EVE Online player uses patch trick to dominate the PLEX market

    
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Among the patch notes for EVE Online‘s recent Citadel expansion release was a fairly innocuous increase in the fees for listing items on the in-game market from a minimum of 0.25% to 2%. While most people saw this change as fairly minor, one player by the name of “probag Bear” figured out how to use it to multiply his ISK by temporarily cornering the market for PLEX, one of EVE‘s most highly traded commodities. The player realised that if he set up buy orders for PLEX before the patch, he’d pay the old tax rate of 0.25% for setting them up while anyone buying after the patch would pay the higher 2% rate. This would give him a competitive edge and a higher profit margin than other players.

The second part of the scheme used an odd quirk of the Margin Trading skill mechanics to set up hundreds of buy orders worth thousands of times the ISK actually invested. The result is that probag Bear now has the ability to buy and sell over 17 trillion ISK worth of PLEX at higher profit margin than anyone else can obtain, giving him temporary control of the PLEX market and turning his 70 billion ISK investment into over 300 billion ISK profit. Some players have called this confusing scheme a borderline exploit, but CCP is not expected to interfere. Emergent behaviours like this are often considered part of EVE‘s sandbox gameplay, and players may yet build a low-tax trade hub citadel to nullify this market advantage.

Source: Reddit. Thanks to everyone who sent this in!
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Dixa
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Dixa

Calfis Dixa Nyphur AGx being it’s owned by a “notorious pvp alliance” then it’s not even part of this discussion, as we are discussing a citadel becoming a trade hub.

Calfis
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Calfis

Armsbend Polyanna I would have done it if A) I had the kind of cash on hand, I don’t and B) if I understood market manipulation, reading that in the patch notes doesn’t really tell me anything other than its gunna cost more to list things.

Calfis
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Calfis

Sigbjorn This is probably why after 6 years of EVE I have no where near the amount of in-game currency to play this kind of market game.

Calfis
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Calfis

Dixa Nyphur AGx The first large citadel had been deployed in wormhole space and has not been popped yet:

First Large Rage

Although its home to a pretty notorious wormhole pvp alliance Hard Knocks Inc. so its probably going to stay up because it will be well defended.

Dixa
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Dixa

Pashgan Nyphur Oleg Chebeneev weird. i sold 8 on the market in jita for 961m AFTER fees and taxes just yesterday. that’s a huge overnight dip.

Dixa
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Dixa

Ginger Magician People get famous from scamming huge billions and being entrepreneurs more and always have. All of the big articles that actually made it mainstream were about scams.

Dixa
Guest
Dixa

Nyphur AGx Too bad citadels are being popped as fast as they are being built.

This dream of a player built market hub is a pipe dream so long as the sociopaths continue to dominate the landscape.

Dixa
Guest
Dixa

SallyBowls1 There is nothing wrong with injectors. This game has a serious problem with retention of new players as they laid out at the fanfest, with the now extreme divide between the top and bottom being a huge problem.

if a player has 70 BILLION isk, is this really an issue? even if he made all of that as a 1 day player buying plex, that is 72 plex. At current prices per ccp website, that is over $1100 dollars, making him a Whale. A smart Whale.

The average new player is NOT going to dump $1100 on a new game. They may buy a single plex and sell, which will get them a single skill injector and 400 million isk left over for 20 bucks. That 500k skillpoints is not going to suddenly make them pop you, mr. vet in your 5 billion value ship or even put them on your radar. 

Hell even the 10k sp a day daily on the test server – i really hope that goes live. It saves new players 5 hours of training a day, 35 hours a week. Not exactly a huge amount really, but catch-up mechanics that are not overly intrusive are good for a 13 year old game.

And lets not also forget – someone has to MAKE that injector and SELL their skill points. The buyer is not the only villain here.

Dixa
Guest
Dixa

Honestly a total pleb like myself is still able to sell a plex for an influx of cash for only 10 million less than what they were being bought for three weeks ago when i started. shrug. 

what really hurt was that the day this expansion dropped, ccp did a sale on plex and then had to end it early because the price of plex in game started to tank hard.