Billionaires in ESO? [Economy Question]

sudaki_eso · February 2019

Freakin_Hytte wrote: »

I only do daily writs with all my chars, I have 15 chars and I make about 1,7 mil a month just from doing them, 4k x 15= 60k a week, 60x7= 420k a week, 420x4= 16,8mil a month, so my tip for easy and stable income is do your writs folk.
Thanks to that I have about 3000 writ vouchers which I can turn into easy money, I have over 500 of each gold material and I'm currently sitting on 24 mil.

This is just for spending about 30 minutes once a day doing the writs

And even if you don't have max chars this is something worth doing, even if you have 3 lvl 50 chars you'll have a stable income and get mats which you can sell very fast.

^This. I am not that crazy and use 15 toon but i have 3-4 crafting toons and they generate a very steady income (pro tip: craft in advance, its always the same 3 day pattern, simply pick up the writ and immediately return it)
I also have a pretty steady income with selling motifs you get by doing some dailies in different zones. Especailly new motifs sell fast and high.

I own ~ 6 million.

zaria · February 2019

Around 10 millions now, had a bit more but bought more motifs than I sold during the undaunted event some gold jewelry and 1 million for an mount.

Will make up for it during upcoming events

EliteWarrior · February 2019

sudaki_eso wrote: »

Freakin_Hytte wrote: »

I only do daily writs with all my chars, I have 15 chars and I make about 1,7 mil a month just from doing them, 4k x 15= 60k a week, 60x7= 420k a week, 420x4= 16,8mil a month, so my tip for easy and stable income is do your writs folk.
Thanks to that I have about 3000 writ vouchers which I can turn into easy money, I have over 500 of each gold material and I'm currently sitting on 24 mil.

This is just for spending about 30 minutes once a day doing the writs

And even if you don't have max chars this is something worth doing, even if you have 3 lvl 50 chars you'll have a stable income and get mats which you can sell very fast.

^This. I am not that crazy and use 15 toon but i have 3-4 crafting toons and they generate a very steady income (pro tip: craft in advance, its always the same 3 day pattern, simply pick up the writ and immediately return it)
I also have a pretty steady income with selling motifs you get by doing some dailies in different zones. Especailly new motifs sell fast and high.

I own ~ 6 million.

Yeah I've been trying this recently. I have 7 nearly 8 max toons, all who do writs on the daily.
I don't sell any of the mats I get, so I have a whole load of those too.

TheTwistedRune · February 2019

pauli133 wrote: »

TheTwistedRune wrote: »

You should amend the title to "Greediest Players in ESO".

This game has the worst auction house system I have ever played. And as such, I never use it. Why should I make somebody else rich?

I NPC vendor or destroy all gear that I don't need. I've destroyed at least half a dozen Imperial motifs, many, many gold recipes and blueprints, the list goes on. I wont give stuff away to strangers either, because chances are they will just sell it on anyway and I refuse to be a link in the chain of this awful system.

If other people want to use it, fine good luck to them. I want no part of it.

Thank you for helping prop up market prices! As an active trader, I appreciate your efforts.

Good for you. As for your thanks, you know what you can do with it.

NupidStoob · February 2019

Freakin_Hytte wrote: »

I only do daily writs with all my chars, I have 15 chars and I make about 1,7 mil a month just from doing them, 4k x 15= 60k a week, 60x7= 420k a week, 420x4= 16,8mil a month, so my tip for easy and stable income is do your writs folk.
Thanks to that I have about 3000 writ vouchers which I can turn into easy money, I have over 500 of each gold material and I'm currently sitting on 24 mil.

This is just for spending about 30 minutes once a day doing the writs

And even if you don't have max chars this is something worth doing, even if you have 3 lvl 50 chars you'll have a stable income and get mats which you can sell very fast.

