DUST Search - Rules Question re: player run isk exchange between Dust and Eve

Gyn Wallace wrote:

Frankly, I'm a little surprised the rates have recovered as much as they have. Even before Fanfest, the rate would sometimes approach 1/6 for Eve to Dust transfers. Immediately after Fanfest, I was so uncertain about Dust's future, the rate essentially hit parity; I was offering 1 to 1 conversion, less a profit margin. I had almost no volume of trade between games for a couple of months after fanfest. I pretty much took a break from frequently checking evemails and this thread for a month and a half. But very gradually I started getting inquiries and trade picked up again, at first at about a 1/2 ratio, and now closer to 1/4 or 1/5. That's almost back up to where the rate dipped for Eve to Dust transfers, before Fanfest.

So while fanfest certainly did trash the rates for a while, they've recovered to a surprising degree. I can only speculate that people still enjoy playing Dust enough to cheaply fund their Dust habit with easily earned Eve isk. The jump in plex prices certainly help Dust-play look like a relative bargain. I (perhaps optimistically) project that we'll get back most of the people who have left to play Destiny in a month or so, just like people left for and quickly got tired of Grand Theft Auto 5.

-Gyn Wallace/Min Lo

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Dustbunny Durrr ReD or DeaD 273	Posted - 2014.09.06 19:23:00 - [271] - Quote Hey Gyn, I have 400M Dust ISK that I'd like to xfer into 1.6B eve isk. I'll send you a dustmail when I get off work.
Gyn Wallace OSG Planetary Operations Covert Intervention 128	Posted - 2014.09.08 17:47:00 - [272] - Quote Dustbunny Durrr wrote: Hey Gyn, I have 400M Dust ISK that I'd like to xfer into 1.6B eve isk. I'll send you a dustmail when I get off work. Sounds good. I'm in the middle of my three days of free training between plexes on Min Lo. Is it ok if we don't complete this transaction before Tuesday night, 9/9/14? I try to only use eleven plexes a year on Min Lo. I'll cut my three day free training period short though if this is at all urgent.
Dustbunny Durrr ReD or DeaD 276	Posted - 2014.09.08 21:34:00 - [273] - Quote That's fine, I've been busy as well.
Dustbunny Durrr ReD or DeaD 276	Posted - 2014.09.11 17:58:00 - [274] - Quote ISK sent.
Gyn Wallace OSG Planetary Operations Covert Intervention 128	Posted - 2014.09.12 01:01:00 - [275] - Quote Dustbunny Durrr wrote: ISK sent. Received; transfer completed. Thank you for the repeat business, Dustbunny Durrr. I'll update rates and availability in first post.
Dustbunny Durrr ReD or DeaD 276	Posted - 2014.09.12 17:21:00 - [276] - Quote Gyn Wallace wrote: Dustbunny Durrr wrote: ISK sent. Received; transfer completed. Thank you for the repeat business, Dustbunny Durrr. I'll update rates and availability in first post. Received. Thanks again for another smooth transaction.
deezy dabest IMPERIAL SPECIAL FORCES GROUP 980	Posted - 2014.09.13 09:45:00 - [277] - Quote Wow did Fanfest ever trash those conversion rates. Glad to see someone doing it as many have made the jump to eve and some would rather buy as little plex as possible.
