How gold farming works
January 23, 2006 | 22:00
We've been pointed at a fascinating article this evening that describes, in intricate detail, gold farming.
Gold farming is a term that has been bandied around a lot lately. We hear all about it from enraged MMO players, and we're told that in-game currency is the next big financial market. But if, like me, you're a little hazy on how all of this actually works in practice, this is a great insight into that world.
The chap in the article claims that he has created a company with 16 employees, who have healthcare benefits, and turns over $800,000 a year. Those are rather crazy numbers.
Here's a quick quote from the article itself:
"I started selling about 7 years ago. I started on my home server, amongst a few other sellers. At the time EQ was EQ, no expansions, fairly new, and you could sell 1,000 platinum for $500. I got into selling because of a GM at the time who I spoke to on occasion who was selling platinum and other items from places like mistmoore, guk, and solusek b. This was at a time a GM was an unpaid volunteer player, and the kinks hadn't been worked out as far as the EULA which forbid the buying and selling of intellectual property.
My tax return for that year which has salary from 2 months of my job which I quit to make this my full time business, showed $150,623.78 after expenses. By this time I had made another character on another server and bought myself another computer and was playing on two. I killed guards in everfrost and sold the weapons to vendors and then bought items from players, or sold the platinum. That's the entirety of what I did to make that income."
All in all, well worth the read if you're at all into MMO gaming. Drop by the forums and let us know what you think: could you too get rich quick?
Gold farming is a term that has been bandied around a lot lately. We hear all about it from enraged MMO players, and we're told that in-game currency is the next big financial market. But if, like me, you're a little hazy on how all of this actually works in practice, this is a great insight into that world.
The chap in the article claims that he has created a company with 16 employees, who have healthcare benefits, and turns over $800,000 a year. Those are rather crazy numbers.
Here's a quick quote from the article itself:
"I started selling about 7 years ago. I started on my home server, amongst a few other sellers. At the time EQ was EQ, no expansions, fairly new, and you could sell 1,000 platinum for $500. I got into selling because of a GM at the time who I spoke to on occasion who was selling platinum and other items from places like mistmoore, guk, and solusek b. This was at a time a GM was an unpaid volunteer player, and the kinks hadn't been worked out as far as the EULA which forbid the buying and selling of intellectual property.
My tax return for that year which has salary from 2 months of my job which I quit to make this my full time business, showed $150,623.78 after expenses. By this time I had made another character on another server and bought myself another computer and was playing on two. I killed guards in everfrost and sold the weapons to vendors and then bought items from players, or sold the platinum. That's the entirety of what I did to make that income."
All in all, well worth the read if you're at all into MMO gaming. Drop by the forums and let us know what you think: could you too get rich quick?
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