Burn Jita Event Brings EVE Online Economy To A Halt

Dracos Rhaghar 2017-03-09

The fourth iteration of the Imperium’s regularly-scheduled Burn Jita event has come and gone, setting new records for destruction in MMO economic warfare. Running February 24-26, this year’s event, Burn Jita 4, saw the destruction of over 140 freighters, and 300 smaller vessels. The Imperium pilots inflicted 776 billion InterStellar Kredits (ISK) in damages. The current rough exchange rate of ISK to real-world money via PLEX means devastation marks the equivalent of as much as $15,000 USD, or €14,000.

An Unrivaled Economy

EVE Online is unique among large-scale MMOs. The entirely player-driven economy is one of the longest-running and most complex large-scale economic simulations ever run. CCP previously employed an economist to oversee this, and presently there is a monthly economic report produced showing balance of trade for each region, and the game as a whole. Jita is the primary trade hub for that economy, with over 17 trillion ISK changing hands daily.

Burn Jita 4 was an immense organizational and logistical effort, involving over a thousand pilots using over 40,000 different ships for suicide attacks on freighters and other cargo vessels. Every ship involved in this year’s Burn Jita—both pirate and victim—had to be built by players, from materials gathered by players. In addition, unlike most MMOs where death is a minor setback, when player belongings are destroyed in EVE Online, they don’t respawn. A ship lost has to be replaced.

Because of this, Burn Jita not only represents a massive economic interdiction, but also provides a considerable economic driving force in its own right. The Imperium, with over 25,000 members, is uniquely capable of mounting such an operation.

Gaming’s Largest Community    

The Imperium is the world’s largest online gaming organization, with the central alliance, Goonswarm Federation, having hit twenty thousand members only a month ago. In addition to playing EVE, the Imperium also has a presence in other online games, including PlanetSide2, Archeage, Atlas Reactor—including a successful tournament team—and H1Z1 where they run a large server. As a large, world-wide community, they hold regular meetups for members where lifelong friendships are forged.

Those bonds of community allowed for this year’s Burn Jita to be shrouded in an elaborate, multi-layered series of deception, conspiracy and misdirection. Even as most of the game believed the event would be delayed or cancelled, internal preparations continued. This allowed this year’s Burn Jita to be an overwhelming success, even as it was expected to be a failure by enemies and detractors of the Imperium. The target totals were not only met, but exceeded. Details of the losses incurred by the victims of Burn Jita can be seen below:

  • Burn Jita saw over 776 Billion ISK worth of damage caused to other entities. With 1 Billion ISK being valued at $20, the total damage cost adds up to approximately $15,000 in losses over the course of a 3-day weekend
  • This year’s Burn Jita also saw more participation than ever before, with active participants in this event averaging at around 500 for the entire weekend.
  • With an estimated 450 ships destroyed, the average value of each kill is in the range of $30-35.
  • One kill saw an entire fleet’s worth of Tengu-class Strategic Cruisers destroyed while attempting to leave Jita, amounting to $240 destroyed in a single loss.

The Imperium has run a ‘Burn’ event for 5 of the last 6 years. Burn Jita 3 took place in 2014, with a different trade hub targeted for 2015’s Burn Amarr. Each year, the destruction has reached higher levels than before, and with this year’s record-setting totals, many within the Imperium are already eagerly looking forward to next year.

For more information on Burn Jita, the Imperium, and EVE Online, visit the Imperium’s gaming related news site at http://imperium.news.

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Comments

  • Ryan

    Congratulations to all of our brave pilots on the front lines of commerce interdiction. Burn Jita is an amazing, uniquely EVE event, and I’m proud to be a part of the community behind it.

    March 9, 2017 at 5:45 am
    • imsosly Ryan

      Is that a Nazi quote from the late 1930’s?

      March 10, 2017 at 12:01 am
  • Robert Krauszer

    They announce these things long enough in advance, you would think after FOUR YEARS that pilots would stay the hell away for a few days…

    March 9, 2017 at 2:14 pm
    • There were other news sources that had announced Burn Jita as cancelled as little as 12 hours before it began. I’m sure some were misled by the ‘alternative facts’ presented there.

