RE: Problems With New Currency
The "zero profit" pricing of ores based on minecraft wiki probabilities would be:
21.795 nuggets for diamond
.803 nuggets for iron
3.177 nuggets for lapis
.45 nuggets for redstone
If you are selling ores for less than this you are losing money on a probability basis (i.e. it would be more profitable to just mine for gold and keep the ores). That doesn't account for the time and resources spent mining, the fact that different levels have different frequencies or the fortune enchantment but it is a pretty good price guide for the absolute minimum amount prices could go in a nugget-economy.
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