How are prices determined?

Discussion in 'Help & Support / Errors & Bugs' started by blackbelt4eva, Jan 3, 2013.

  1. blackbelt4eva

    blackbelt4eva Builder
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    I was just wondering how are server prices determined and how can they be changed? Also is there a list of suggested prices of all items and farm any where?
     
  2. a18greek18

    a18greek18 Former EcoLeader
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    Well, the prices are determined by andrew and wewin to balance the economy and not make one way of getting money better than the rest. The prices need to be balanced so that the server can run smoothly and and not have some players ruining the Hardcore Economy that we have.
     
  3. blackbelt4eva

    blackbelt4eva Builder
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    So why are diamonds worth less than fish? Aren't diamonds harder to obtain?
     
  4. RyanJF1

    RyanJF1 Builder
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    Not really. Diamonds are more of a user-ran market. If you mine constantly with a fortune 3 pickaxe, you will get 250% more diamonds than with a regular pickaxe. Fishing to me is really slow and slightly boring.
     
  5. myminecrafter01

    myminecrafter01 Builder
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    The fish prices were elevated to make it viable source of income. With mining you're not just mining for diamonds your also mining for redstone, coal, lapis, iron, gold, emeralds, the combination of mining all of these makes more then fishing and almost as much as farming. The last time I when mining with a eff 5 for 3 pick I found about 50 diamonds in one hour. As Ryan said diamonds are a user based market, a few months ago a player lowed the price by selling cheap diamonds. Lastly there isn't a large demand for diamonds, as once you make your enchanted diamond tools you can keep getting them repaired.
     
    #5 myminecrafter01, Jan 6, 2013
    Last edited: Jan 6, 2013
  6. mattybillo1

    mattybillo1 Builder
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    'almost as much as farming' Mining makes around 12k an hour compared to farming 18k, mining has never made close to farming.
     
  7. Thecreator767

    Thecreator767 Builder
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    What are you farming for 18k an hour >_> also my luck sucks with mining so i'm more on the 6k per hour side xD
     
  8. blackbelt4eva

    blackbelt4eva Builder
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    ok but if andrew determines what the prices are then why would someone selling diamonds at a low price affect the server cost of the item?
     
  9. myminecrafter01

    myminecrafter01 Builder
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    Originally there was no server price for diamonds, the reason the server price was added was to reduce the number of diamonds in the economy and therefore attempt to raise the price of diamonds.
     
  10. KMaxwell

    KMaxwell Crazy Cat Lady that Crochets
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    Because, until recently, you couldn't sell diamonds to the server at all.
     
  11. blackbelt4eva

    blackbelt4eva Builder
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    o okay thanks