New PC NA Sales Record?!?!

kassandra86

I've never posted in our ESO Forums before but I am just over the moon proud of my trading guild The Ninja Squirrels!!!
For a few months now we have been wanting to hold a guild sales competition and try to make the most sales in one week by any guild on PC NA. From what we've gathered another guild held this and their record is 1.4 billion in sales. Hey we're trading guilds, it's in our blood to sell a ton and be a bit competitive
Last week I sent a mail out to our entire guild explaining how the sales competition would work and that we would award prizes to the top 20 sellers and top 10 buyers, try and beat that record, and have a ton of fun doing it!
Then Tuesday 06/07 came along and we lost our beloved preferred trading location in Mournhold, Deshaan, on top of that we did not get any of our back up bids in Mournhold either. With the release of High Isle- guilds had really upped their bids, so we landed a spot in Elden Root, Grahtwood. I thought to myself, well we can still hold our sales competition and have some fun and try and beat that record some other time. The week started and went on, and low in behold our sales were actually amazing. We all knew Elden Root was still a great spot, but it actually looked like we might be the first guild to get near the 2 billion in sales.

I'm sooooo proud to post this screen shot now that the sales week has ended. Yes, we know our internal sales are on the higher side, that's partly my fault as I didn't think about that when I made our competition award the top 10 buyers, but regardless that doesn't take away from what we've done here!! GREAT JOB NINJA SQUIRRELS, I am so proud of each and every one of you and just honored to be your guild leader

p.s. Just in case the screenshot doesn't load (like I said, 1st time posting in here); we did 2,136,713,094 in sales, collected 74,780,382 in taxes, had 41.77% in Internal, & 552,014 items sold.

NeuroticPixels

Best. Guild. Ever.

FluffWit

Congrats that's awesome!

FluffWit

A little over 4 million a member if anyone was curious.

Oreyn_Bearclaw

LOL, there is clearly no inflation in this game.

TagCdog

Woo-hoo TNS! That's a lot of trading

starlizard70ub17_ESO

I know a few of The Ninja Squirrels members and they're all great people. Congrats on the success.

And yet their success, (and a few other guilds), is the reason why we need an auction house.

MyKillv2.0

Very good/fun guild. I was apart of this group a year or so ago. Very good people. Lots of fun activities. Congratz on the new milestone.

Cendrillion21

Congratulations, I love your enthusiasm

LalMirchi

Good job! Congratulations

ZOS_GregoryV

Greetings all!

Just a friendly reminder to please keep all posts on topic of the initial discussion.

Regards,
-Greg-

Holycannoli

Economy completely borked confirmed

bmnoble

Congratulations.

Raevenglass

Kassandra is the best! TNS and TSS are fantastic guilds with great people. Congrats all!

eovogtb16_ESO

Wow thats a lot of buying low and selling high. Another reason why the economy is so messed up the constant buying just to sell high - its like Canadian real estate.

MrGarlic

That is a quite insightful and interesting achievement.

Congratulations to your guild.

dmnqwk

That's a fantastic achievement!

I wonder where all of these coins come from tbh, I mean someone had to have the 2 billion to spend haha!
Assuming 10'000 players bought from you that's 2'100'000'000/10'000 or 210k per person!!!!

I would love to make 200k gold a week from gaming activities (aka mobs not trade/sales. I am fine for monies btw, just a bit over 10mil).

Paralyse

Speculation only but I feel that most of the extra gold in the economy these days is courtesy of selling crowns.

Congratulations on making 74 million gold in one week!

Castagere

There is nothing to be proud of here. It just proves that inflation is through the roof and ZOS's guild trader system is a failure. An item with reinforced now can sell for over 300k. Two years ago people would laugh at that.

ArchMikem

When you show off a Guild to have a net worth of at least 2 Billion.

dmnqwk wrote: »

That's a fantastic achievement!

I wonder where all of these coins come from tbh, I mean someone had to have the 2 billion to spend haha!
Assuming 10'000 players bought from you that's 2'100'000'000/10'000 or 210k per person!!!!

