Econcomy Report 11/22/13

Ferrari5746 · 7 September 2013 00:46

[details=“Spoiler”][size=14pt]Economy Report
[size=14pt]This is the first economy report, there will be less information, since there is nothing to compare it to. However, next week, the data will be compared with this. All the economy reports will be on this thread, and when a new report comes out, the old comments will be removed. This report is a great tool to use when shopping for items; helping you not overpay for items. Also, this helps store owners place prices competitively. The prices are per block, or unit if item is an ore or non-block. When prices are lower, it’s better for buyers, when they are higher it’s better for sellers (store owners).
[size=14pt]
Basic Block Average [BBA] - 10.23
[size=10pt][stone, log, diamond, glass] - This average shows how the main block prices are doing.
[move][b][size=14pt]
Stone 0.15 | Dirt 0.11 | Cobblestone 0.08 | Log [size=10pt][All Types] 0.44 | Glass 0.33 | Tnt 10.00 | Clay 0.56 | Soul Sand 0.31 | Glowstone 0.62 | Mycel 19.5 | Nether Brick 0.39 | Coal 0.50 | Arrow 0.12 | Diamond 40.00 | Iron Ingot 2.55 | Gold Ingot 5.00 | Wheat 0.12 | Redstone 1.56 | Leather 0.31 | Sugar Cane 0.17 | Beef 0.31 |

[/b][/move]
[size=14pt]Social Class Report
[size=12pt][class] | [cash bracket] | [percentage] | [▲▼ -.–% from last week]

Upper | 1,000+ | 17.30% | ▼ 1.49%
Middle | 100 - 999 | 37.17% | ▲ 6.35%
Lower | 0 - 99 | 44.23% | ▼ 3.89%

[size=14pt]Key
▲▼- Increase/Decrease from last week
Log - Name of Item
0.00 - Change in price from last week per block[/details]

Ferrari5746 · 14 September 2013 05:03

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]
Poverty Levels and Shop Prices Drop
[size=14pt]Items are now becoming less expensive, which is good for buyers. The new prices will affect seller profit along with job payment. The poverty level has dropped as well, by 6.59%, showing us that people now have more money to spend. This will probably increase sale prices and salaries for next week. How have you been affected by the economy this week?

Mycel Price Plummet
[size=14pt]Lack of sales cause the price of mycel to plummet. Although rare, demand is low from it’s little use; since mycel cannot be made, the price will most likely increase again in the future. However, at the moment mycel seems to have a very low demand, causing shop owners to lower their prices. Do you think mycel is valuable?

Admin Shop Diamonds
[size=14pt]A problems is arising were people donnot sell diamonds to other payers, but only to admin shops. Within the last 2 weeks, only 5 diamonds have been bought while over 1,100 have been sold to admin shops (generating about $56,000 into the economy). Is the admin shop hurting more than it’s helping?

[/b][/move]
[size=14pt]Total Server Money [size=12pt]b[/b]
[size=14pt]This shows how much money is in the economy. Dollar Strength shows how much 1 dollar can buy, the lower the total is, the stronger it is.

Upper - $213,727.35
Middle - $17,812.39
Lower - $2,541.38
Total Server Money: $234,081.12
Dollar Strength [lower the stronger]: 14.1

[size=14pt]Social Class Report
[size=14pt]Upper | 1,000+ | 24.11% | ▲ 6.81%
Middle | 100 - 999 | 37.05% | ▼ 0.12%
Lower | 0 - 99 | 37.64% | ▼ 6.59%[/details]

Ferrari5746 · 20 September 2013 22:55

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]

Inflation on the Rise*
[size=14pt]Only since last week, inflation has risen a whopping 21.23%. Well…what does this mean? This means that what was for sale last week now costs 21% more ($100 object now costs $121). At least is should be, sellers have not adjusted their prices yet (BBA raising only 0.09%); meaning you are technically saving money until prices change. Do you have more or less money than last week? article now void due to calculation error.

Prices on the Rise
[size=14pt]All block prices have risen or stayed the same this week. Gold was the only one that lowered, and only lowered by $0.05. This shows how prices are adjusting for inflation, however the main products used in the BBA(stone, glass, diamonds, logs) have hardly raised; poorly representing the price change this week. No diamonds were bought at all this week, only sold to the admin shops, which affects the BAA prices. We encourage sellers to raise their prices, if they haven’t already done so. Have you noticed a raise in prices?

Large Drop into Poverty
[size=14pt]This week, the middle class fell by over 4%. Most who left middle class when directly into the impoverished lower class. The upper class was able to benefit from this, making about $2,000 (not to mention most if not all the money from money being generated) from the change. This week, the gap was slightly widened from upper and lower class, but it will most likely be correct by next week. Remember, you can make $100 a day from going to the market!