Gyn Wallace OSG Planetary Operations Covert Intervention 129	Posted - 2014.09.13 14:19:00 - [278] - Quote deezy dabest wrote: Wow did Fanfest ever trash those conversion rates. Glad to see someone doing it as many have made the jump to eve and some would rather buy as little plex as possible. Frankly, I'm a little surprised the rates have recovered as much as they have. Even before Fanfest, the rate would sometimes approach 1/6 for Eve to Dust transfers. Immediately after Fanfest, I was so uncertain about Dust's future, the rate essentially hit parity; I was offering 1 to 1 conversion, less a profit margin. I had almost no volume of trade between games for a couple of months after fanfest. I pretty much took a break from frequently checking evemails and this thread for a month and a half. But very gradually I started getting inquiries and trade picked up again, at first at about a 1/2 ratio, and now closer to 1/4 or 1/5. That's almost back up to where the rate dipped for Eve to Dust transfers, before Fanfest. So while fanfest certainly did trash the rates for a while, they've recovered to a surprising degree. I can only speculate that people still enjoy playing Dust enough to cheaply fund their Dust habit with easily earned Eve isk. The jump in plex prices certainly help Dust-play look like a relative bargain. I (perhaps optimistically) project that we'll get back most of the people who have left to play Destiny in a month or so, just like people left for and quickly got tired of Grand Theft Auto 5. -Gyn Wallace/Min Lo
Alaika Arbosa Matari Combat Research and Manufacture Inc. 2125	Posted - 2014.09.13 14:20:00 - [279] - Quote Thank you for promptly processing my transaction, I know who I will be working with in the future if I should choose to transfer Isk again. Prompt service, Decent rates, Definitely recommended. "Heres the deal, in the 40s there was Normandy today you got punks, some need culling real bad." --Truth Logi for Hire
deezy dabest IMPERIAL SPECIAL FORCES GROUP 991	Posted - 2014.09.17 18:00:00 - [280] - Quote Gyn Wallace wrote: Frankly, I'm a little surprised the rates have recovered as much as they have. Even before Fanfest, the rate would sometimes approach 1/6 for Eve to Dust transfers. Immediately after Fanfest, I was so uncertain about Dust's future, the rate essentially hit parity; I was offering 1 to 1 conversion, less a profit margin. I had almost no volume of trade between games for a couple of months after fanfest. I pretty much took a break from frequently checking evemails and this thread for a month and a half. But very gradually I started getting inquiries and trade picked up again, at first at about a 1/2 ratio, and now closer to 1/4 or 1/5. That's almost back up to where the rate dipped for Eve to Dust transfers, before Fanfest. So while fanfest certainly did trash the rates for a while, they've recovered to a surprising degree. I can only speculate that people still enjoy playing Dust enough to cheaply fund their Dust habit with easily earned Eve isk. The jump in plex prices certainly help Dust-play look like a relative bargain. I (perhaps optimistically) project that we'll get back most of the people who have left to play Destiny in a month or so, just like people left for and quickly got tired of Grand Theft Auto 5. -Gyn Wallace/Min Lo Yea it is definitely good to see things seemingly recovering from FF and moving forward. Doubtful it is needed but if you find your self in need of more Dust ISK thanks to unbalanced trading feel free to hit me up and I will make an exchange to keep you rolling.

Gyn Wallace OSG Planetary Operations Covert Intervention 131	Posted - 2014.09.19 13:58:00 - [281] - Quote Rates updated. deezy dabest wrote: Yea it is definitely good to see things seemingly recovering from FF and moving forward. Doubtful it is needed but if you find your self in need of more Dust ISK thanks to unbalanced trading feel free to hit me up and I will make an exchange to keep you rolling. Thanks, keep an eye on the rates and you might even see an opportunity. If my isk pile in either game gets low, you'll see a bigger change in the rates of exchange I offer, as opposed to the smaller changes in rates, which generally reflect traffic imbalance. If I see more traffic in one direction than the other, which in the long run might threaten to deplete my pile of one game's isk, I'll try to quickly adjust the rates to encourage traffic in the other direction. If I get a big transaction that actually does threaten to deplete my isk reserves in Dust or Eve, you'll see my rates make a BIG jump to make it very costly for someone to completely deplete my smaller pile. So while my rates are occasionally the product of speculation (like right after fan fest) the rates I'm offering are generally the product of the relative demand for exchanges in each direction. In other words, if you ever think the rate should be better or worse in one direction or the other, your exchange (or each customer's exchange) in one direction pushes me toward improving the rates in the opposite direction.
Dustbunny Durrr ReD or DeaD 276	Posted - 2014.09.22 18:02:00 - [282] - Quote I may have another need for some Dust to Eve ISK transferring. I'll send you a message in game when I get home.
Gyn Wallace OSG Planetary Operations Covert Intervention 133	Posted - 2014.10.08 13:47:00 - [283] - Quote Rates updated.
Gyn Wallace OSG Planetary Operations Covert Intervention 136	Posted - 2014.10.19 16:30:00 - [284] - Quote OP rates still current.