I would love to make 200k gold a week from gaming activities (aka mobs not trade/sales. I am fine for monies btw, just a bit over 10mil).

This time, I don't intend it to be insulting, but this game has a lot of "tryhards". As in they have maxed out their character slots, they do daily crafting writs on every single character, harvest mats, join guilds to sell those mats, etc. These people make the game seem like a job.

kargen27

Castagere wrote: »

There is nothing to be proud of here. It just proves that inflation is through the roof and ZOS's guild trader system is a failure. An item with reinforced now can sell for over 300k. Two years ago people would laugh at that.

Two years ago there was no sticker book. The economy is fine. Some guilds devote most their time to getting good at trading just like some guilds devote their time trying to get on leader boards or dominate PvP. There are many levels and layers to the economy. Any player can jump right in and find everything they need and most of what they want. With minimal effort they can join in on the profits. What they put in will relate to what they get out just like any other aspect of the game.
The economy is fluid and adjusts to supply and demand fairly well. It takes time for prices to adjust back down after an event spikes demand but they do eventually settle.

And now for a bit of speculation. I was in a trading guild that would sometimes compete with other trade guilds on total sales. Just something to do for fun. We dipped pretty deep into the crafting bags to keep slots filled during the week. Also did some price cutting on common or semi-rare items to get them moving quicker. I'm guessing the guild wouldn't be able to have these kind of numbers often. Just a guess mind you but if they are like we were they need time to go out into the world and replenish.
They might have put a lot of crafting materials that was being hoarded back into the economy? Either way it seems a lot of buying and selling is taking place and that is the sign of a good economy.

eovogtb16_ESO

Either way it seems a lot of buying and selling is taking place and that is the sign of a good economy.

This is not the sign of a good economy. There are zero gold sinks in this game. The economy if fueled by crown sellers and then it's just traders buying cheaper from other in order to list at a higher price. Which then just repeats the cycle.That is not an economy at all.

ApoAlaia

That is an impressive figure. Congratulations!

Excellent job at serving the needs and wants of a whole lot of players.

Gnesnig

eovogtb16_ESO wrote: »

]

Castagere wrote: »

The economy if fueled by crown sellers and then it's just traders buying cheaper from other in order to list at a higher price. Which then just repeats the cycle.That is not an economy at all.

Well, that's flawed logic. How do the Crown buyers get in game coin then? You can't perpetuate such a loop without having more in game coin becoming available, which can only come from in-game coin rewards and vendor trash or "old money" in the form of returning players.

As a new player, not being in a guild, total sales to other players well below 1k, not a single buy of anything RNG related, no crown sales and taking into account the 100k daily reward we just had, I've accumulated ~850k in a little over 3 months, with 8 chars on account. Which gives a good indication of what money the game rewards for mostly solo content, no daily quests fascination and dungeons when I feel like it. I'm also not looking for "the best" money rewards or optimize my strategy to it, so I'm sure you can do a lot better.

kassandra86

eovogtb16_ESO wrote: »

Either way it seems a lot of buying and selling is taking place and that is the sign of a good economy.

This is not the sign of a good economy. There are zero gold sinks in this game. The economy if fueled by crown sellers and then it's just traders buying cheaper from other in order to list at a higher price. Which then just repeats the cycle.That is not an economy at all.

Thank you for all the kind words!! It means the world to me, our officers, and our AMAZING guildies!!!

I snagged this quote above, just to shed some light on a few things. There is actually one pretty large gold sink in this game... the guild trader bids. As I mentioned in my 1st post, we did not get our preferred trader location last week, however we did this week and we do most weeks. But in order to get those top tier trading location i.e. Mounrhold, Vivec City, Elden Root, Wayrest etc. we have to bid a TON of gold. If you look at the screen shot I posted above we received 74.7mil in taxes, that still doesn't cover just our main trader bid, let alone any back up bids. Which is why a lot of guilds host raffles and auctions and other fundraising events. So there def. is at least one BIG gold sink in this game. Other gold sinks would include housing (lots of people buy their in game homes with gold), and then there's housing items from the luxury vendor or just the regular achievement or housing npcs. Then there's the cod fees, or fees the game takes when you list your items on a trader, so there's a def. a few out there.

