Chiccotot.7296 Posted January 22, 2019 Share Posted January 22, 2019 From what I see, 10gold is 44 Gems, and yet 1Gold is 5 Gems??Someone from your team needs to go back to primary school and relearn math. Link to comment Share on other sites More sharing options...
Chiccotot.7296 Posted January 22, 2019 Author Share Posted January 22, 2019 https://imgur.com/a/2wuynW2 Link to comment Share on other sites More sharing options...
Tanner Blackfeather.6509 Posted January 22, 2019 Share Posted January 22, 2019 Woldn't exactly be the first thing to offer bulk discounts... Link to comment Share on other sites More sharing options...
mtpelion.4562 Posted January 22, 2019 Share Posted January 22, 2019 It is not "rigged", it is taxed.You lose some value in either direction specifically to make it difficult to play the gem exchange to make profit. Link to comment Share on other sites More sharing options...
Just a flesh wound.3589 Posted January 22, 2019 Share Posted January 22, 2019 There are transaction fees, presumably to stop people from sitting in game flipping gems <—> gold to make a profit.Currency ExchangeTransaction fee is a 15% fee for trading gems for gold or vice-versa. For example, exchanging 1 Gold coin gives 85 Silver coin worth of gems while reselling those gems returns only around 72 Silver coin 25 Copper coin, resulting in a net loss of roughly 28%. Link to comment Share on other sites More sharing options...
Dawdler.8521 Posted January 22, 2019 Share Posted January 22, 2019 Its a virtual currency, how can it not be rigged?To me this is like expressing shock over betting sites earning money. Link to comment Share on other sites More sharing options...
Cyninja.2954 Posted January 22, 2019 Share Posted January 22, 2019 I think most people missed the point you were making TC:1 gold = 5 gems10 gold = 43 gems (should be 50 given the first conversion rate)50 gold =211 gems (should be 215 given the first conversion rate)100 gold = 420 gems (should be 430 given the first conversion rate)250 gold = 1,050 (should be 1,075 given the first conversion rate)The obvious answer is: the 1 gold exchange is getting favorably rounded up to the next full gem. Link to comment Share on other sites More sharing options...
Chiccotot.7296 Posted January 22, 2019 Author Share Posted January 22, 2019 The BLTC is a player driven economy with no direct involvement by ANet.They look at overall balance of rewards, and have periodically adjusted recipes to increase or decrease sinks of materials.And added time gating. But they have no mandate to make sure that each & every item in the gem shop has more than vendor value.Isn't gem conversion part of the BLTC? Link to comment Share on other sites More sharing options...
Orion Templar.4589 Posted January 22, 2019 Share Posted January 22, 2019 @Tanner Blackfeather.6509 said:Woldn't exactly be the first thing to offer bulk discounts...It appears that buying them in bulk would yield a loss as compared to buying them in small batches. For example if 10 gold is 44 gems, and 1 gold is 5 gems, if I converted 1 gold 10 times in a row, I'd have 50 gems at the end. Am I interpreting that incorrectly? Link to comment Share on other sites More sharing options...
Illconceived Was Na.9781 Posted January 22, 2019 Share Posted January 22, 2019 @"Chiccotot.7296" said:From what I see, 10gold is 44 Gems, and yet 1Gold is 5 Gems??Someone from your team needs to go back to primary school and relearn math.The math is fine. Every time you sell anything in the game, including items (for gold) or gems (for gold) or gold (for gems), there's a tax. For items, it's 10% (sales tax) + 5% (listing fee); for gold:gems or gems:gold, it's closer to 18% total (it used to be exactly 15% also and changed sometime before John Smith left ANet; it's never been explained why).If there wasn't a tax, then people would "flip" gems and speculate on the market, undermining the entire reason that ANet has an official Gem Exchange in the first place. Link to comment Share on other sites More sharing options...
Illconceived Was Na.9781 Posted January 22, 2019 Share Posted January 22, 2019 @Orion Templar.4589 said:@Tanner Blackfeather.6509 said:Woldn't exactly be the first thing to offer bulk discounts...It appears that buying them in bulk would yield a loss as compared to buying them in small batches. For example if 10 gold is 44 gems, and 1 gold is 5 gems, if I converted 1 gold 10 times in a row, I'd have 50 gems at the end. Am I interpreting that incorrectly?For calculating fees with items sold, the TP keeps track of rounding, so eventually you end up paying the same taxes whether you sold in stacks or 250 separate sales. For gem|gold exchanges, the price that shows in the window originally isn't 100% accurate; it might vary from when you press the button. It wouldn't surprise me if this turns out to be more a UI confusion situation rather than an actual difference. Link to comment Share on other sites More sharing options...