Gyn Wallace OSG Planetary Operations Covert Intervention 137	Posted - 2014.10.19 21:07:00 - [285] - Quote Well the exchange has been open for more than a year now. For those interested in such things, a link to a google doc showing a transaction history, stripped of any customer's names: Link to Eve/Dust Currency Exchange transactions and charts Some of the earliest transaction dates are guesses, filled in after the fact. The entire first month or so should probably be disregarded, as it reflects my efforts at price discovery more than the broader market's demands. The blue line for Eve isk balance, does a good job of showing how much my main Eve character lent my banking alt, Min Lo, to begin operating the exchange. The purple exchange rate line does a good job of showing the spread between the rates over time. The purple exchange rate line is also a pretty good indicator of how active the exchange was. The more vertical gig-zagging the more exchanges; the flatter it is, the more one-sided or quiet the exchange was.
Gyn Wallace OSG Planetary Operations Covert Intervention 138	Posted - 2014.10.21 04:07:00 - [286] - Quote OP rates updated to reflect a fairly large Dust to Eve transfer. I'm wondering whether 1.9 is going to put enough Dust isk in people's wallets, if they can sell all their salvage, that the rate might move even more. When the patch hits the rates might move down toward Dust isk x3.5 and Eve isk x 1/5th.
Castor Crave Mannar Focused Warfare Gallente Federation 551	Posted - 2014.10.21 05:26:00 - [287] - Quote Gyn Wallace wrote: OP rates updated to reflect a fairly large Dust to Eve transfer. I'm wondering whether 1.9 is going to put enough Dust isk in people's wallets, if they can sell all their salvage, that the rate might move even more. When the patch hits the rates might move down toward Dust isk x3.5 and Eve isk x 1/5th. Confirming transaction. Smooth as silk!
Stupid Blueberry Wirykomi Wolf Pack 529	Posted - 2014.10.26 14:26:00 - [288] - Quote Confirming transaction success, took like 2 minutes. Thanks Gyn/Min! Chillin, waitin on Legion. Ishukone loyalist, Caldari Scout enthusiast!
Gyn Wallace OSG Planetary Operations Covert Intervention 139	Posted - 2014.10.27 14:20:00 - [289] - Quote You're welcome, rates updated.
Gyn Wallace OSG Planetary Operations Covert Intervention 145	Posted - 2014.11.05 12:41:00 - [290] - Quote I'm holding off on carrying out any exchanges until Nov. 10th, just to give CCP some time to hotfix any bugs introduced with patch 1.9. The Dust/Eve Isk Exchange Thread

Gyn Wallace OSG Planetary Operations Covert Intervention 148	Posted - 2014.11.12 23:38:00 - [291] - Quote Gyn Wallace wrote: I'm holding off on carrying out any exchanges until Nov. 10th, just to give CCP some time to hotfix any bugs introduced with patch 1.9. It is my current understanding that CCP has elected to let us keep all the isk we were paid right after 1.9 dropped, when the isk payouts were greatly inflated for a couple of days, rather than reversing any of those payouts as the product of a bug. Accordingly, I'm no longer holding off on exchanges now that the time for this potential remedy appears to have passed. The exchange is again open for business. The Dust/Eve Isk Exchange Thread
Jadek Menaheim Xer Cloud Consortium 4251	Posted - 2014.11.14 04:35:00 - [292] - Quote Just so I have this right I deposit ISK to Min Lo and write 'Jadek Menaheim' in the reason for ISK transfer box. Then I send you an evemail letting you know what's up? Try the new Planetary Conquest Mode!
Alena Ventrallis Vengeance Unbound RISE of LEGION 2161	Posted - 2014.11.14 08:30:00 - [293] - Quote Are the listed exchanges the only valid ones, or can you accept variations of the listed exchange rates? Proof that Rattati/CCP do listen to the playerbase.
