Continuing or little series about "
The Art of Mining" our next serious question will be:
What to mine ?
As said before - there are two type of miners - the "planners" and the "I just mine" miners.
To help the "planners" a little if have created a little overview what to expect from which type of ore you mine. Please take in account the chart is based on figures from my current skills - which are quite good for mining. The main figures are based on mining with a cruiser (I took no BS since not every one has one - but a cruiser is affordable) with a mining yields (ore you get) of 486m³ per minute.
Profits from mining - based on average ore/mineral prices in the GENESIS region:

You see on the chart above you are able to get for one hours work the equivalent value of an average from around 1,500,000 - 3,000,000 ISK per hour from low value ore (Veldspar, Scrodite, Plagioclase etc.) up to astonishing
22,500,000 (!) ISK per hour from high value ores like Crokite, Bistot etc.
So is it so easy like the chart suggests ?Mine five hours and earn 112,500,000 ISK ?
Unfortunatly not - the high value ores are in security 0.0-0.3 (this means every guy who don't likes you there could easily shot you - mining lasers are no good weapons ... and nearly all 0.0 systems are greedily guarded by PvP'ers) and by mining low value ores in high security systems you suffer losses due to ore thieves.
Also the figures are based on ONE HOUR of mining - not taken into account the time you need to:
- haul the ore to a station
- fight off some hamsters attacking you
Taken this times in consideration you come down to an effective mining time of 60-75% of an hour. Also a careful consideration of the place you mine should be taken into the planning. Choose the spot you mine carefully. All the ore you need should be in range of your mining lasers (12km for Miner II's). Creating dozens of cans can be a pain in the a** if you have to haul them all.
But I hope the chart gives you a quick peek into the possible profits you can get from mining. Also if you (or some corp lads are building ships & equipment) you can save great sums of money by mining the minerals you need by yourself instead of buying them from some greedy miners ;)