There is a typo, it's 60k daily. It's also more than 4k if you do jewelry writs as well which give you quite the stream of chromium grains if you bother to get all your chars to 50 (which i simple as platinum is so cheap). Every 2-3 days a chromium plating adds up quickly.

josiahva · February 2019

I find the whole "economy" in ESO laughable considering you only actually "need" gold for wayshrines and to repair weapons, you can get literally everything else in game without spending gold(unless you count buying houses, but even then, you never actually have to sell anything to actual players, you could do it all by selling garbage to NPCs) so when people get so worked up about how much gold they have in game, I just laugh...its a worthless metric. All gold does is reduce time you would otherwise spend acquiring things the hard way. I usually have a few hundred thousand available at any given time and never feel the urge to acquire more.

BNOC · February 2019

NoTimeToWait wrote: »

BNOC wrote: »

TheRealSniker wrote: »

BNOC wrote: »

TheRealSniker wrote: »

I on usual have 5-10 Million
I know 2 friends who have over 10 billion on their account and they say that its poor compared to some players.
I believe some of the top traders, thats just a speculation now, have somewhere over 200billion, its an odd number that for some reason makes sense to me

Billion? Have you physically seen it?

Ive seen screenshots from real accounts on the live server

That's crazy if they're legit!

I am sure that they are not legit. You need to make almost 6million gold a day EVERY single day since the game has started. And that's if we are talking about 10 billion.

I didn't even bother to figure it out haha.

That's definitely unobtainable in gameplay or trading alone!

All we need is some ZOS employee to do us a solid and do the equivalent of:

var mostGold = Db.TableThatHasGoldCount.OrderByDescending(x => x.TotalGold).First();
var richieRichHimself = Db.PlayerTable.Where(x => x.UserId == mostGold.UserId);

return richieRichHimself.PlayerName;

Pyr0xyrecuprotite · February 2019

I only know of one person who probably has more than a billion gold overall - a few hundred million in gold and many more times that in stockpiled furnishings that can be sold. He works full time as an ESO gamer and streamer (using gold and stuff as giveaways to reward viewers). As leader of a big trading guild, he makes most of his gold from trading, i.e. buying cheap and selling high, with a focus on high-value furnishings, motifs, and furnishing plans. He also does the occasional no-death vMA run and vet pledges etc.
For him, making gold is both part of his job and also a fun activity.

NoTimeToWait · February 2019

NupidStoob wrote: »

Regarding cornering the market there have been instances of groups of people controlling the prize of a product or multiple for a short while usually to make massive profit short term. I remember an instance around 2 years ago where a group of people did this with alchemy mats on PC EU. Columbine was worth 500+ gold as a result and they were all bought up for less than half. Also not too long ago when everyone got the free psijiic villa people bought up all the mundane runes they could and the price is still inflated until now (even though it's going back).

And that's why, folks, you don't want to have AH in this game. I sell the mats, necessary for some of the celebration events, from time to time. Some of them rise in price up to 8 times. But the problem is, you can't just that easily buy mats for 10 million gold and sell them for 80 million. It is impossible because of the sheer amount of time you need to be able to spend that 10 million sum running around multiple trading spots around Tamriel. Now that task would be super easy with AH.

And I say you vastly overestimate current returns from such endeavors. Basically, you can get around 6 million gold as a reward for your troubles, if you find enough stuff to invest your gold into. And I estimated, that you get 300k gold per hour at best in this case, which is very good indeed, but not always achievable.

While the rates are good, these are not the values that get you to the billion mark, assuming you have an opportunity to add 10 millions to your coffer around 5 times a year

ScruffyWhiskers · February 2019

What's going on with Cornflower? Is it supply and demand or is it a price manipulation thing? It seems to be always in short supply and the price is anywhere from 250 each to ridiculous. It's been like this for a while but it wasn't always this way. Not sure when it started though.

siddique · February 2019

The other day someone on ps4 na sent me a message with a screenshot of over 30 mil gold and said they had more in bank. Apparently they were looking for validation or whatever.

I just spent 400k Golding my necklace and I'm slightly over 600k right now. I've prolly spent well over two mil. Started playing on ps4 last October I think.

Skwor · February 2019

josiahva wrote: »

I find the whole "economy" in ESO laughable considering you only actually "need" gold for wayshrines and to repair weapons, you can get literally everything else in game without spending gold(unless you count buying houses, but even then, you never actually have to sell anything to actual players, you could do it all by selling garbage to NPCs) so when people get so worked up about how much gold they have in game, I just laugh...its a worthless metric. All gold does is reduce time you would otherwise spend acquiring things the hard way. I usually have a few hundred thousand available at any given time and never feel the urge to acquire more.

