60 GOLD per HOUR by crafting ectos!?

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One of our members over on the Phamily Discord (discord.gg/JGdQ6Hjny9) shared his method of generating ectos by crafting cheap(er) rare items. All you need to do is acquire a few basic materials, have a bit of patience will crafting, and salvage them. That's it!
You can process about 1,500 items per hour with this method, which means we're actually above the 70 gold per hour mark. If certain ingredients become too expensive, you can just change up the recipe, and continue generating profit.
It'd be a pity to stop at the Globs of Ectoplasm, though. You can salvage these into Piles of Crystalline Dust for another 10% increase in value, and then even use that for Mystic Forging, increasing your profit even further! If you don't like forging, you could always pick one of the recipes that require ectos to craft, which is another layer of profit!
Huge thanks to Athazal for wanting to share this method with all of us, and documenting every step on the Phamily discord!
00:00 Intro
00:25 Recipe
01:08 Salvaging
01:34 Even MORE profit
02:15 Limit
02:34 What's next?
03:17 Outro
#guildwars2 #gaming #mmorpg

[@phandrel]

Join the Phamily! discord.gg/JGdQ6Hjny9 Recipe sheet: gw2efficiency.com/crafting/calculator/a~1!b~1!c~0!d~100-10723 Crafting leveling guide: gw2crafts.net/armorcraft_fast.html

[@JustGentle]

after 50 minutes of this being uploaded there are already 5 preorders for exactly 100 insignias lmao

[@phandrel]

I would definitely recommend crafting those, haha

[@ColdMystery]

I like the way you visualize your videos. I watched this video earlier on my phone without sound due to my environment and I understood 90% of the things you were explaining without even hearing you. Great job Phan!

[@phandrel]

Thank you so much!

[@axiiom5744]

It's a great video because even if you drop an economic bomb with this, all you'll do is lower the price of ectos which, please do lol

[@phandrel]

Haha, I figured the worst case scenario would be a pretty great one indeed

[@Cross_111]

I see no negative here ^^ Its a good thing if ecto prices would be lower again Pretty sure Lyr is the bad guy here 😂

[@jorgeg0327]

The mats mentioned in this video have a lot volatility. The reason being that they are used to trade for provisional tokens so from Friday to Sunday they can be as much as 35% more expensive than during the weekdays.

[@Ninosai]

I feel so incredibly dumb that I never thought of using the rare crafted helms with my overabundant amount of T5 trophies. Thanks

[@phandrel]

It feels a great way to get rid of some of the least wanted ones. T5 Blood, venom, and totems (+sometimes scales) can be upgraded. But the other 3 are kinda worthless in a sense. So this is nice for now.

[@pepperonipony1751]

Very useful insight on the market impact. Time to get crafting!

[@phandrel]

Thanks!

[@ramongensler7622]

Dude. This is huge! Thanks for sharing.

[@phandrel]

All praise goes towards one of our Phamily members on this one, I'm just a messenger :)

[@asatsuki9250]

i find it hilarious that the phamily is moving the entire market like this. it's like the italian mafia family

[@phandrel]

This one's indeed wild :D - especially for such a commonly available item.

[@jeffreyruder3509]

I definitely ran into this on accident a few days ago but never tested it to see if it would end in a profit. Gonna try it tonight!

[@phandrel]

Good luck! I feel like this might be a good influx of ectos for a lot of people crafting legendary armor, as well.

[@jeffreyruder3509]

Pretty new to the GW2 trading post economy and tried it with 10. I lost a whopping 1G but insta bought items and insta sold ecto. Mistakes were made, but I think I know the solution.

[@patrickpachl8223]

Everything except the T5 mats is leftover from salvaging unidentified gear. Now I can put that to even greater use. Thanks.

[@phandrel]

Awesome! Ectos are definitely an upgrade from the tier 5 ones.

[@recon78]

I was doing this to get ectos for t1 Obsidian armour but crafting the krait weapons instead since they only take mithril and bones/scales/fangs etc and then go with whichever was cheapest. I stumbled on this only 2-3 weeks ago as I was crafting them for provisioner tokens and accidentally salvaged them with the silver-fed and got more ectos than actual items.,

[@phandrel]

That's a "happy accident"! Pretty great way to discover this.

[@Scales1364]

These globs of ectoplasm, take them.

