Guild Wars 2

OK, everyone knows it’s a toilet for gold when trying for a Precursor. That’s how it got that nickname. But it’s also a great way to make money IF you know how to use it (And don’t waste your gold trying to get something that’s almost impossible)
So, I’m not going to give away ALL my gold tips, for sure. But just one at a time, and if people ask for more, I’ll reveal more secrets, in edits of this post.

Part 1: The “Runes/Sigils Method”
Yes, this one is VERY well-known, and with that publicity, comes a price. It will make you about 20-50s per 30 minutes if you’re fast, so if you have very little money (I’d recommend this for those with under 50 silver) this could get you started. It’s how I got started with discovering new ways to utilize the Mystic Forge, but not a good source of income nowadays. Basically what you do is you buyout a ton (250 at most though, or else it gets SUPER boring) of minor sigils or runes, convert them with that 1/4 chance of getting a major, and (If you’re me) sell the majors to the highest buyer. If you want to wait forever for the majors to sell, if they ever do, then you can list them as sell orders. I don’t do that simply because I only use this method when I’m SUPER strapped for cash, I.E. after leveling my crafting, so I want to take the least time possible to get my money.

Method 2: 70-80 Greens
This is one that I use All The Time because it’s been super effective (Although after this post it probably won’t be much longer.) Buyout greens that are placed at level 70-80 (I try to get them at 2.50s or less), combine them, and then sell the rares I get at the lowest seller. It works great with most weapons, but with armor I usually prefer to salvage them with a Master’s Kit and sell the ectos I hopefully get. I came up with this myself, however I’ve told many people about it so there’s probably a Youtube video about it by now. There are some markets like the green Greatswords that you may need to place buy orders for since they are usually upwards of 2.75s, which could be a bit much for some.

Anyway, if you guys want me to add anything else that I’ve been doing to make gold, go ahead and comment or PM me. I am always finding tons of things to do with the Mystic Money-Maker that makes me a good amount of gold. This post doesn’t even scratch the surface of what you can do!

While I can appreciate you helping people, making 20-50s in 30 minutes is a terrible ROI on your in game time. You can do almost any dungeon in half that time and make 2-3 gold.

cranked.3812:

While I can appreciate you helping people, making 20-50s in 30 minutes is a terrible ROI on your in game time. You can do almost any dungeon in half that time and make 2-3 gold.

I understand that my friend. That is why I didn’t recommend it, but I feel I had to put it out there with the amount you make, as most would probably do so based on videos they’ve seen without understanding how terrible it is.

I make more than 100g profit through the forge on average per week while spending less than an hour doing it. Most people cant be bothered with the clicking or averaging out your rng and stop after hitting a bad run.

Wanze.8410:

I make more than 100g profit through the forge on average per week while spending less than an hour doing it. Most people cant be bothered with the clicking or averaging out your rng and stop after hitting a bad run.

This ^^

The forge is very profitable if you are willing to calculate out the averages and learn what to do and not what to do. Only takes me like 10 minutes a day of actual play to make lots of gold.

I remember once someone said (in response to the accusation that flippers were such greedy gougers that they would only ever put up sell listings) that people who put up sell listings instead of selling to buy orders were providing a service to those who wanted to get things immediately.

In a similar vein, anyone running the forge promotion is providing a service to the economy – by creating a demand for high-level masterworks, and subsequently through great personal effort creating a supply for high-level rares to supplement that already provided by crafting.

Anyway, I made my first 500g through this method starting out with only 10g to begin with. It’s not very fast, but it doesn’t take much effort, and is nice to do while you’re feeling idle, and you can do other things – dungeons, other PVE, WvW, just having fun – while waiting for your buy orders to fill.

Rare daggers, rare axes, rare staves and rare swords are all good alternative markets to aim for if you’re tired of the greatsword-mania. Velocity of these markets are relatively high, and so is the return-on-investment.

The ecto market is also a consistent earner, but it’s got a lower margin now that you can’t put in buy listings for below [vendor+TP tax].

Wanze.8410:

I make more than 100g profit through the forge on average per week while spending less than an hour doing it. Most people cant be bothered with the clicking or averaging out your rng and stop after hitting a bad run.

If only my new best friend for everest Wanze could help a poor starving man make a few hundred gold.

silvermember.8941:

Wanze.8410:

I make more than 100g profit through the forge on average per week while spending less than an hour doing it. Most people cant be bothered with the clicking or averaging out your rng and stop after hitting a bad run.

If only my new best friend for everest Wanze could help a poor starving man make a few hundred gold.