There are items in the game that go for millions that you will never see, they typically never make a guild trader. Unless you are in that market you will have no clue. Also one can buy hard mode achievements, again the cost is in the millions.
There is alot more to ESO than perhaps you are aware of.
Just becuase you are unknowing does not make it worthless.

NoTimeToWait · February 2019

ScruffyWhiskers wrote: »

What's going on with Cornflower? Is it supply and demand or is it a price manipulation thing? It seems to be always in short supply and the price is anywhere from 250 each to ridiculous. It's been like this for a while but it wasn't always this way. Not sure when it started though.

Mostly supply and demand. But sometimes you can "help" the price to grow up quickly manipulating the Master Merchant and TTC stats, and after that it might keep that high for a long time. So, basically, it's both. While you can't corner the market by yourself, you can actually start an avalanche effect, when a lot of other people start buying certain item in question in hopes of selling it later, because they saw that it had started rising in price. But it's very unreliable, and usually doesn't happen without help from ZOS with events that deplete certain specific resources on the market

BNOC · February 2019

ScruffyWhiskers wrote: »

What's going on with Cornflower? Is it supply and demand or is it a price manipulation thing? It seems to be always in short supply and the price is anywhere from 250 each to ridiculous. It's been like this for a while but it wasn't always this way. Not sure when it started though.

Spell Power Pots, same reason Bugloss can be more expensive than the rest, I think..

They also killed the original number 1 plant farm (Hollow City) with One Tamriel, so demand stayed flat or rose and supply dropped.

ATomiX96 · February 2019

Yoku wrote: »

Dude, there are more people that are by far not so loaded. i know more people that don't even have 1mio then people that do. I don't even have 1 Mio because it mamkes no sence. Why would you wanna have so much money you can't spend?? Think about it maybe some illegal activities

*cough* sell gold for real money *cough*

I dont wanna point fingers, but im certain there are some higher rank people within the "trading-guild-alliances" which do shady *** like that, just that they are doing it smart enough to not get caught, for example selling gold through guild stores by buying worthless stuff listed at stupid high prices which no normal person would buy, if you investigate MMs and TTCs sometimes you see those anomalies where someone lists a green non set ring for like 2 mil and it actually sells to someone, those ppl are just smart and almost impossible to catch these days. And obviously they do all of that stuff on alt trading accounts.

TheRealSniker · February 2019

NoTimeToWait wrote: »

BNOC wrote: »

TheRealSniker wrote: »

BNOC wrote: »

TheRealSniker wrote: »

I on usual have 5-10 Million
I know 2 friends who have over 10 billion on their account and they say that its poor compared to some players.
I believe some of the top traders, thats just a speculation now, have somewhere over 200billion, its an odd number that for some reason makes sense to me

Billion? Have you physically seen it?

Ive seen screenshots from real accounts on the live server

That's crazy if they're legit!

I am sure that they are not legit. You need to make almost 6million gold a day EVERY single day since the game has started. And that's if we are talking about 10 billion.

And thats you just throwing numbers around, you clearly have no knowledge how the market works or how to take advantage of it in order to create ridiculous numbers

Recremen · February 2019

Just for a slight clarification, wealth disparity in the game is a result of only two parts of real-life economic principles, but is missing some others, one if which is especially big. The big missing one is capitalism : the private control of the means of production. We do not experience this at all in ESO, as anyone can go farm mats, mobs, dungeons, etc. to gain access to the raw materials for producing wealth. That is very much to the game's credit since it turns out private ownership of the ability to produce wealth makes for a really negative game experience.

We DO have differences in time investment, however, so people farming mats for hours and hours are going to make more than someone who just goes questing for an hour a day. Nothing wrong with that, naturally. The other thing, and what is probably the biggest driving factor of wealth disparity, is the market economy. This lets people buy and sell at different prices, allowing someone to buy low, sell high, and control access to various resources or products post-production. It's not perfect, of course, and you can always get deals slipping through, but that's the big driver.

