Tagged: prospecting

My initial foray into the ore shuffle in Mists of Pandaria has been completed with some success. I wouldn’t say that this is overwhelming enough to make this my primary source of income, but I have concluded that it is profitable.

I did end up growing somewhat impatient with my sales, but this is partially due to my inability to remain patient and the large amount of supply that is currently screwing with the market. My philosophy with the auction house is to endure all others, so I will keep posting new auctions, re-listing, and buying out cheap materials daily.

In terms of the ore shuffle itself, here was my TLDR bottom line:

Materials Cost: 2,770
Confirmed Sales: 2,844
Total Sales: 3,950
Profit 1,180

My “Total Sales” is the sum of confirmed sales and my current AH listings where I’ve severely undercut both the average and market price.

At this point in the game, my plan is to use the ore shuffle to level my Jewelcrafting for free. I can achieve this by selling off most of the Sparkling Shards and rare, uncut gems. I can then take the uncommon, uncut gems and use them to level and discover recipes.

I will also use some of the materials to craft jewelry for my Enchanter to disenchant and use to level up Enchanting. Enchanting is going very slow for me in MoP, but utilizing the ore shuffle should increase this significantly.

The disappointing part of the experiment was the fact that the potential profit was not even close to being realized. This is the problem that I continue to have with the get-rich-quick schemes. Actual sales data in World of Warcraft does not exist to the public. Market data is made up solely on potential, thus increasing the amount of risk for players. Remember in my first post, I had calculated a profit of 5,771 gold?  I only made 20% of that.

So what to do with this information now? Well, I can continue to load in current data into the spreadsheet or modify the calculations to assume a 60%-80% drop in expected profit. My plan, however, is to simply watch the price of Ghost Iron Ore and monitor the supply and demand of uncut rare gems. The value of any rare, uncut gem should equal the price of a stack as you typically receive one rare when prospecting an entire stack.

If the average price of all uncut, rare gems is above the average price of a stack of Ghost Iron Ore, sell all the gems at their market price and buy the ore. If the price dips below, then cut the gem for leveling or for alts, or wait until there’s an opportunity to sell.

Yesterday, I wrote about the great potential for making gold in World of Warcraft: Mists of Pandaria using the “ore shuffling” technique. Even though this was wildly successful for me in Cataclysm, I was hesitant to get into the market. After listening to others claim the viability of the process, I figured I would conduct a small experiment using actual values and compare them to the projections.

To begin the experiment, I bought 500 Ghost Iron Ore for a total of 2,770 gold from the Horde auction house on Earthen Ring (US). Using the spreadsheet provided by The Golden Crusade and values provided by The Undermine Journal, I expected a profit of 5,771 gold. Using actual values from prospecting and the auction house, I could expect to make 5,557 gold. That’s only a difference of 214 gold from the projections.

Yes, there were some variances, but nothing out of the ordinary. I would definitely recommend using the spreadsheet to give you a general idea of what kind of return on your investment you could expect by shuffling ore.

Here are some interesting points from this experiment:

So what’s next? If I craft Ornate Bands and Shadowfire Necklaces, I could make another 230 or so gold. However, for convenience’s sake, I will simply list all the raw gems and watch the Jewelcrafters that are trying to rush to 600 gobble them up.

I will report back with my sales to see if I was able to realize the 5500 gold profit. For now, this seems like a more than worthwhile market to enter, so long as the supply of ore remains high and I continue to bring my authenticator and spreadsheets with me wherever I go.