I will agree with you that there are a ton of crown sellers/buyers in this game. This really wasn't a job for any of us either, this was so much fun!

Again, I just want to say how incredibly proud I am of this guild, great job y'all!!!

chrisub17_ESO104

That's a crazy volume congrats.

Whatever the economy is, for guild trader it's competitive and I think that's the main thing to take away in context. They did something really really well to hit these numbers.

Lysette

That's just 10.77 millions short of 2^31. I wonder what would happen if you would have made 11 millions more. Freaking cool result though, congratulations.

zaria

Lysette wrote: »

That's just 10.77 millions short of 2^31. I wonder what would happen if you would have made 11 millions more. Freaking cool result though, congratulations.

Good catch, and yes that could generate some weird result seeing how much 32 bit signed integer is used.
Now the content in guild bank would be safe but good chance stuff like the sale numbers could be an negative number.

FrancisCrawford

Does that item count count a stack as 200 or as 1?

If it's the latter, I have trouble understanding how a guild can sell more than 1000 items per member in a week.

If it's the former -- well, I often sell a few thousand items per guild in a week.

Anyhow -- congrats on your great week!!!

Holycannoli

kargen27 wrote: »

Two years ago there was no sticker book. The economy is fine. Some guilds devote most their time to getting good at trading just like some guilds devote their time trying to get on leader boards or dominate PvP. There are many levels and layers to the economy. Any player can jump right in and find everything they need and most of what they want. With minimal effort they can join in on the profits. What they put in will relate to what they get out just like any other aspect of the game.
The economy is fluid and adjusts to supply and demand fairly well. It takes time for prices to adjust back down after an event spikes demand but they do eventually settle.

And now for a bit of speculation. I was in a trading guild that would sometimes compete with other trade guilds on total sales. Just something to do for fun. We dipped pretty deep into the crafting bags to keep slots filled during the week. Also did some price cutting on common or semi-rare items to get them moving quicker. I'm guessing the guild wouldn't be able to have these kind of numbers often. Just a guess mind you but if they are like we were they need time to go out into the world and replenish.
They might have put a lot of crafting materials that was being hoarded back into the economy? Either way it seems a lot of buying and selling is taking place and that is the sign of a good economy.

This all stems from there being too much gold in the economy and not enough gold sinks.

Either demand has to decrease, supply has to increase significantly, or there has to be a lot more gold sinks to bring this inflation down and prices back to more normal levels. But the root cause is the increased gold in circulation.

Five years ago would any trade guild ever make 2 billion in one week?

Troodon80

Lysette wrote: »

That's just 10.77 millions short of 2^31. I wonder what would happen if you would have made 11 millions more. Freaking cool result though, congratulations.

zaria wrote: »

Good catch, and yes that could generate some weird result seeing how much 32 bit signed integer is used.
Now the content in guild bank would be safe but good chance stuff like the sale numbers could be an negative number.

It's only 74m in taxes. I say only like it's a small number, it's not. But it probably wouldn't overflow the guild bank. Since the only number of relevance is that which is processed by the addon (in LUA), probably nothing would happen since the max value isn't an integer it's double (2^1024).

179769313486231590772930519078902473361797697894230657273430081157732675805500963132708477322407536021120113879871393357658789768814416622492847430639474124377767893424865485276302219601246094119453082952085005768838150682342462881473913110540827237163350510684586298239947245938479716304835356329624224137216

This number is represented as 1.7976931348623e+305 in-game. The highest number in-game before the excess e+(N) starts is 99,999,999,999,999 (just before it rolls over to 1e+15). Meaning you're 99,997,863,286,905 short of breaking addons. At which point after, you would have to specify width via %.0f; e.g. addons would need to specify "string.format("%100.0f",value)" in order to show up to 100 digits (or higher, whatever seems realistic at the time).

Inflation is rampant, but not quite high enough to break LUA just yet. :P