Why is Smithing So Popular?

[Dead_Dude4]

 

 

 

 

 

 

 

 

I have perfect graspe of economics thank you.

 

 

 

 

 

 

 

Not matter what value essy, ores, nats and bars have if you produce them yourself they cost you nothing.

 

 

 

 

 

 

 

Smithing them further may take from thier value, but in end it is still profit for intial cash amount and also as it was nvr converted to cash at mid point is not a lose.

 

 

 

 

 

 

 

It may not be the best way to make money cause gettin ghte resources and making them worth less by 2nd process is unefficent, but it still produces pure profit

 

 

 

 

 

 

 

Your logic only stands if you ignore the fact that mining and smithing are mutually exclusive, and the fact that there is indeed a worth to goods in your inventory other than gold.

 

 

 

 

 

 

 

The iron and coal ore that you mine increases your net worth as you bank it, since it immediately becomes an item with some resale value. When you stop mining, it's net value then adds your inventory's total value, and the amount of money (not just gold, but total tangible assets) that you have.

 

 

 

 

 

 

 

Smelting generally increases this net worth.

 

 

 

 

 

 

 

When you turn around and smith, however, you are spending some of your newly acquired assets. Your net worth DECREASES THROUGH SMITHING, (unless you're doing CBalls, which are boring and horrible), as the gold yielded via high-alching is far less than you could have earned had you sold the ores or bars.

 

 

 

 

 

 

 

The difference between your net value before and after smithing translates into the DIRECT COST TO YOU that you are paying in exchange for smithing experience.

 

 

 

 

 

 

 

So in other words, NO, this type of smithing is by no means "pure profit".

 

 

 

 

 

 

 

This economics lesson has been brought to you by Stormveritas

 

 

 

As a 90 smither I must say that you are wrong. Smithing bars can be profitable as soon as you hit lvl 22

 

 

 

 

 

 

 

You can double your profits by smithing iron knives if you bought the ores and then smelthed them into bars -.-

 

 

 

Iron Knives sell for 40 - 45gp each, you get 5 knives per bar, you spend 107gp on per bar (with ring of forging) and you'll get 200 - 220 back per bar in the end. That's 93 - 113gp profit per ore which is double the amount you spent it on in the first place.

 

 

 

 

 

 

 

I know the bars are worth 200gp each, but then again, you don't loose anything smithing the bars! You can even make a small profit! All you do is waste more time on smithing and get alot more smithing xp than you would have if you had just sold the bars!

[chrishollett]

I know im new to these forums, but please bear with me, i think i can show how high smithing can be very profitable, however it also needs magic lvl 55 for high alchemy.

 

 

 

 

 

 

 

Lets assume some has 64 smithing, not to0 hard a target, they can make a mithril 2hander, to make this, they can buy the natures to use superheat to create the mithril bars 300 per nature rune, (of course the problem with this is some people do not have the money for natures). I hear some people say that you should split between exp and money, the way i do this is i mine 5 mithril ore in draynor swamp, and 4 coal a time. I then superheat a mithril bar, this is costing me 300gp per bar, and getting me a lot of mining exp for the mithril and coal. Having got a full pack of mithril bars, i now smith them into 2handers, each 2hander alchs for 1.5k each, and takes 1200 gp to create (3 natures for the 3 bars needed and 1 to alch). With this method i am making slow but steady money ( at 300gp profit per mithril 2hander), and getting mining, mage and smithin exp from superheat. But this is only my method, feel free to damn it or praise it as you like.

[hiddel]

Um I've made alot of money off of smithing. I have never bought ores or bars and I probably never will...Being a high smithing level for me is more about convenince than it is about money making. I'd love to have 99 smithing because you save ALOT of money buying the resource rather than buying the rune items!

 

 

 

 

 

 

 

As for those of you who say your forfeiting a profit by using the raw materials instead of selling them...Thats true for most skills that require a raw material.

 

 

 

 

 

 

 

Like crafting. I kill blue dragons and I currently have over 400 blue hides and bones. I could sell these and make alot of money, alot more than I will make using them for myself and high alching the products.

 

 

 

 

 

 

 

Once you can make rune kites your set. You can buy rune ore for 10-12k(ussualy depending on bulk) then mine or buy your iron(150-200 for coal?)

 

 

 

 

 

 

 

So thats:

 

 

 

36,000 gp for the rune.

 

 

 

4,800 gp for the coal.

 

 

 

Smelt and smith.

 

 

 

Sell for 50,000-55,000 gp

 

 

 

You spent 40,800 gp

 

 

 

Thats a 14,200 gp profit.

 

 

 

 

 

 

 

I just sold 270 rune ore to one guy. If he paid those prices for the ores he made a profit of 828,000-1,278,000 gp. How long does it take to smelt and smith that much ore? Not long. How long to sell? Longer but still not to long.

