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Easiest gold ever

Tiarna de na Fhiaigh Corcra
Osu
Tiarna de na Fhiaigh Corcra
  • GW2: Osu.6307
Posted On: 11/02/2015 at 08:02 AM
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Don't know if many of you noticed, but flax, the new harvest-able flora in the HoT zones is REALLY expensive. Currently about 10-11s per. If you want a really easy way to make an additional 1.5g per day, there is a flax farm on the forest floor directly below the POI west of Jaka Itzel wp in Verdant Brink. Just go to the POI, and jump off the platform on the NE side and fall for about 10 seconds. Deploy you glider when you start to see the forest floor and when you are close enough, about 8-10 plant icons will show up on your minimap to show you where to land. I ran all my alts there to take advantage while prices remain high. Why so expensive, you may ask. Well, in order to make exotic gear with Viper stats (the new hotness for condi builds) you need 200 flax PER PIECE. And you though damask was expensive!!!

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Caomhnoir de na Ulchabhan Donn
Gaspara112
Caomhnoir de na Ulchabhan Donn
Replied On: 11/02/2015 at 08:20 AM PST
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As someone chasing Nightfury I have had 8 alts and visited on my Rev every day for the last 4 days.

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Tiarna de na Fhiaigh Corcra
Osu
Tiarna de na Fhiaigh Corcra
  • GW2: Osu.6307
Replied On: 11/02/2015 at 09:34 AM PST
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All 9 of my toons hit it now. 15g in 5 min.

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Saighdiuir de na Capall
Nosfuratu
Saighdiuir de na Capall
Replied On: 11/02/2015 at 01:40 PM PST
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Yay gold inflation

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Tiarna de na Fhiaigh Corcra
Osu
Tiarna de na Fhiaigh Corcra
  • GW2: Osu.6307
Replied On: 11/03/2015 at 09:26 AM PST
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There's actually another flax farm in the Tangled Depths. The attached will show you how to get there. It only takes a couple minutes from the starting wp in the zone. You do have to fight some wyverns, so best not bring your naked uplevels.

https://www.youtube.com/watch?v=7dHtyZeWr7U

Must be a lot of farmers out there. The price of flax has dropped 3s in the last 24 hours.



» Edited on: 2015-11-03 09:27:35

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Taoiseach de na Arach Glas
Foghladha
Taoiseach de na Arach Glas
  • GW2: Foghladha.2506
  • ESO: @Foley
Replied On: 11/03/2015 at 09:39 AM PST
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Actually its so expensive because flax is a part of almost everu single huild upgrade. By my calculations just to be able to claim keeps we will need more than 1 million flax. Each vial of linseed oil needs 20. We currently need 50 of those just to be able to get the ability to upgrade our guild hall once again. 

Flax is the single most important item for upgrading guilds and their guild halls.

"It's not the loot and accolades you walk away with, it's the memories and friendships that you cherish forever." - Foghladha
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Seaimpin de na Capall Donn
Jace
Seaimpin de na Capall Donn
Replied On: 11/03/2015 at 09:47 AM PST

Should we organize a flax hunter parties!?

That'd be a fun drinking event :P 

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Caomhnoir de na Ulchabhan Donn
Gaspara112
Caomhnoir de na Ulchabhan Donn
Replied On: 11/03/2015 at 12:01 PM PST
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Lin seed oil (20 flax) is also used for just about every scribe recipe. Flax is literally used for everything in HoT.

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Seaimpin de na Capall Donn
Jace
Seaimpin de na Capall Donn
Replied On: 11/04/2015 at 11:55 AM PST

So here is my attempt to "teach someone to fish" in the world of GW2 crafting.

So flax price is going to change probably very quickly depending on how out of hand it gets and how much hording is going on. AKA flax prices will probably stabilize in a few months to a more agreeable rate. Right now the inflation is due in part to the massive amounts of flax needed for guilds and scribe and how much people are hording on to them for those reasons, just like Fog had mentioned. 

One really great way to make some gold alternatively to this is to simply use gw2spidy.com. The idea behind this is you need to factor in crafted and gathered prices to find a cost value in order to determine your profit.

For example let’s take 15 slot darksteel boxes.

  • Darksteel Ingot - 6s 38c – This is the TP sell price currently

It takes the following to make one Darksteel Ingot:

  • 2 Platinum Ore - 3s 56c
  • 1 primordium - 48c
    • You have to buy them in stacks of 10 from vendor so the price per 1 was reduced via this formula 10/4s.80c
    • You can get them cheaper in smaller quantities from the TP but it’s not that large of a gain

Your total crafted Darksteel Ingot Cost - 4s 04c – This is per ingot! Start to think this way.

  • When you simply sell your own gathered goodies to the TP your profit for this will be:
  • Profit of 2s 34c per ingot
  • Over ten ingots for the Box it would have been: 23s 34c

Now in order to make a box you have to have:

  • 10 x Darksteel Ingot’s –
    • Crafted cost: 40s 40c
    • Trading Post Cost (if you buy them from TP): 60s 38c
  • 1 x Major rune of holding – Vendor Cost: 50s
  • Total Box Cost:
    • Crafted Cost: 90s 40c
    • Trading Post Cost: 1g 10s 40c
    • Current Trading Post Cost for Box: 1g 49s 30c

With that said you are looking at two potential profits: Crafted and TP

  • Crafted\Gathered is: 58s 90c
  • Trading Post Purchased: 38s 90c

As you can tell the original price of the Darksteel Ingots sold for 23s 34c and the TP cost of the box was 38s 90c. When you subtract that and find your total profit over each one you only made 15s 56c per box over simply selling the ingots.

When you factor in all of your money gaining efforts you can find out that a lot of money can be earned this way. The biggest downfall for people is not factoring the ACTUAL cost for the materials they have already gathered. Many times people think “oh it doesn’t cost me anything because I gathered it”. Yet it really does because its value has changed from currency to token based and still has a monetary value.

Using the formula and method above you will find out that the crafted and TP based values change drastically from item to item. I've done my research on this and some items the crafted to TP based different is in some cases 400% higher making a 100g item in crafted materials cost upwards of 400g.

However the opposite is also true. In some cases an expensive item can be more expensive on the gathering side. When it comes to certain hides,leathers, and silks you can get more for the base level materials than you could make back by selling a crafted item. 

TL:DR: look at what your trying to sell and validate why it's so expensive or why you can make money on it. Listed above is a quick way to make a few gold by simply crafted some bag slot items.



» Edited on: 2015-11-04 12:00:50

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