[size=14pt]Social Class Report
[size=14pt]Upper | 1,000+ | 24.69% | ▲ 0.58%
Middle | 100 - 999 | 32.71% | ▼ 4.34%
Lower | 0 - 99 | 41.35% | ▲ 3.71%[/details]

Ferrari5746 · 28 September 2013 00:43

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]

Market Surge
[size=14pt]This week, there was a large amount of buyers looking for new and unique items. This grew the product logs, adding wool and sand; those of which hadn’t been bought or sold within the last month. Many entrepreneurs are now creating shops at competitive prices, appealing even more to the customer. Store are selling diamonds as well, making our server less dependent on server made diamonds.Have you bought more goods this week?

1.7 Transfer
[size=14pt][Speculation article] As many of you know, the 1.7 update is approaching. Our server will be getting a new map. It’s understood that there will be transfers of items but not cities or homes. It’s claimed that users will be given a limited amount of space to move from one map to another, so it’s suggested that you pack items of high values along with tools and food; and preferably stackable. It’s suggested that you buy what you need, and sell what you don’t for minimal loss. With the demand of expensive items foreseen to rise as the date approaches, prices are bound to go up; along with cheaper items lower in price. It’s highly suggested that you start planning as soon as possible, to still buying and selling items before the prices change.How will you prepare?[/b]

New Items Added
[size=14pt]There has been an update of the items featured below. Many new items are now features to show more aspects of the economy; items such as bones, sand, and wool. We replaced clay with hard clay and also removed some other, irrelevant items. The items that make up the BBA will most likely be edited by next week. What items would you like added or removed?

Ferrari5746 · 5 October 2013 06:21

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]

Signs of Market Crash…?
[size=14pt]The numbers this week are indeed interesting. 13 items lowered in their price, 10 kept their same price, and only 2 prices rose (diamonds and leather). Could this be the initial signs that there will be a crash in the PCB economy? As prices lower, people will rush to try and sell what they have before prices get really low. This will make prices lower even more. If this happens, if you keep your wealth in your items, you could lose a lot of money. Do you think the server economy could crash?[/b]

How Can We Improve?
[size=14pt]We are looking to hear feedback from you saying what you like and don’t like about these weekly posts. We will take this information to help improve your experience. Is there anything you want added? Something you don’t understand? Don’t see how this affects you? Let us know! You are feedback is greatly appreciated

New Diamond Price?
[size=14pt]A couple weeks ago we talked about how the diamond prices may be affecting server inflation, we didn’t have much information at the time, but now we can clearly see how it’s affecting the PCB economy. Every week there is thousands of dollars given to players. The admin shop currently pays $50 per diamond, which is hurting business owners who want to supply diamonds as apart of their retail. The free money given to players promotes laziness (literally giving people money for no work) and encourages carefree spending. If less (or no) money was given to players, it would force them to earn it, which could be done by building cities, selling items in the market, or doing odd jobs for players.[/ b]

Ferrari5746 · 12 October 2013 01:48

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]
Economy Sent Into Freefall
[size=14pt]The economy is falling dramatically! Just like last week, 13 item prices fell and only 2 rose. To go along with crashing prices, the poverty level rose by 22.31% to 59.88%, over 15% higher than the last record, set back on September 06. This means most of PCB has less than $100, devastating the marketplace. At this time, you must safeguard your money and choose your investments wisely. Prices will most likely get worse before they get better, and the poverty rate may continue to fall. Now is a great time to buy, if you have the money.

Diamond Prices Explode
[size=14pt]The price for diamonds has exploded to a new height. The new average is above $60, and will most likely increase. This is was saved the BBA from crashing this week. Perhaps people are buying diamonds as a safe investment. Perhaps people need more tools/armor. No matter the cause, if you own diamonds, it is a great time to sell to retail shops that pay more than the admin shops. Could this be the item that saves people from the economy downfall?

PCB Will Continue ‘Printing’ Money
[size=14pt]I spoke with _specialk about inflations and free diamonds. He said that he will still give diamonds away for free, and will still pay $50 for each of them. He claims that the “economy doesn’t have enough money” . He plans to increase PCB’s money from the current quarter of a million dollars. He also claims “If we [stop giving money] too early all that is going to happen is prices will plummet.” He hasn’t spoken about what the goal amount of money in the economy would be.

Ferrari5746 · 19 October 2013 01:31

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]
Items Continue Losing Value
[size=14pt]It has now been 3 weeks since the items were sent into free fall. The same 13 items keep losing value, except this week it got much worse. Now, 1 item that was increasing before lost 1/2 of it’s value, steak, making 14 items. Diamonds continue to increase, but unlike last week’s $12 increase. This week was only increased by $0.36. Diamonds have most likely hit the max on their market value, and the BBA shows that, gaining no points this week. If diamonds, which support our economy, falls then things can and will get much worse.

Inflation at a Startling Rate
[size=14pt]Within the last 5 weeks, inflation has risen 12.1%, a startling number for shop owners and buyers alike. The PCB Administration claims they need to give even more money away in order to raise prices, however prices are still continuing to fall. Perhaps the current method isn’t working, and it’s time for an overhaul. Because most ideas cannot guarantee improvement, some are unwilling to budge on the matter. Some propose lowering the payout, changing diamonds to sponges, or removing it all together.