Cpt_Teemo · February 2019

The most I ever had on me was around 28m, in all my assets on the game right now I think i'm totalling over 400m now I think, not even close to 1b in this game but I haven't played for 3 years as well so maybe I could have gotten it. I farmed BA motifs nearly every day when MW came out that was my money maker but now since they're on the store and events I stopped not worth the time anymore.

Oreyn_Bearclaw · February 2019

There are definitely billionaires in eso. To some people, acquiring gold is how they play this game. One of the top traders I know has been around since beta and isn’t even close to the CP cap. There are grand overlords that made 100 million plus in a single day when decoy elder scrolls were breifly BOE.

Like in real life, gold tends to accumulate faster the more you have. I am well over 8 figures and I don’t actively trade or flip (buy/sell) items other than listing the occasional rare drop i come across. Especially if you get into master writs, you will find it’s pretty easy to be self sufficient in this game. Best way to accumulate wealth is not to spend it on stuff you can easily get yourself.

EliteWarrior · February 2019

Oreyn_Bearclaw wrote: »

There are definitely billionaires in eso. To some people, acquiring gold is how they play this game. One of the top traders I know has been around since beta and isn’t even close to the CP cap. There are grand overlords that made 100 million plus in a single day when decoy elder scrolls were breifly BOE.

Like in real life, gold tends to accumulate faster the more you have. I am well over 8 figures and I don’t actively trade or flip (buy/sell) items other than listing the occasional rare drop i come across. Especially if you get into master writs, you will find it’s pretty easy to be self sufficient in this game. Best way to accumulate wealth is not to spend it on stuff you can easily get yourself.

sorry but what do you mean by BOE?

Oreyn_Bearclaw · February 2019

Saucy_Jack wrote: »

Right now I'm back at just over 1mil, but the amount of gold I've spent over time in order to learn all the furniture plans is...significant. Also factor in gold spent buying various houses, most of the motifs, and crowns, and you can see why having a lot of gold is a nice thing.

@Saucy_Jack
Stop being poor! Haha. JK, always blows my mind that you know every furniture plan. Can’t even begin to fathom how much you have spent on that.

Cpt_Teemo · February 2019

EliteWarrior wrote: »

Oreyn_Bearclaw wrote: »

There are definitely billionaires in eso. To some people, acquiring gold is how they play this game. One of the top traders I know has been around since beta and isn’t even close to the CP cap. There are grand overlords that made 100 million plus in a single day when decoy elder scrolls were breifly BOE.

Like in real life, gold tends to accumulate faster the more you have. I am well over 8 figures and I don’t actively trade or flip (buy/sell) items other than listing the occasional rare drop i come across. Especially if you get into master writs, you will find it’s pretty easy to be self sufficient in this game. Best way to accumulate wealth is not to spend it on stuff you can easily get yourself.

sorry but what do you mean by BOE?

Means you could trade it and it was glitched where it was tradeable but they fixed it and never did anything about the ones that managed to get so much gold non legitimately

NoTimeToWait · February 2019

Oreyn_Bearclaw wrote: »

Like in real life, gold tends to accumulate faster the more you have. I am well over 8 figures and I don’t actively trade or flip (buy/sell) items other than listing the occasional rare drop i come across. Especially if you get into master writs, you will find it’s pretty easy to be self sufficient in this game. Best way to accumulate wealth is not to spend it on stuff you can easily get yourself.

Unfortunately, not so much. I would say, like in real world, the rates at which you can accumulate money first accelerate then decelerate after reaching its maximum (basically Poisson distribution). You just run out of things you can invest your gold into (without taking too many risks) after reaching certain sums of gold (I think it should be around 40 million where your regular returns reach their plato, to be able to handle anything above that you need to spend more than 8 hrs a day in the game). After that you can only use once-a-time opportunities to get ridiculous amounts of gold. But, of course, these opportunities are quite rare

BNOC · February 2019

EliteWarrior wrote: »

Oreyn_Bearclaw wrote: »

There are definitely billionaires in eso. To some people, acquiring gold is how they play this game. One of the top traders I know has been around since beta and isn’t even close to the CP cap. There are grand overlords that made 100 million plus in a single day when decoy elder scrolls were breifly BOE.