[@Yodah97]

The price of silk patches shot up, so the margins on this are much thinner now.

[@PetrSzturc]

Just yesterday I was thinking exactly this. Just didnt have time to do the research yet.

[@phandrel]

I will try to expand on the research and make a spreadsheet with all craftable rares, so that we can just keep picking the cheapest one.

[@corvuscorax9028]

finally i can can craft that soto leg armor

[@phandrel]

Yeah, this should hopefully help with that part of the legendary crafting journey

[@CassandrasBox]

Well that's the solution of the riddle, why the price of thick leather nearly doubled over night :D

[@jowiedog]

Probably because everyone has done it lol. I think this is a classic case of waiting for people to forget about it lol

[@phandrel]

Give it a couple of days :p

[@DioDurant]

i think im wrong but i think it was possible to salvage crafted rare gear before, then i think it got nerfed by not being able to do so. i might be imagining things too. i think theyll put a stop to this in the future. but thank you phandrel! the loot bag opening is ideal for this i guess. open loot bags, keep the mithril, silk, leather and t5 stuff. craft. salvage for ectos. salvage for dust XD. i guess you need a lot of storage space for what im thinking lmao.

[@phandrel]

Sticking to 100 helms per time is OK on bag space. But if you go for a full set of 1500, you do indeed need a bit of organizational prep.

[@draahcir8711]

Wow you're quick man xD

[@phandrel]

hyperfocus :) sometimes it helps

[@TheG121]

oh yeah

[@SuubzTV]

as of right now (unless I missed some piece of gear) cheapest one to craft is costing 53 silver, with the chance of getting a ecto you would be losing like what 20 silver per craft?

[@phandrel]

The Carrion Gladiator Helm from the video bumped up from 22s to 37s, but that's still well below that 53 mark. It is dangerous territory for mindless salvaging, though. I will be compiling a spreadsheet, maybe tomorrow on stream already, with a full list and their minimal costs, though.

[@SuubzTV]

@@phandrel It was my mistake, I put 1 (unit) to craft in gw2efficiency and it showed more than it should cause u end up having leftover mats if u wanted to craft a single unit. Either way at this point, even with materials costing more, u would still save money by crafting the ectos instead of placing the buy orders, so def worth doing that!

[@procerator]

I hope this will nuke prices of ectos so that I can just buy them from TP without doing all this BS.

[@phandrel]

That'd be a good outcome for most of us, I feel.

[@clawdane2611]

Honestly instead this just gave me how I’m gonna stock of on ecto’s finally with minimal effort. Been needing 150 of them and now I have my missing key to streamline my legendary production

[@lynnwaifu4414]

It honestly might be the opposite where the price of all these materials rise to match current ecto prices making this just a loss or an alternative, but who knows.

[@Soinetwa]

​@@lynnwaifu4414also an acceptable outcome as that would mean playing gets more valuable loot in general

[@clawdane2611]

@@lynnwaifu4414 it will do a sharp drop first until people use up their crafting supplies then the supplies to make more will get soaked up first and spike immediately after. Soon as that spikes ecto’s will spike as soon as the low costs run dry and stay like that until it levels back out

[@Halak014]

hope this is such a bomb on the ecto price that it wont recover :D

[@phandrel]

Haha, I feel like half the people do, while the other half hopes their prices remain for the profit.

[@Madix1024]

It would be nice that when you show something on the Fast Farming site you would also show your menu and/or how you're looking at the item. Sometimes I can't find the same data you show =(

[@phandrel]

Oh, that's a good point! I'll try to keep that in mind. If there's any immediate screens you want to know about, feel free to ask here or on discord, though.

[@mattiemorgana]

Me: Watching this video to gamble all the ectos on Sandstorm.

[@phandrel]

I made the mistake to buy ectos to finish sandstorm. I like your idea better.

[@Jim-kf9ld]

Can you create any Rare helm or item? Im a tailor so wondering what i would craft. Im in need of a lot of ectos.

[@phandrel]

You could do other items, but it's important for them to be at least level 68 rares for a somewhat decent droprate. We do have a spreadsheet on the discord that lists the current cheapest one to craft and/or when it's worth doing so.

[@akromvaleth]

getting back to the game after droping in 2016, made 70g already in few hours

[@phandrel]

Nice! And welcome back!