Ender Grinders
[size=14pt]This week, ender grinders were proposed to be allowed again. Most people have a definite opinion on the matter, and negotiating on the subject is difficult. Some argue that it will increase efficiency thus improve the economy, while others state that this will create a unfixable surplus and ruin the economy. As it stands right now, ender grinders will most likely be allowed, but under heavy PCB restrictions, making them more controlled. No matter the decision, we’ll see how this debate affects the economy.

Ferrari5746 · 25 October 2013 23:14

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]
1.7 Making an Impact
[size=14pt]As we are nearing the final days until the 1.7 release, we see many members starting to prepare. People are now hoarding items and destroying their homes. When the news of the possible 1.7 release date, members then sprinted to market shops. From the sudden demand, shops quickly went out of stock, and members were willing to pay more for items. Bidding wars soon broke out, and people became desperate. Prices for homes/property fell dramatically, since nobody wants to buy. Once people regained reason, and understood how long it would take to really update, the economy settled. There will most likely be more events like this; such as when pods become available and when we know when the server will convert.

Economy Settling
[size=14pt]It seems we are done with the pricing freefall. Many new item’s averages rose, however the economy is still not great, and many prices do continue to fall. The new demand from 1.7 has helped balance prices, and helped generate sales in the market. The economy will fluctuate more than normal as we wait for 1.7, after the update prices will then stabilize. Prices will be all over the place, so make sure you’re truly getting the best deal. Now is the time to bargain with sellers, because they probably want to sell before the update.

Soon to be Advertised
[size=14pt]Staff recently discussed the server being advertised on other server listings. When we update to 1.7, there will be a large influx of new people. The suspected increase of new members will greatly increase demand of items, especially basic building materials and tools. You will most likely see prices go up, along with the amount of server money. This will be great news for shop owners, and buyers are encouraged to start saving now. Next map we will definitely see more cities, and bigger cities.

Ferrari5746 · 2 November 2013 01:26

[details=“Spoiler”][size=14pt]Top Economy News [size=14pt]
New Super-Upper Class
[size=14pt]Recently, there has been an influx of a new “super-upper class”. This is the exclusive group consisting of $10,000 or more. As of right now, there are 9 in this class; which has over 49% of the server’s money. While some of the 9 got there money through donating, most became successful by creating shops in the market, showing this is one of the best ways to earn money.

Hard Clay to Become Common
[size=14pt]The 1.7 map comes with over twice as many new biomes, which include plateau and canyon biome, made almost entirely out of hard, colored clay. Soon after the transfer, hard clay’s price will fall dramatically, costing about that of stone (more or less depending on the color). It will be a fraction of the cost to make colorful clay homes, which is great news for builders and residents of towns and cities. After the update, expect to see more unique cities, with distinctive themes and custom looks!

Economy Slowing Down
[size=14pt]More people prepare and pack up for the 1.7 update, causing commerce to slow down. Stock is low, and shops are closing in preparation for the update, making things harder to find. There is still and unknown date when Bukkit (and other plugins) will update, making people anxious. High ranking staff expect these key plugins to finish within 3-5 weeks, a similar length compared to the 1.4 to 1.5 update. Perhaps this week commerce will pick up again, and more items will sell; however at the moment the server is dealing with minor scarcity.

Ferrari5746 · 30 November 2013 08:05

[size=14pt]Top Economy News [size=14pt]
No More Free Diamonds
[size=14pt]Recently, admins took away the free diamonds in the market. Staff members have hinted at this for a while, and many expected sponges to replace with diamonds. However, specialk_ says he plans to have a fun way to get money, which will take more effort and “be more fun than pressing a button”. He continues to say “If we do have something similar, it will just add money to your account.” With no more free diamonds, no matter the solution, diamond supply will be much lower, making prices so up. It is estimated, that next map diamond prices will range from $70-$75 on average. Currently, there is no way to get free money but you can still sell diamonds to the admin shop. [/ size]

Deathchests Enabled
[size=14pt]For being disabled for about two months, many people have been losing their items. Just a couple days ago, deathchests were enabled again, allowing donators+ to save their items and xp when they die. We expect to have fewer claims on the forums blaming regarding server restart glitches and dying upon joining issues. If you are a donator or higher, make a deathchest as soon as possible!

$0 to Create a ChestShop
[size=14pt]Due to issues regarding the repayment of $100 per cestshops deleted, _specialk has eliminated the cost of chestshops most likely permanently. Because of this, expect to have more market shops, and chestshops within each shop. Next map, there will most likely be better prices and more retailers for each item. Also, incase you haven’t known, next map chestshhops will be allowed not only in the market, but around the whole survival map as well.

Ferrari5746 · 8 December 2013 08:29

–lots of new surprises coming soon! Economy reports suspended until then–

system · 13 April 2018 18:43