What I cant wait to find out is how long (on a casual play, aka just running some inferno runs) how long it would take to play for a month of wow.
its all 100% guesses at this stage, but I still think high end loot will go for at least .99 a drop (like a cheap phone app) so 20 items could be got in a month? and thats not counting trading smart on the AH... could be interesting. Im very happy with the blizzard eblance idea they had.
It will definitely be possible to make good money playing Diablo 3, but not by grinding or farming. You have to know what your comparative advantage is, which will be playing the markets and arbitrage.
It will definitely be possible to make good money play Diablo 3, but not by grinding or farming. You have to know what your comparative advantage is, which will be playing the markets and arbitrage.
Really? Arbitrage? In a video game?
Part of me is disgusted with this idea, but part of me really hopes that perhaps we'll teach a bunch of 15 year old boys how the world economy works and about supply and demand and market research, arbitrage, risk/reward, etc. without even having to try. The best lessons are those we learn when we don't know someone's trying to teach us something.
I also just noticed that the link to the Wiki shows screenshots of the various AH interfaces. It appears you can sell gold on the RMAH, but it also appears you can sell gold on the GAH, which makes no sense at all. Anyone have any thoughts on that from the screenshots?
My understanding is that at the time of the sale, you have to make a choice between the ebalance and exporting it to your bank account. Once it goes to your ebalance, you can no longer transfer it out to your bank account. I also read somewhere that they would only let you export the money to your bank account once a week, which means you aren't going to make a living off of it, but you could still make your money back from the initial purchase and then save the rest in your ebalance for the expansions.
Uhm, actually by default the cash goes to your bnet account e-balance, and if you choose to set it up, a third party provides the transfer between Blizzard and your bank account or whatever. Whether that's PayPal or someone else hasn't been announced yet. But you're 100% wrong, your e-balance CAN be cashed out. It can also be used to buy blizzard games online.
I figure that the $40 I paid for D3 preorder will more than likely be covered whenever I decide to sell my characters, gold and items. I mean, it feels weird talking about this since it's legal. In WoW, I sold my accounts after I was done with each of them, mostly just to cover the cost of playing the game. Feels a lot better quitting when you're up like $30-$40 net after a year or two of playing.
My understanding was that you had to choose between e-balance or cash-out and that any account that opted for cash-out never maintained a balance after that opting.
The e-balance could be used on blizzard products and AH items, but could not be turned into cash as far as I am aware.
I think the one thing I find most interesting about this RMAH is how many people are considering the idea of doing something like this as opposed to doing something actually productive as a means of actual income.
I'm not much of a gamer to the point that I'd be willing to play D3 for hours so that I can live on a sustainent income. It just sounds massively lonely and boring.
Time is money my friend. Spending 200 hours to make back the $60 you paid isn't exactly "efficient". Is the game free at this point? Sort of.. you earn the money back but spend your time. I feel like only the tip top tier of players will really make the game profitable (earning a livable wage from D3). This requires great knowledge of mfing/farming AND trading/D3 markets.. Not realistic for the vast majority of players. In any event, the rmah is one of the most exciting features for diablo 3 and I can't freaking wait!!! Words can't express my excitement for this game.
I've always been the kind of guy who picks up every grey item, which I know is actually less profitable then charging headfast towards the next boss for a much more rare item, but... I just have a hard time leaving even a little coin on the floor :-)
Knowing myself, my goal is to try and sell in-game gold on the RMAH, and use that as my main way to earn back my $60 :-) Even if its a silly goal, I think making the game pay for itself/getting to play for free is what a lot of people will be aiming to do.
It will definitely be possible to make good money play Diablo 3, but not by grinding or farming. You have to know what your comparative advantage is, which will be playing the markets and arbitrage.
Really? Arbitrage? In a video game?
Part of me is disgusted with this idea, but part of me really hopes that perhaps we'll teach a bunch of 15 year old boys how the world economy works and about supply and demand and market research, arbitrage, risk/reward, etc. without even having to try. The best lessons are those we learn when we don't know someone's trying to teach us something.
I also just noticed that the link to the Wiki shows screenshots of the various AH interfaces. It appears you can sell gold on the RMAH, but it also appears you can sell gold on the GAH, which makes no sense at all. Anyone have any thoughts on that from the screenshots?
Yeah this will be a great opportunity for people to learn economics, markets, and finances in an environment that you don't really expect to gain that sort of knowledge. You are spot on that this type of learning is often the most effective.
You're right it doesn't make sense to sell gold on the GAH. I'm sure that will be fixed or we are seeing it wrong.
