Most players walk right past Coinite thinking it’s trash ore. That one mistake costs them millions in gold. You look at the forge screen and see a weak x1 multiplier. No stat boost. No special trait. So you ignore it. Big error.
Here is the truth: Coinite gives you a hidden x16 sell price multiplier that jumps to x20 inside Raven Cave. This makes it the best ore for pure gold farming in The Forge. Not Gargantuan. Not Iceite. Coinite.
This guide shows you exactly what Coinite does, where to find it, and how to turn it into 150,000+ gold per hour. You will learn the math, the location, the best recipes, and pro strategies that top players use.
Key Takeaways: Coinite Profit Power
- Coinite = 15x to 20x sell price multiplier. Zero stats. Use it only for making gold, not combat gear.
- Raven Cave (Island 3) is the only place to farm Coinite. You need level 70 and a special key.
- 650+ power pickaxe required. The Prismatic Pickaxe is your best tool.
- Heavy Armor with 46 ores sells for 15,000 to 100,000+ gold each time.
- Raven variant adds a bonus 35% on top of Coinite’s multiplier.
- Combine with Velchire or Iceite to push profits even higher.
- 150,000+ gold per hour is possible with perfect setup.
What Is Coinite and Why Does Everyone Get It Wrong?
Coinite is a Legendary ore you can only find in Raven Cave on Frostspire Expanse (Island 3). It has a 1 in 15,151 drop chance from Heart of the Island rocks. That makes it rare. But the real problem is how it looks.
When you put Coinite in the forge, the screen shows a x1 stat multiplier. Normal ores like Gargantuan show x25. Iceite shows x10.5. So you think Coinite is garbage. You pass it by.
But here is the secret: The x1 multiplier only affects stats. Coinite does not boost your damage, defense, or HP. Instead, it has a hidden sell price multiplier of x16. This does not show on the forge screen. You only see it when you sell the item to an NPC.
Think of Coinite as pure profit ore. It sacrifices all combat power for maximum gold. That trade-off is worth it when you want to buy the best pickaxes or complete expensive quests.
The Hidden Math: How Coinite’s Sell Price Multiplier Really Works
Let us break down the numbers simply.
Base Coinite Multiplier:
- Stat multiplier: x1 (gives zero stat boost)
- Sell price multiplier: x16 (hidden)
Island 3 Bonus (Raven Cave):
All ores from Island 3 get a x1.25 sell price boost. This applies to Coinite too.
- Coinite in Raven Cave: 16 x 1.25 = x20 real multiplier
How The Forge Calculates Price:
The game takes the average of all ores you use. If you use 46 ores total, it adds up all their multipliers and divides by 46. Then it multiplies the base item price by that average.
Example:
You make Heavy Armor with 46 ores:
- 30 Coinite = 30 x 20 = 600
- 16 Velchire = 16 x 5.5 = 88
- Total = 688
- Average = 688 ÷ 46 = 14.96
- Heavy Armor base price = ~1,020 gold
- Final sell price = 1,020 x 14.96 = 15,259 gold
The stats stay weak, but you get rich. That is the Coinite strategy.
Coinite vs Normal Ores: The Honest Comparison
Let us compare Coinite to other popular ores for gold farming.
TableCopy
| Ore | Rarity | Stat Multiplier | Sell Multiplier | Best Use |
| Gargantuan | Divine | x25 | x25 | Combat + Gold |
| Iceite | Mythical | x10.5 | x10.5 | Balanced |
| Velchire | Legendary | x5.5 | x5.5 | Mid-game |
| Coinite | Legendary | x1 | x20 | Pure Gold |
Gargantuan is the best overall ore. It gives amazing stats and great sell price. But it is insanely rare (1/333,333 chance). You might find one after weeks of farming.
Iceite and Velchire are good for balanced builds. They boost your combat power while giving decent gold.
Coinite is different. It gives zero combat power but the highest sell multiplier in the game. It is also easier to farm than Gargantuan (1/15,151 vs 1/333,333).
Bottom line: Use Coinite when you want pure profit. Use Gargantuan when you want power and money. Most players should farm Coinite to fund their Gargantuan gear purchases.
Where to Farm Coinite: Raven Cave and Red Cave Guide
You cannot find Coinite on the starter island. You must reach Frostspire Expanse (Island 3).
Requirements to Access Coinite:
- Reach level 70 by gaining experience from quests and index unlocks.