True Adamance Praetoriani Classiarii Templares Praetoria Imperialis Excubitoris 14599	Posted - 2014.11.14 08:38:00 - [294] - Quote If still running I certainly am interested in finding out your most recent exchange rates. "HeGÇÖs sorry. ThatGÇÖs his sorry faceGÇª. Just keep quiet for now and maybe you'll get through this." -Kador Ouryon
Gyn Wallace OSG Planetary Operations Covert Intervention 150	Posted - 2014.11.14 14:50:00 - [295] - Quote Jadek Menaheim wrote: Just so I have this right I deposit ISK to Min Lo and write 'Jadek Menaheim' in the reason for ISK transfer box. Then I send you an evemail letting you know what's up? Yes, your Eve character sends Eve isk to my Eve character, Min Lo, along with an Evemail, for example, "Hi, just sent 550M Eve isk to you; please send 100M Dust isk to Jadek Menaheim." from Jadek Of Eve, or whoever your Eve character is whose sending Min Lo isk. The precise form isn't important; what's important is that your little brother doesn't hear about you sending me isk, hop on Dust and tell me, from his Dust character, "Hi, I'm Jadek of Eve's alt in Dust, send me the isk." If you don't get around to sending me an evemail identifying the correct Dust character until later, I might send the isk to the wrong party. Alternatively, you can confirm everything here in this thread. Tell me your Eve and Dust alts' names, ask to confirm that the rates posted on the first page are still current, etc. You don't have to communicate with me by Evemail, but if you'd like to keep some information about your transfer private, I'm happy to accommodate you. Alena Ventrallis wrote: Are the listed exchanges the only valid ones, or can you accept variations of the listed exchange rates? Those are my current offers. You're always welcome to propose an alternative offer. If its close, or if I was getting lots of business in one direction and was about to change the rates anyway, I might accept. It doesn't hurt to ask. What kind of exchange rate, in what direction, were you contemplating? True Adamance wrote: If still running I certainly am interested in finding out your most recent exchange rates. I'll update the front post to show that those are still current. -Gyn Wallace/Min Lo The Dust/Eve Isk Exchange Thread
Gyn Wallace OSG Planetary Operations Covert Intervention 150	Posted - 2014.11.14 17:17:00 - [296] - Quote I don't recall whether I've already done this earlier in this thread, but I thought it might be useful to break down the process for buying Dust isk with real money, and considering what that can buy you in Dust. Apologies for the wall of text. First of all, your real money has to go to CCP. Shop around for exchange rates by all means, but if anyone offers to sell you Eve or Dust isk, where you send your real money to them, instead of buying Plex, understand that #1 You're breaking CCP's rules, and #2 you're risking being banned. So the first step is getting an Eve Online account and buying a couple of Plex. Currently you can buy two Plex from CCP's Plex Store for $34.99. That's $17.50 per Plex. Not bad. You can apply one of those Plex to your trial account to add 30 days of game time to your Eve account. You can sell the other one to get more Eve isk. From within Eve Online you can look at the market and see the current orders for buying and selling Plex. As of right now, in Jita IV - Moon 4, the most active market hub in Eve Online, you can immediately sell a plex for 897M Eve isk. If you're willing to wait until someone else buys your Plex, you can set up a market order. This will cost you brokerage fees and time, but it might allow you to sell your Plex for a bit more than the current highest buy order. Currently, the lowest sell order for a Plex in Jita is 909M Eve isk. So, after you've successfully sold your Plex on the Eve market, check the first page of this thread. If it hasn't been updated in a while, you might post to confirm that the front page's rates are still current or send me an evemail. I used to check this thread daily, but lately I'm more likely to check every other day or so. Once you've confirmed that I haven't been hit by a bus, you can send Eve isk to my Eve alt, Min Lo, along with an evemail from your Eve alt, saying something like, "Hi, please send ___M Dust isk to my Dust alt, who is named ____." Currently, if you bought a couple of Plex from CCP for ~$35, sold one of those Plex in EveOnline for 897M Eve isk, kept 7M Eve isk to goof around with in Eve, and exchanged 890M Eve isk for Dust isk, you'd get 161M Dust isk, at the current 1/5.5 ratio. That's ~$17.50 USD (if you bought two plex, instead of paying ~$20.00 USD for a