Uhm, actually by default the cash goes to your bnet account e-balance, and if you choose to set it up, a third party provides the transfer between Blizzard and your bank account or whatever. Whether that's PayPal or someone else hasn't been announced yet. But you're 100% wrong, your e-balance CAN be cashed out. It can also be used to buy blizzard games online.
I figure that the $40 I paid for D3 preorder will more than likely be covered whenever I decide to sell my characters, gold and items. I mean, it feels weird talking about this since it's legal. In WoW, I sold my accounts after I was done with each of them, mostly just to cover the cost of playing the game. Feels a lot better quitting when you're up like $30-$40 net after a year or two of playing.
My understanding was that you had to choose between e-balance or cash-out and that any account that opted for cash-out never maintained a balance after that opting.
The e-balance could be used on blizzard products and AH items, but could not be turned into cash as far as I am aware.
I don't believe it is a one time choice. I'm pretty sure you decide transaction to transaction. I'm sure there is a toggle or something or a "Remember this choice" feature to make that less annoying though.
Time is money my friend. Spending 200 hours to make back the $60 you paid isn't exactly "efficient". Is the game free at this point? Sort of.. you earn the money back but spend your time. I feel like only the tip top tier of players will really make the game profitable (earning a livable wage from D3). This requires great knowledge of mfing/farming AND trading/D3 markets.. Not realistic for the vast majority of players. In any event, the rmah is one of the most exciting features for diablo 3 and I can't freaking wait!!! Words can't express my excitement for this game.
I can't wait either. Hopefully my site can help people gain that great knowledge of trading and markets that you talk about so that even the average gamer will be able to make a little money playing the game we love.
I've always been the kind of guy who picks up every grey item, which I know is actually less profitable then charging headfast towards the next boss for a much more rare item, but... I just have a hard time leaving even a little coin on the floor :-)
Knowing myself, my goal is to try and sell in-game gold on the RMAH, and use that as my main way to earn back my $60 :-) Even if its a silly goal, I think making the game pay for itself/getting to play for free is what a lot of people will be aiming to do.
Your goal will definitely be possible, but your best option is not farming and selling gold. You just don't have a comparative advantage there. You will be better served playing the markets and currencies to make your money back. Check out an article about this here.
its all 100% guesses at this stage, but I still think high end loot will go for at least .99 a drop (like a cheap phone app) so 20 items could be got in a month? and thats not counting trading smart on the AH... could be interesting. Im very happy with the blizzard eblance idea they had.
:: Enkeria [Twitter / Twitch / Website / Tattoos]
Really? Arbitrage? In a video game?
Part of me is disgusted with this idea, but part of me really hopes that perhaps we'll teach a bunch of 15 year old boys how the world economy works and about supply and demand and market research, arbitrage, risk/reward, etc. without even having to try. The best lessons are those we learn when we don't know someone's trying to teach us something.
I also just noticed that the link to the Wiki shows screenshots of the various AH interfaces. It appears you can sell gold on the RMAH, but it also appears you can sell gold on the GAH, which makes no sense at all. Anyone have any thoughts on that from the screenshots?
Auction House
My understanding was that you had to choose between e-balance or cash-out and that any account that opted for cash-out never maintained a balance after that opting.
The e-balance could be used on blizzard products and AH items, but could not be turned into cash as far as I am aware.
I'm not much of a gamer to the point that I'd be willing to play D3 for hours so that I can live on a sustainent income. It just sounds massively lonely and boring.
http://huntersc.tv
Knowing myself, my goal is to try and sell in-game gold on the RMAH, and use that as my main way to earn back my $60 :-) Even if its a silly goal, I think making the game pay for itself/getting to play for free is what a lot of people will be aiming to do.
Yeah this will be a great opportunity for people to learn economics, markets, and finances in an environment that you don't really expect to gain that sort of knowledge. You are spot on that this type of learning is often the most effective.
You're right it doesn't make sense to sell gold on the GAH. I'm sure that will be fixed or we are seeing it wrong.
I don't believe it is a one time choice. I'm pretty sure you decide transaction to transaction. I'm sure there is a toggle or something or a "Remember this choice" feature to make that less annoying though.
I can't wait either. Hopefully my site can help people gain that great knowledge of trading and markets that you talk about so that even the average gamer will be able to make a little money playing the game we love.
Your goal will definitely be possible, but your best option is not farming and selling gold. You just don't have a comparative advantage there. You will be better served playing the markets and currencies to make your money back. Check out an article about this here.