- Get the Portal Tool from the Wizard NPC during tutorial quests.
- Complete Raven’s quests to unlock Raven Cave and Red Cave.
- Craft Prismatic Pickaxe with 650+ mining power.
Step-by-Step Access:
Step 1: Reach level 70 and teleport to Frostspire Expanse using the Portal Tool.
Step 2: Find the Raven NPC near the Spider Cave to the right of The Peak. He looks like a crow with red eyes.
Step 3: Complete Raven’s first quest: Kill 5 Crystal Spiders, mine 10 Icy Pebbles, and bring 1 Aetherit ore. This gives you the Raven Helmet recipe.
Step 4: Complete Raven’s second quest: Kill 10 Diamond Spiders, kill 1 Prismatic Spider, and bring 1 Snowite ore. This gives you the Red Cave Key and Raven Chestplate recipe.
Step 5: Use the Red Cave Key on the door behind the forging station to enter Red Cave.
Step 6: Inside Red Cave, mine Heart of the Island rocks (glowing red crystals). These require 650+ pickaxe power and have a 1/15,151 chance to drop Coinite.
Pro tip: Farm multiple rocks at once by standing between two Heart of the Island nodes and hitting the center point. This doubles your farming speed.
Step-by-Step: How to Calculate Your Coinite Profits
Let us show you the exact math so you can plan your profits.
Light Helmet Example (3 Ores)
Materials:
- 2 Coinite (20x each) = 40
- 1 Velchire (5.5x) = 5.5
- Total = 45.5
- Average = 45.5 ÷ 3 = 15.17
- Light Helmet base price = 65 gold
- Final price = 65 x 15.17 = 986 gold
Result: Weak helmet, but sells for almost 1,000 gold.
Heavy Armor Example (46 Ores – Optimal)
Materials:
- 30 Coinite = 30 x 20 = 600
- 16 Velchire = 16 x 5.5 = 88
- Total = 688
- Average = 688 ÷ 46 = 14.96
- Heavy Armor base price = 1,020 gold
- Final price = 1,020 x 14.96 = 15,259 gold
Result: One Heavy Armor piece sells for over 15,000 gold.
Raven Variant Bonus
If you get lucky and roll a Raven variant, you get an extra x1.35 multiplier.
- 15,259 x 1.35 = 20,600 gold
That is almost 21,000 gold from one armor piece.
Best Items to Forge with Coinite for Maximum Gold
Heavy Armor vs Light Armor
Heavy Armor always wins for profit. It uses more ores, which means higher average multiplier. It also has a better base price.
Light Armor is faster to make but sells for much less. Only use it if you have very few ores.
Optimal Ore Count: 46 Ores
Using 46 ores gives you a 75% chance to make Heavy Armor. Using fewer ores increases your chance of making cheaper Medium or Light armor.
Armor Variants and Their Bonuses
TableCopy
| Variant | Sell Price Multiplier | How to Get |
| Knight | x1.0 | Random chance |
| Dark Knight | x1.2 | Random chance (rarer) |
| Raven | x1.35 | Random chance (rarest) |
| Masterwork | +50% quality bonus | Perfect forging mini-game |
Raven variant is the best. It gives 35% extra gold on top of everything else. Always aim for it, but do not stress if you get Dark Knight or Knight. All three make huge profits.
Why You Should Mix Ores
Pure Coinite is good, but mixing with Velchire or Iceite can boost profits. High-tier ores like Velchire add extra multiplier points. This raises your average and increases final price.
Best mix: 30 Coinite + 16 Velchire. This gives high Coinite percentage while boosting the average with Velchire’s 5.5x.
Pro Coinite Farming Strategies for 150,000+ Gold/Hour
1. Use the Right Pickaxe
You need Prismatic Pickaxe with 650+ mining power to break Heart of the Island rocks. Anything weaker will not work.
2. Farm Multiple Rocks at Once
Stand between two Heart of the Island nodes. Aim at the center point between them. If they are close enough, you will hit both rocks with one swing. This doubles your ore per hour.
3. Empty Your Inventory
Clear your inventory before farming. Heart of the Island rocks drop many ores. You want space for Coinite and other valuable drops.
4. Stack Mining Buffs
Use Miner Potions and Miner Totem to boost mining speed. The faster you break rocks, the more Coinite you find.