single plex) for 161M Dust isk. That's 9.2M Dust isk per USD. If you pay ~$20.00 USD for a single plex, that's ~ 8M Dust isk per USD. Alternatively you can spend your real money on Aurum. Currently on the PSN store, your $20.00 USD would buy you 43,000 aurum. That's 2,150 aurum per USD. (I don't know how much of that money from Aurum sales goes to CCP to continue developing Dust514/EveOnline/Legion, and how much of it goes to Sony. I am under the impression that Aurum sales are one of the ways CCP measures Dust514's success, and influences CCP's decisions to allocate resources for further developement of Dust514.) So for $20 USD you can get either 161M Dust isk or 43,000 aurum. Per USD, you can get 8M Dust isk or 2,150 Aurum. What can that much Dust isk or Aurum buy you? That depends on your skills. If you need the aurum version because you lack the skills to use isk version, there's really no comparison. On the other hand if you do have the skill points to use the isk version, consider the following options. Madrugar tanks: Your dollar buys you 8M Dust isk you can spend on 82 Madrugars at 97,000 Dust isk each, or your dollar buys you 2,150 Aurum you can spend on 7 Madrugars at 300 Aurum each. Proto Sentinal suits: Your dollar buys you 8M Dust isk you can spend on 138 Proto Sentinal suits at 57690 Dust isk each, or your dollar buys you 2,150 Aurum you can spend on 21 Proto Sentinal suits at 100 Aurum each. Those are the first two items I thought to compare. Please feel free to point out any outliers that get further away from what seems to be a roughly x10 cost multiple for using low-skill requirement aurum gear. Having finally laid out these calculations, I don't want to discourage CCP from allocating resources to Dust514, because of bitter vets electing to purchase plex, use the exchange, and fund their Dust514 adventures this way, instead of buying Aurum. One of the reasons I want to operate this exchange in the open, is to communicate to CCP that a portion of its plex sales are an expression of players interested in playing Dust514. I imagine a business teleconfernce where Hilmar Veigar P+¬tursson says, "Ok, Rattati, we just saw Aurum sales increase by ___. Keep doing what you're doing, and we'll keep ___ devs working on Dust514." I'd like this exchange and this thread to help Hilmar Veigar P+¬tursson say, "we just saw Aurum sales increase by ___, and we can attribute ___ plex sales to people funding their Dust characters. Keep doing what you're doing, Rattati, and we'll keep ____ devs working on Dust514." All of my plex used to keep Min Lo subscribed to Eve Online (at least eleven plex per year) can safely be attributed to keeping this exchange open and funding my Dust514 playtime. An official CCP run exchange would let CCP measure this directly. I hope CCP will consider this thread and this exchange's operation (especially when building Legion), even though its a poor substitute for an official exchange. Thanks to everyone who bothered to bore through what turned into a rambling wall of text, -Gyn Wallace/Min Lo The Dust/Eve Isk Exchange Thread
Alena Ventrallis Vengeance Unbound RISE of LEGION 2166	Posted - 2014.11.14 19:15:00 - [297] - Quote So if I give 100M Eve money, what would that translate to in Dust money? A penalty on the current exchange rate? Proof that Rattati/CCP do listen to the playerbase.
Jadek Menaheim Xer Cloud Consortium 4253	Posted - 2014.11.14 23:39:00 - [298] - Quote Extremely satisfied customer here. https://twitter.com/JadekMenaheim/status/533403655370977280 Try the new Planetary Conquest Mode!
Pokey Dravon OSG Planetary Operations Covert Intervention 3510	Posted - 2014.11.14 23:42:00 - [299] - Quote Alena Ventrallis wrote: So if I give 100M Eve money, what would that translate to in Dust money? A penalty on the current exchange rate? Currently it looks like the rate is 5.5/1 so 100M EVE ISK is 18.18M Dust ISK Hotfix Delta Sentinel eHP Calcs
Gyn Wallace OSG Planetary Operations Covert Intervention 154	Posted - 2014.11.15 03:19:00 - [300] - Quote Pokey Dravon wrote: Alena Ventrallis wrote: So if I give 100M Eve money, what would that translate to in Dust money? A penalty on the current exchange rate? Currently it looks like the rate is 5.5/1 so 100M EVE ISK is 18.18M Dust ISK That's correct. If I get too many small exchanges, I may publish rates that change with the batch sizes again, with poorer rates of exchange for smaller batches. I used to do that because I was worried about getting swamped with small batch exchanges, but it hasn't been a problem. The Dust/Eve Isk Exchange Thread



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