      March 9, 2017 at 11:02 pm
    • DustVet Robert Krauszer

      Reading comprehension =/=

      March 11, 2017 at 5:19 pm
  • Bill Bones

    Burn Jita destroyed 776 billion ISK in damage over 3 days, for an average of 258 billion ISK each day.
    On February, inactive accounts removed 35,599 billion ISK from the economy, for an average of 1,271 billion ISK each day.

    Guess what’s more effective in keeping a healthy economy in EVE…

    March 9, 2017 at 2:33 pm
    • Gerd L. Plüü Bill Bones

      Not playing is the only winning move, news at 11.

      March 9, 2017 at 10:31 pm
  • Ko-chin Chang

    Funny thing is I was in and out of Jita that weekend and must have missed it.

    March 9, 2017 at 3:09 pm
    • Rhivre Ko-chin Chang

      The servers noticed it what with node crashes and traffic control, and people who undocked saw the masses of concord and wrecks, so perhaps your overview settings needed adjusting?

      March 9, 2017 at 4:30 pm
      • Ko-chin Chang Rhivre

        NO I mean I missed the actual carnage itself. I saw the wrecks as I was passing through.

        Since I had just returned to the game, I thought it was normal.

        March 9, 2017 at 4:43 pm
        • Axhind Ko-chin Chang

          The actual gank is just a matter of a few seconds so it’s not hard to miss it.

          March 10, 2017 at 7:02 am
          • Ko-chin Chang Axhind

            Yeah that’s what I mean, I came by, saw all the burn jita spam, docked, came back out and there were wrecks everywhere.

            March 10, 2017 at 2:54 pm
  • imsosly

    Funny. They brag about 776 Billion ISK (my trader made 60 Billion just last night) being such a LARGE number… but when CFC loses 500 Billion in a fight.. “Oh, that’s nothing. Not even a drop in the bucket. We didn’t want that ISK anyway…”

    Lol. Talking out of both sides of Alex’s vagina.

    March 9, 2017 at 11:58 pm
    • dragonshardz imsosly

      When, exactly, have we lost 500b in one fight?

      March 10, 2017 at 1:49 am
      • Axhind dragonshardz

        When Jay and his crew of incompetents got baited on the D-W beacon?

        March 10, 2017 at 7:01 am
    • Rhivre imsosly

      776 billion is a large amount of isk to the average player. 500b is the average amount traded daily in Delve, which, I believe is owned by 1 alliance.

      See the difference?

      March 10, 2017 at 6:01 am
  • jasperwillem

    “BURN JITA EVENT BRINGS EVE ONLINE ECONOMY TO A HALT”

    So;

    * You did miss the amazing sales while the event was going on?
    * You did miss the huge profits after the shortage in the market after the event?
    * You did not ship your to be sold stuff in after the event announcement, but before the event date?

    You are doing something wrong. The economy was booming.

    March 10, 2017 at 12:04 am
  • Erick Asmock

    Great event. Thanks goes out to all the folks who organized, FC’ed, bumped, harvested loot, killed and collected tears.

    This Bud is for you.

    March 10, 2017 at 1:34 am
  • Sylphinja the Dark Rose

    How exactly did it bring economy to a halt? I’m sure it actually helps it bloom. There’s people in Jita who specialize in all the market variables and put them on the market as stuff gets blown up.

    March 10, 2017 at 9:25 am
    • It halts the movement of items in and out of Jita. I guess it’s closer to an embargo of Jita…

      March 10, 2017 at 3:43 pm
  • DustVet

    Sincere congratulations to the Imperium for this event and for ALL the content, history, evolution and dynamic tension you bring to EVE Online.

    March 11, 2017 at 5:20 pm
  • Justin May

    Still alive?

    March 14, 2017 at 7:32 pm
  • Alot

    Used to employ an economist? Sad face 🙁

    March 20, 2017 at 4:28 pm