[@thestonedmango]

Finally, ectod dropping in price, so i dont have to do all this crap xD

[@phandrel]

It'd be a solid outcome too, since we all need so many nowadays.

[@Insig385]

I've been using this method to get a lot of research notes fast, esp as some of the t6 mats are not a profit if you convert t5 to t6, n I have a ton of the t5 mats due to buying trophy shipment. dang it, nvm ectos, this will drive the t5 silk n whatnot up a bit in price probably lolololol it's OK, it's def great way to get a lot of ectos n research notes, gonna keep it on back burner for when I need more ectos for second set of obby armor!

[@phandrel]

I might pump out ectos for my own obsidian armor with this. Definitely will keep the cost as low as possible.

[@_comma_period]

insignias doubled on price congratulations lads 👏

[@Luke-mb4rw]

Here's another way, it's tedious and boring, but it's a guaranteed profit making method. Place buy orders for all high level exotic armor and weapons on TP that are currently selling for less than the value of the globs (+TP tax and salvage cost). There are hundreds of such items. The only problem is many other people do this too, so to maximize profits, you should keep checking which BO have been outbid and replace them. Rinse and repeat. Tons of gold per hour. No risk.

[@phandrel]

I like that! I've been thinking of doing something of the sort, but keep postponing it. Maybe it's time I start following up on that one for myself, personally.

[@PetrSzturc]

If it wouldnt be for research notes, there would be even cheaper exotics. Risk is if you dont check your orders daily and ecto price drops, but it shouldnt drop too quickly, so small risk.

[@talkroitoro264]

Do you perhaps have a sheet with some of the recommended items?

[@phandrel]

@@talkroitoro264 I'm about to make one, I'll share it on the discord after :)

[@Luke-mb4rw]

@@talkroitoro264 No. Because it's not about the items. It's about the rarity and current prices. Filter the TP by exotic, high level, and then prices.

[@pspdsi22]

Why make these back peices? Do they sell well? Berry farm at this point has to be know how to get an easy back pack.

[@phandrel]

Not all of them are profitable, but I seel a few every day. It's usually a nice extra bit of gold. Not game changing, but adds up over the week. I have the full list of backpacks I the resources channel on my discord.

[@maggasha1]

does it only work with this helmet?

[@phandrel]

Any rare that you craft, the thing to look out for is to keep your crafting cost as low as possible.

[@Syll7179]

i think there is a mistake in the recipe, it requires thick leather squares and not sections... and squares are way more expensive...

[@phandrel]

You refine sections into squares. Keep in mind that the prices of thick leather jumped up since the video, though. Usually these things sort themselves out after a bit.

[@majinpvegeta]

Now if only there was an exotic piece of gear that was just as cheap to craft..

[@phandrel]

I'll have to quickly make the spreadsheet, so that we have the full, comprehensive list

[@programmingwithchatti4063]

@@phandrel pls respond to me once you do

[@guardiangibbs2663]

Worse case scenario is ectos get cheaper, and I'm all for that.

[@phandrel]

Yeah, the worst case is still a pretty good one.

[@Thelastpagangod]

dang it works I just turned 38g into 57g nice

[@phandrel]

Nice!

[@senjusmith8252]

I have no clue what’s going on but yes

[@nexeus7302]

You definitely made some ppl mad (not me the lol). I was using this method as well, but never was a fan of it. However, I do have another that IF I am in the mood, can do about from 100 to 135+ gold per 25min work (it's not infinite method, you have to wait min 1 day for some prices to drop), but you will need endless extractor for that, and always works, prices of those items never tanked. Been using it for almost 2 years. My record was 355g for a day, but you can get burnout pretty fast. So yea, not something you will want to do in GW2 all the time.

[@phandrel]

Seems to be the nature of these videos. I'm for sharing, instead of hiding, though. I am now curious about your method, one I noticed that worked for me, albeit took way longer, was hunting for exotics with good runes/sigils (typically runes of capital cities did incredibly well).

[@GT-legendary]

lol i been doing this for a while now, it was my main source of income for a time

[@phandrel]

My feeling is that it will continue to be. We'll maybe see a few days with less profit, but these methods always seem to make a reappearance

[@jaspersureshot]

I wonder how many players are gonna do this and lose huge value, i have a pretty sophisticate spreadsheet that tells me all the live data on where the market is on this stuff and how its trending and where to shift my position so i dont lose value, but the average player doesnt approach gw2 with any serious degree of financial literacy so 100s, maybe 1000s of players are gonna chase this and bankrupt themselves

[@phandrel]

It's why I try to emphasise the process so that people look at the numbers. But that's all I can do.