Like in real life, gold tends to accumulate faster the more you have. I am well over 8 figures and I don’t actively trade or flip (buy/sell) items other than listing the occasional rare drop i come across. Especially if you get into master writs, you will find it’s pretty easy to be self sufficient in this game. Best way to accumulate wealth is not to spend it on stuff you can easily get yourself.

sorry but what do you mean by BOE?

Bind on equip, basically means you can trade the item freely and it's only account bound once it's been used.
BoP is bind on pickup - Untradeable and locked to your account on pickup.

FluffyKitten · February 2019

Interesting, I took for granted that most people that put serious hours into the game was loaded, I played since oct and have around 3m, I jump 0.5m per week up and down due to trading.

zyk · February 2019

I'm very far from a Billionaire and I'm mostly retired from trading for now, but from my freewheeling trading days last summer:

#dunmermastermerchantrace

tmbrinks · February 2019

JKorr wrote: »

tmbrinks wrote: »

JKorr wrote: »

2 million gold, plus a bit, at the moment.

Quite probably much more than that in materials and tempers. I don't normally go "farming", but I do pick up what I find while doing quests or traveling around. Coming from the single player ES games, it is almost literally painful to pass up anything that can be picked up. Some player was complaining in zone chat about how inconsiderate others were because they left "trash" behind in nodes. I said I love it when people leave the "trash" behind, and was asked why. I pointed out the "trash" worms were selling at 20 gold each, so the more "trash" people left, the more gold I got when I picked it up and sold the bait. I also pointed out that picking flowers was worth the time because, again, there is a demand from alchemists. There are a lot of easy ways to get gold while you play. Once you have the mats, well....The other day I decided to sell enough gold tempers to do 2 pieces of heavy armor/weapons [16 tempering alloy] and 3 pieces of light/medium [24 dreugh wax], 3 trait mats for jewelry, a couple dozen mundane runes, and several master writs I didn't really need to do. Ended up with over 167k gold.

If I could go back and keep a running tally of all the gold I've spent buying motifs and recipes, its been in the multi-millions. On the bright side, my main crafter has all but a couple of the motifs [curse you Telvanni], and most of the recipes.....

I make 500-700K a month just selling the low level materials from writs, selling them in stacks of 200 for between 800g-2000g depending on their value.

I don't make a habit out of selling stuff. I do it once in a while because I don't need more gold than what I have atm. I do crafting for my guilds; if you have low level characters I'll make your gear, improved to blue and enchanted, for free. No mats, no gold needed. If guildies want cp160 gear improved to purple/gold, I ask for the mats and tempers but the crafting is still free. I will buy some of the green/blue tempers to improve the free gear because my not so intensive farming doesn't always net me enough, and I don't want to charge.

I keep around 2k of each of the low level mats in my craft bag at all times, and just sell the ones that I get above that value. I will also freely craft any low level gear for guildies, friends, etc, freely upgrading it to blue as well, as I have 2k of each of those in my bag as well.

Cpt_Teemo · February 2019

zyk wrote: »

I'm very far from a Billionaire and I'm mostly retired from trading for now, but from my freewheeling trading days last summer:

#dunmermastermerchantrace

Yeah I used to make so much off BA motif farming but ZoS just killed it lame lol

BNOC · February 2019

zyk wrote: »

I'm very far from a Billionaire and I'm mostly retired from trading for now, but from my freewheeling trading days last summer:

#dunmermastermerchantrace

I'm not PC, is this showing individual weeks in a month? Or individual but combined weeks from top to bottom? Or something completely different?

FrancisCrawford · February 2019

EliteWarrior wrote: »

TheRealSniker wrote: »

I on usual have 5-10 Million
I know 2 friends who have over 10 billion on their account and they say that its poor compared to some players.
I believe some of the top traders, thats just a speculation now, have somewhere over 200billion, its an odd number that for some reason makes sense to me

200??

Are you sure? 🤣

The would be over 100 million/day for each day in the history of the game.