Hiebe 2493 Share Posted June 7, 2017 Economy Team Update Short/small update. Harold as you might have seen left the GM team and his role as Economy Head. I was motivated enough and selected to replace him and follow through with his ideas as well as his plans that were established under his leadership. I want to try and do these posts every month to keep players in the loop of how well we are doing, as well as get your thoughts on how you think everything is doing. The data below is from a bit of polling in regards to the economy, I just picked out a few bits of information to showcase to you might find interesting while we work to improve the Economy Minas in the Economy Below is data showcasing time played on the server and how many minas are in circulation. The Data was collected from all personas with over 30 minutes of play time. Data from 5-12-17 -Total Mina in circulation 4,691,219 -Total hours spent ingame server wide on Axios 25,689,221 Data From 5-21-17 -Total Mina in circulation 4,677,530 -Total hours spent ingame server wide on Axios 26,524,760 Data from 6-4-17 -Total Mina in circulation 4,679,814 -Total hours spent ingame server wide on Axios 27,873,377 Admin Buy Store (Money Creation) The Admin Buy Stores buy resources from players for mina, both providing the player with Minas to spend (good) and also removing resources from circulating in the economy (which fosters trade as demand increases). This data is polled from the opening of the Admin Stores. Admin Buy Shops (money creator) 5-12-17 -Total Items Bought 9,592,935 -Total Minas Created 3,416,847 Admin Buy Shops (money creator) 6-4-17 -Total Items Bought 13,053,582 -Total Minas Created 4,119,909 Rare Item Sales We introduced rare items to be sold into the economy, while we have plans to expand this they were intended to draw a lot of minas out of the economy and provide a goal for those who are saving money. Admin Sell Shops (gold sinks) as of 6-4-17 Diamond Armor -Total 775,000 mina was taken out of the economy. Animal Crates (Spawn Eggs) -Total 18,650 mina was taken out of the economy. Interesting Data -Average mina amount per player is about 2.8k. -Most bought item is logs 8,991,977, next is nether warts at 1,821,590. -We spend too much time on here. -Every three weeks there is about 100-150 new personas added to the data sheets. -No one bought a single elytra. Official Changes: Elytra prices dropped from 50k to 15k Iron buy price raised from 3m to 5m Lockpick shop added to spawn (hidden of course) 50m each Mina voting will be brought back yay! Mob drops will be buffed There is now a min price on LC. It is 2500 which is a 50x50 block. LC is still 1 mina per block this is just a bottom price. Economy Team wants to hear your thoughts, give us ideas of gold sinks, changes you think can be done, items to be added to buy/sell admin shops, or anything crazy you’d like to been seen economy wise. Also, rep please Link to post Share on other sites More sharing options...
Archipelego 2188 Share Posted June 7, 2017 hey thats pretty good Link to post Share on other sites More sharing options...
Jonificus 2763 Share Posted June 7, 2017 Who wants to be an LotC millionaire hosted by Mithius Dalma, tonight at 8 on OrenTV. Link to post Share on other sites More sharing options...
shortchangehero 4217 Share Posted June 7, 2017 add back that **** where to sell **** it was out of the way and on the roads where bandits can shaft you Link to post Share on other sites More sharing options...
Chorale__ 2147 Share Posted June 7, 2017 17 minutes ago, Hiebe said: Mina voting will be brought back yay! Estimated time on this? Super excited. Link to post Share on other sites More sharing options...
Hiebe 2493 Author Share Posted June 7, 2017 2 minutes ago, Chorale_ said: Estimated time on this? Super excited. 0 Soon....tm Link to post Share on other sites More sharing options...
Chorale__ 2147 Share Posted June 7, 2017 7 minutes ago, Hiebe said: Soon....tm 0 1 Grr, within the next week, a month? !!! Link to post Share on other sites More sharing options...
Aphromo 12 Share Posted June 7, 2017 The influx of mina in the server is not as much as I thought it would. With the admin shop one would expect mina to become inflated by a large margin but that's not the case. More items for players to sell, and some of the prices buffed would be something to take in consideration. Link to post Share on other sites More sharing options...
MrMineLoveDude 299 Share Posted June 7, 2017 Useful update. Link to post Share on other sites More sharing options...
Rammer 388 Share Posted June 7, 2017 40 minutes ago, Hiebe said: -Total hours spent ingame server wide on Axios 25,689,221 Link to post Share on other sites More sharing options...
6xdestroyer 1610 Share Posted June 7, 2017 43 minutes ago, Hiebe said: Official Changes: Elytra prices dropped from 50k to 15k 1 Link to post Share on other sites More sharing options...
SaviourMeme 968 Share Posted June 7, 2017 Nice Link to post Share on other sites More sharing options...
SodaiKamikaze 652 Share Posted June 7, 2017 Shulker shells??? Link to post Share on other sites More sharing options...
Sky 0 Share Posted June 7, 2017 1 hour ago, Hiebe said: -Total hours spent ingame server wide on Axios 27,873,377 @Hiebe That has to be wrong, because if it's true then 3190 years equivelently??? Link to post Share on other sites More sharing options...
Hiebe 2493 Author Share Posted June 7, 2017 1 minute ago, Sky said: @Hiebe That has to be wrong, because if it's true then 3190 years equivelently??? 0 Total playing time of all players it's true. 40 minutes ago, 6xdestroyer said: 0 No one bought a single one Link to post Share on other sites More sharing options...
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