[@McPilch]

Obsidian Armor?? More like Ectoplasm Armor!! 😭 Ecto is by far the biggest bottleneck...... I mean, I'm getting it in decent amounts as I'm doing T2 grinds, but I still need to buy it to some degree..... So this..... this might be a godsend!!

[@phandrel]

Yeah, simply farming ectos can't keep up with the rest of the essences. This definitely speeds things up.

[@CaptainStahlnippel]

Made about 2400 gold with this😂 right about now you make about 1.28 gold for every gold spend if you buy all the mats you need but i can already see the prices dropping in tp😂

[@phandrel]

28s per gold spent is still pretty nice! If ectos drop, we at least get cheaper obsidian armor, I guess.

[@CaptainStahlnippel]

@@phandrel true 😂

[@tarir140]

And this is how you decrease the price over night!

[@Zoey-TV]

There was a time when ectos cost 60 silver... Just before path of fire ..

[@phandrel]

If ANet takes those as their anchor point, I we might keep getting more ecto sinks in the game. We're far off that 13 silver point that we hit a year ago, it seems.

[@Zoey-TV]

@@phandrel I believe homestead will be a big ecto sink as well

[@legendofnat5477]

is this still profitable?

[@phandrel]

If you buy order the materials, you still have about a 3-4s margin. You'll have to then follow one of the steps in the video to further maximize profit. If you buy order the helmets, and you can get them at 20s a piece, you have the same margins as in the video. There's been a spike in the prices, esp the instant buy ones. So do make sure to double check every time you craft. Here's a gw2efficiency link that can help with that: gw2efficiency.com/crafting/calculator/a~0!b~1!c~0!d~1-10723

[@H.S.D.81]

Great... Phandrel strikes again... Now i have to sell my 10k ectos before the price tanks .... 😂 JK I still need them... and its just around 5 to 6k

[@phandrel]

Haha! Ectos didn't seem to budge, crafting just became more expensive. That means farming yields more gold, so still a win, imo

[@dorian2469]

okay but where is the catch lol ? You can just craft infinite money like that?

[@phandrel]

This is basically a bit of a perfect storm, where certain T5 mats (bones are usually in abundance due to Halloween lab farm) are undervalued. Whilst ectos are way overpriced, especially since the last patch. Normally, you'd see this gap close so that there's not that much gold to be made. But for now, we feast.

[@alcoholictaco9278]

this still profitable?

[@phandrel]

Right now, not. We do have a spreadsheet on our discord server to (help) monitor when you could be crafting these again, though!

[@MissDee13]

I think I got crazy lucky I got 126 ectos from 100

[@phandrel]

Nice! I've noticed some variance from people's reports. Going all the way from 68% to 126%, like yours.

[@MissDee13]

@@phandrel yea then I did it again and just got 86 lol

[@cedastankov4765]

am i too late for this

[@phandrel]

Ingredient prices heavily spiked up, making this too much of a risk at the moment. They have started to go down again as of yesterday, though. There's now a spreadsheet on our discord that'll help you keep track when it's worth doing again.

[@kapenike]

Ah so your internet clout is the reason this is less viable now, thanks

[@kwith]

And prices drop making this useless in 3....2.....1..... hahaha

[@rayu7191]

ectos still at 38s

[@johnfaux8651]

Seems more like an exploit.

[@phandrel]

I'd disagree on this one. There have been (numerous) exploits in the past, which usually involve vendors that unfairly reward you for (account bound) stuff. In this case, it's simply crafting and salvaging an item for profit, which are both core mechanics to the game. It's more a case of ingredients being undervalued (bones, mithril, etc) or overvalued (ectos).

[@PetrSzturc]

It isnt. It wasnt profitable for long time till ecto prices went up. It is normal use of crafting.

[@christophersmith8316]

@@PetrSzturc yes, the devs want items to be sold and bought to pull items out of the game so that new players have a market for new crafting.

[@Kaltsukka]

​@@phandrel Not me exploiting a vendor in Gyala Delve selling 2 legendary kits for 100 research notes each. 🗿