 

 

 

 

 

 

 

And I can mine upto 24 rune ore in 37 mins(literaly I timed myself) 192 coal wouldnt take that long. I could, if I were high enough smithing, make 400,000-440,000 gp all profit.

[Rose_2_Pure]

As a 99 smither , I can say for me , it was a matter of convience

 

 

 

 

 

 

 

no , its not profitable anymore really, as barrows armor/dragon is far more widespread and superior .

 

 

 

 

 

 

 

As stated above smithing was THE skill to have in the past as it was HUGE, and just because people dont want to buy our goods anymore , there still comes a certain level of respect from it.

 

 

 

 

 

 

 

 

 

 

 

Make Rune Knives, then go to the Duel Arena and sell, you'll make lots of money.

[hiddel]

 

 

 

no , its not profitable anymore really, as barrows armor/dragon is far more widespread and superior .

 

 

 

 

 

 

 

 

 

 

I dont agree with that. Surely, the release of these new armors and weapons did dent the profit of smithing considerably but there is and always will be a HUGE demand for rune. There is somewere around 500k members on runescape. The rest are free players, the best will always be rune for them.

 

 

 

 

 

 

 

Wars contribute a large amount to the demand for rune since most wars on on free worlds add onto that that even at member world wars people ussualy dont wear barrows or dragon.

 

 

 

 

 

 

 

You could even argue that the existance of these superior armors and weapons make the demand for rune larger. People dont want to lose these items so instead they will buy multiple sets of rune if they think they are gonna die pkingand possibly lose it.

 

 

 

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Aside from that I think that smithing, assuming you can make rune, is still one of the best ways to make money, if not the the best.

 

 

 

 

 

 

 

Slayer? Not anymore...whips are depreciating in value every week. It can take days to get a whip and you can only sell it for what? Like 2.3 mil now?

 

 

 

 

 

 

 

Woodcutting and fletching? Magic logs and bows are great but they take a long time to get a serious amount of bulk. Yews are still the prefered way to make money in fletching.

 

 

 

 

 

 

 

Combat is probably the best competitor. People make huge amounts of money by staking and pking but these take serious skills and experiance. Luck also plays a key role. Fishing, cooking and mining are also great money makers but smithing, especialy high lvl smithing, puts up a good fight.

[jessy87]

 

 

 

 

no , its not profitable anymore really, as barrows armor/dragon is far more widespread and superior .

 

 

 

 

 

 

 

 

 

 

I dont agree with that. Surely, the release of these new armors and weapons did dent the profit of smithing considerably but there is and always will be a HUGE demand for rune. There is somewere around 500k members on runescape. The rest are free players, the best will always be rune for them.

 

 

 

 

 

 

 

Wars contribute a large amount to the demand for rune since most wars on on free worlds add onto that that even at member world wars people ussualy dont wear barrows or dragon.

 

 

 

 

 

 

 

You could even argue that the existance of these superior armors and weapons make the demand for rune larger. People dont want to lose these items so instead they will buy multiple sets of rune if they think they are gonna die pkingand possibly lose it.

 

 

 

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Aside from that I think that smithing, assuming you can make rune, is still one of the best ways to make money, if not the the best.

 

 

 

 

 

 

 

Slayer? Not anymore...whips are depreciating in value every week. It can take days to get a whip and you can only sell it for what? Like 2.3 mil now?

 

 

 

 

 

 

 

Woodcutting and fletching? Magic logs and bows are great but they take a long time to get a serious amount of bulk. Yews are still the prefered way to make money in fletching.

 

 

 

 

 

 

 

Combat is probably the best competitor. People make huge amounts of money by staking and pking but these take serious skills and experiance. Luck also plays a key role. Fishing, cooking and mining are also great money makers but smithing, especialy high lvl smithing, puts up a good fight.

 

 

 

 

 

 

 

 

 

 

 

jew, i missed the trawler trip

[bflat0]

Now speaking from my own experience I tend to agree with the first post.

 

 

 

 

 

 

 

My smithing is pretty low and for good reason ... thier's no real money in it at my level compared to what i can make on other skills in the same time frame. Smithing is only of the harder skills to level in comparison to others. Takes a lot less time to fletch, fish or herblore yourself into making money - you see results much quicker there.

 

 

 

 

 

 

 

Yet the delema I have is how do I raise smithing at a reasonable level without taking too much loss until rune. Cannonballs do sell well and can yield a little profit and there is always a market for the consumable products - arrowhead, knives etc... but still hard to find buyers.

 

 

 

 

 

 

 

To be perfectly honest i hate to mine a few k of coal and mith or steel and smelt it and make something ... putting in all that time and effort only to have to spend hours in world 2 or 1 trying to find a buyer for the items. Forums yeild just as much confusion... and to cut to chase I can cut logs, fletch, rc nats and alch the money in half the time it takes to mine and smith and sell a smithed product.

