from ONE but ur talking about farming as a group and as a whole. meaning 1 from 1 and 2 from another. VIRAL

REMEMBER i havent played wow in FOREVER but thats the sum jist of it all.
Take a second to think about it. thanks

Well since you haven't played Wow in forever i don't know if you have ever prospected something? If you have a stack of 20 titanium ore, it takes 5 titanium ore to prospect into gems. 20/5 = 4 ... (1.5)x4 = 6.

The OP is correct with his/her math for the Green gems. Blue Gems is incorrect and the others are just rounded down or up.

These may be the average numbers on what you will receive from prospecting a stack of titanium ore but... taking a course in stats you would know that ... each time you prospect something it is independent from the last prospect so there is always a 27% chance you'll get an epic gem.

There have been numerous times i have went through a stack of tit. ore and not gotten one epic gem. Anyway good luck to those prospecting.

[Kyiz]

SPENT - 3240 -12stacks

Epic - 6
Blue - 6 (3 were from a icy prism i made with the greens )
Green - 59
Powder - 44

I'm only going to make back about 2700