1. Read this including all sub sections:
http://wiki.guildwars2.com/wiki/Mystic_Forge
2. Use this to check prices:
https://www.gw2tp.com/
3. Overbid lowest bids by 1 copper
4. Forge
5. Undercut lowest listing by 1 copper
6. Profit

Wanze.8410:

silvermember.8941:

Wanze.8410:

I make more than 100g profit through the forge on average per week while spending less than an hour doing it. Most people cant be bothered with the clicking or averaging out your rng and stop after hitting a bad run.

If only my new best friend for everest Wanze could help a poor starving man make a few hundred gold.

1. Read this including all sub sections:
http://wiki.guildwars2.com/wiki/Mystic_Forge
2. Use this to check prices:
https://www.gw2tp.com/
3. Overbid lowest bids by 1 copper
4. Forge
5. Undercut lowest listing by 1 copper
6. Profit

Does this mean you do something other than the green -> rare forging as said in this thread?

Wanze’s posted in the past that he does a lot of MF promotion. (One such market was Bronze → Iron Ingots.) The market is wide enough that there’s almost always profit to be made somewhere.

With regards to forging greens, I use a system that skews me towards weapons as an output. Rares have a base value related to the cost of ecto’s, but rare weapons with a desirable precursor equivalent are worth more. Also, don’t mix greatswords with other things, and the same for any other weapon type which has a high value as a rare.

I did the rune/sigil thing for a while until someone provided a dynamic guide on various MF profit projections including upconverting mats and refined mats. Yes that costs SPs but it takes a fraction of the time and clicks at the MF compared to the rune/sigil method for the same and sometimes considerably more profit.

Most of the time is waiting for raw material to be purchased and the finished product to sell but I made over 2 gold in less than 5 minutes last night using nothing more than a metric kitten load of one T1 refined mat and 1 SP (daily needed 3 so I’m still up 2).

Behellagh.1468:

Most of the time is waiting for raw material to be purchased and the finished product to sell but I made over 2 gold in less than 5 minutes last night using nothing more than a metric kitten load of one T1 refined mat and 1 SP (daily needed 3 so I’m still up 2).

The question is, can you do with the same then also 24g in an hour … and 240g in 10 hours ?
Or was it more that you did something 5 minutes actually at the forge, but also you
maybe stood 5-10 minutes at the AH to type in buy orders, get the stuff you got and
put them in your bank and things like that ?

Since I was buying one T1 mat in a large quantity (and a touch of dust) it took all of a minute to order. Then I go off to play as it comes in. I only use the forge for 5 to 10 conversions and then sell the 2 to 3 stacks I get. They sell by the time of my next play session. But since the markets are always in flux, I don’t preorder my raw mats to improve the process.

Scaling is a problem simply because it’s so dependent on ordering vast quantities of raw materials. If you build a big order wall, it’s more likely other players will overcut you continuously. Plus there’s the capital invested into the order. And since you aren’t the only player using this kind of info you can also end up with the raw material prices being jacked up and sell prices on the resulting output sliding, quickly making it no longer attractive.

The process is not full proof. If a bunch of players dump the same item onto the market, they’re likely drove the price down. The MF is RNG and sometimes you get unlucky, which is why I try to use the MF 5 to 10 times to smooth out poor single outcomes but you can still under perform the average with that small number of trials. There are times when I’ve gotten 70% of what I expected and lost a bit of coin and other times I’ve gotten twice as much as I expected and cleaned up.

This is for players who aren’t into speed running every path or ride the world boss train every 15 minutes. It’s to make a bit of extra on the side.

I just tried that 2-3 times, but personally i was just wasting so much time with
micromanaging selling and buying stuff and check prices and whatever that in
the end i thought i simply do better with farming some more nodes

Btw.: now and then i also made over 2g in 5 minutes on a farming run at Fort Trinity

Yeah, I’m the same. I don’t really have the patience to sit down and pore through spreadsheets to calculate precise profits and returns. I generally only use the MF to create specific items that I want, or to promote materials that I intend to use directly. (For example, I do a lot of gathering, and one thing I do is convert all my Green Wood Planks into Soft Wood Planks for my Ascended crafting.)

I find running around and gathering to be fun and relaxing, and a nice way to supplement my income while just adventuring and mapping. (It helps that I have a Watchwork Pick too, which tends to produce an extra 8g a week just by selling my excess Sprockets.)

Not really poring over than scrolling over and spotting the highlighted entries that are profitable.

And yes, you did catch creating Soft Wood Planks. Also Iron Ingots, Wool Scraps and Bolts of Wool are over 2 gold per SP at the time I’m writing this.