 

 

 

 

 

 

 

My past two smithing levels were made by switching my gauntlets from cooking into gold smithing gauntlets for the 56.2xp ea bar gave - compared to rune at 50xp. Now naturally you may think but you can turn a bar of anything else into some item for more smith xp... however, I think I can smelt gold bars faster than I can smelt steel, mith or addy - where I need coal.

 

 

 

 

 

 

 

Also while I used superheat in mines for making mith before I would never waste my nat on a steel bar... and I make my own nats - that's just crazy waste of money. Ever since level 55 mage nats are best for high alch - that's it. Maybe when I get to making rune bars I may consider putting a 300gp nat into it.

 

 

 

 

 

 

 

Now sure someone who mines and smiths rune can make a good profit in a reasonable time but at lower levels it does not compare to fletching, fishing or any of the other skills... more time is needed to yield the same profits at those levels.

[jaklumen]

I'm surprised that no one has even mentioned the blast furnace as far as alching armor.

 

 

 

 

 

 

 

What is it? Too hard to get a crew? Too slow to do it alone? Too hard to get into world 2?

 

 

 

 

 

 

 

With a good crew, you can note all your ores and sell them back to the store as needed, smelt them, smith all your bars at the anvils right there, and then high alch them. True, mithril doesn't mine as fast as iron, but...

 

 

 

 

 

 

 

I haven't done it much, so if anyone has done the math for profitability there, I'd be interested to know. Honestly, I don't expect it to be really profitable at all, but it's probably faster than smelting gold with gaunts.

 

 

 

 

 

 

 

(and yes, I've done that, too).

[hiddel]

Well i havent done the quests needed to get into the blast furnace..nor do i know where it is...the prospect of saving half the coal is definatly entising though :mrgreen:

 

 

 

 

 

 

 

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im sorry jessy battousai got real sick and ive just been crusing various forums today...

[bflat0]

I'm surprised that no one has even mentioned the blast furnace as far as alching armor.

 

 

 

 

 

 

 

What is it? Too hard to get a crew? Too slow to do it alone? Too hard to get into world 2?

 

 

 

 

 

 

 

With a good crew, you can note all your ores and sell them back to the store as needed, smelt them, smith all your bars at the anvils right there, and then high alch them. True, mithril doesn't mine as fast as iron, but...

 

 

 

 

 

 

 

I haven't done it much, so if anyone has done the math for profitability there, I'd be interested to know. Honestly, I don't expect it to be really profitable at all, but it's probably faster than smelting gold with gaunts.

 

 

 

 

 

 

 

(and yes, I've done that, too).

 

 

 

 

 

 

 

I've used the blast furnace a few times and have not done the math but the selling and buying back of ores there is just another drawback to the the process... much the same as loss of ess was to making nats before abyss. Now assuming you get a crew I would suppose they are also doing the same with thier ores and organizing such is also a disadvantage as managing a team is not the easiest of tasks. Also when the bars are done you have to run them clear across town unless someone knows another way to get them to the bank?

[nbongo]

I dont think smithing is popular at all.

 

 

 

 

 

 

 

I am level 80 smithing and on place 3950, while I am level 87 magic and on place 9200 for that in the highscores.

 

 

 

 

 

 

 

I have a smithing goal of 86 smithing, and it costs me over 15 mill but I will keep training, hoping to make my money back with that smithing lvl.

 

 

 

 

 

 

 

Smithing is very expensive and therefor also unpopular.

[folmer_veeman]

This has been something that has confused me since about two weeks after I started playing. Smithing, for whatever reason, has enchanted Runescape, and I have to admit I am one of those that enjoys it.

 

 

 

 

 

 

 

The question remaining - WHY?

• [*:8og5y5kv]Compared to other skills, smithing is NOT profitable, and en masse usually leads to a loss.[*:8og5y5kv]With rare exception, the primary focused materials created (armors and weapons) are extremely common and easily found. [*:8og5y5kv]In order to MAKE a rune suit, it is nearly impossible to even get to the rocks necessary to mine rune without having something of comparable power to rune already. So you aren't unlocking neat new things.[*:8og5y5kv]Melee characters in general are out of vogue compared to mages and rangers.

 

 

 

 

 

 

 

And yet, with all this known, I still have worked smithing nearly as hard as any other skill. I look for ways to turn the narrowest profit so I can do it more?

 

 

 

 

 

 

 

What is it that makes smithing so enticing? What is it about smithing that should be carried over to other skills that would make them more appetizing? Is there a way to take what we've learned from smithing's enormous success and apply it to other skills?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Smithing is profitable, make cannonballs and see for yourselve..... it is not the fastest method of money making, but it is great for ppl with a level lower then 60...