Taelac.7036 Posted January 22, 2019 Share Posted January 22, 2019 I'm reading it as it costs 43 gems to buy 10 gold, but 5 gems to buy 1 gold, which would make sense if the current math works out to around 4.2x gems each. Since there are no fractional gems, it would have to round up to buy a single gold. Link to comment Share on other sites More sharing options...
Hugheszie.6291 Posted January 22, 2019 Share Posted January 22, 2019 So, If i sit here and keep buying 5 gems for 1 gold over and over again, i'd have more than if i just buy the amount I want in bulk? Link to comment Share on other sites More sharing options...
derd.6413 Posted January 22, 2019 Share Posted January 22, 2019 1) taxation and 2) anet doesn't sell gold for gems, you're trading between players Link to comment Share on other sites More sharing options...
IndigoSundown.5419 Posted January 22, 2019 Share Posted January 22, 2019 Changed due to my error, as pointed out below. Link to comment Share on other sites More sharing options...
DaFishBob.6518 Posted January 22, 2019 Share Posted January 22, 2019 In short, yes. You will never get the full value of your gold in gems and vice versa. And that's by design. Whether or not it's worth being upset about I can't say but I'm not going to let it upset me. Link to comment Share on other sites More sharing options...
Rauderi.8706 Posted January 22, 2019 Share Posted January 22, 2019 Even after the tax (which I'm okay with), it's the rounding truncation that kills me with this. Losing up to a gold in value when you've paid for gems is just kind of a slap in the face. Link to comment Share on other sites More sharing options...
Tanner Blackfeather.6509 Posted January 22, 2019 Share Posted January 22, 2019 @Orion Templar.4589 said:@Tanner Blackfeather.6509 said:Woldn't exactly be the first thing to offer bulk discounts...It appears that buying them in bulk would yield a loss as compared to buying them in small batches. For example if 10 gold is 44 gems, and 1 gold is 5 gems, if I converted 1 gold 10 times in a row, I'd have 50 gems at the end. Am I interpreting that incorrectly?You're reading it backwards - 1 gold costs 5 gems. The left box is spending gems to get gold. Link to comment Share on other sites More sharing options...
IndigoSundown.5419 Posted January 22, 2019 Share Posted January 22, 2019 @Tanner Blackfeather.6509 said:@Orion Templar.4589 said:@Tanner Blackfeather.6509 said:Woldn't exactly be the first thing to offer bulk discounts...It appears that buying them in bulk would yield a loss as compared to buying them in small batches. For example if 10 gold is 44 gems, and 1 gold is 5 gems, if I converted 1 gold 10 times in a row, I'd have 50 gems at the end. Am I interpreting that incorrectly?You're reading it backwards - 1 gold costs 5 gems. The left box is spending gems to get gold.Oops, yeah, my bad. Should have looked at the heading. The rate on the gold-to-gems side looks like:400 - 140.5520 -> 2.846 gems per gold800 - 280.8148 -> 2.849 gems per gold1200 - 421.3668 -> 2.848 gems per gold2000 - 701.8933 -> 2.849 gems per goldVery consistent except for rounding. Link to comment Share on other sites More sharing options...
Hugheszie.6291 Posted January 22, 2019 Share Posted January 22, 2019 Well, I'm a dumb *** lmao, DERP, Read it wrong, I'm looking at the gold buy section haha Link to comment Share on other sites More sharing options...
Astralporing.1957 Posted January 23, 2019 Share Posted January 23, 2019 @Hugheszie.6291 said:So, If i sit here and keep buying 5 gems for 1 gold over and over again, i'd have more than if i just buy the amount I want in bulk?No, because that's the tab for buying gold with gems. The one to buy gems with gold is on the right. As you can see, the fractional rounding is always against you, never in your favour.Notice also, that your buying/selling gems impacts the price, and that is already factored in the calculation (it's like buying stuff in bulk off TP, but not so transparent). Link to comment Share on other sites More sharing options...
Biff.5312 Posted January 23, 2019 Share Posted January 23, 2019 Amazing how most of the replies are totally irrelevant. The % fee is irrelevant to the question, unless it changes with volume (which it doesn't). Link to comment Share on other sites More sharing options...
Hugheszie.6291 Posted January 23, 2019 Share Posted January 23, 2019 @Astralporing.1957 said:@Hugheszie.6291 said:So, If i sit here and keep buying 5 gems for 1 gold over and over again, i'd have more than if i just buy the amount I want in bulk?No, because that's the tab for buying gold with gems. The one to buy gems with gold is on the right. As you can see, the fractional rounding is always against you, never in your favour.Notice also, that your buying/selling gems impacts the price, and that is already factored in the calculation (it's like buying stuff in bulk off TP, but not so transparent).Go to my post above, I already mentioned I'd looked at the wrong side of the page lol Link to comment Share on other sites More sharing options...
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