5. Choose the Right Race
Goblin race gives a 12% discount on all purchases. Use this when buying potions and pickaxes. This saves thousands of gold over time.
6. Combine Coinite with High-Tier Ores
When forging, mix Coinite with Velchire, Iceite, or even Gargantuan if you have spares. This raises your average multiplier and increases profits.
7. Always Aim for Masterwork
During the forging mini-game, try to hit perfect accuracy. This gives you the Masterwork quality bonus, adding 50% more value to your item.
8. AFK Farming Setup
Set up in a spot with two Heart of the Island nodes close together. Turn on auto-mining (if available) and check back every few minutes to collect ores and clear inventory.
With perfect setup, you can farm enough Coinite for one Heavy Armor every 8-10 minutes. That is 6-7 armors per hour = 90,000-140,000 gold.
Common Coinite Mistakes That Cost You Gold
Mistake 1: Using It for Combat Gear
Never forge weapons with Coinite. It gives zero damage boost. Use it only for armor you plan to sell.
Mistake 2: Forgetting the Island 3 Bonus
Farming Coinite anywhere but Raven Cave wastes 25% of your profit. Always farm in Red Cave for the x1.25 bonus.
Mistake 3: Not Using Enough Ores
Using fewer than 46 ores gives you a low chance to make Heavy Armor. You might end up with Light Armor that sells for pennies. Always save up for 46 ores.
Mistake 4: Selling Ore Instead of Forging
Never sell raw Coinite to Greedy Cey. A single Coinite ore sells for maybe 200 gold. But when forged into Heavy Armor, that same Coinite contributes to 15,000+ gold. Always forge first.
Mistake 5: Ignoring Pickaxe Upgrades
Trying to mine Heart of the Island with a weak pickaxe wastes time. The rocks have high HP. Upgrade to Prismatic Pickaxe as soon as possible.
Mistake 6: Not Clearing Inventory
A full inventory means you leave valuable ores on the ground. Clear space before every farming session.
Frequently Asked Questions
Is Coinite better than Gargantuan for gold farming?
Yes, for pure gold farming. Coinite gives x20 sell multiplier in Raven Cave, which is close to Gargantuan’s x25. But Coinite is 20 times easier to farm (1/15,151 vs 1/333,333 drop chance). You will find hundreds of Coinite before you see one Gargantuan. For combat gear, Gargantuan wins. For making money, Coinite is king.
How much gold can I make per hour with Coinite?
150,000+ gold per hour at peak efficiency. This assumes:
- You have Prismatic Pickaxe (650+ power)
- You farm Heart of the Island rocks in Red Cave
- You use the two-rock mining trick
- You forge Heavy Armor with 46 ores (30 Coinite + 16 high-tier ores)
- You get average luck on Raven variant rolls
Realistic earnings for most players: 80,000-120,000 gold per hour.
What level do I need to be to farm Coinite?
Level 70 minimum. You must reach this level to unlock Frostspire Expanse. You also need to complete the Portal Tool quest from the Wizard NPC. Then you must finish Raven’s first two quests to get the Red Cave Key. Total time from level 1: 15-25 hours depending on your play speed.
Can I use Coinite on weapons or just armor?
You can use it on both, but you should not. Coinite gives zero damage boost to weapons. Using it on a sword is a waste. Always use Coinite for armor that you plan to sell. Heavy Armor gives the best return on investment.
What’s the best pickaxe for farming Coinite?
Prismatic Pickaxe with 650+ mining power. This is the minimum power needed to break Heart of the Island rocks in Red Cave. You can craft this pickaxe after reaching Frostspire Expanse and gathering the required materials. Lower power pickaxes will not break these rocks.
Does the VIP gamepass help with Coinite farming?
Not directly. The VIP gamepass gives extra inventory space, which is nice. But it does not increase drop rates or sell multipliers. The main benefits are convenience. You can farm Coinite perfectly fine without VIP.
Should I sell Coinite ore or forge it first?
Always forge it first. Raw Coinite sells for around 200-300 gold. When forged into Heavy Armor, each Coinite contributes to 15,000+ gold items. That is a 50x-75x increase in value. Never sell raw Coinite unless you are desperate for quick cash and have no inventory space.
How long does it take to farm enough Coinite for one Heavy Armor?
30-45 minutes on average. You need 30 Coinite for optimal Heavy Armor farming. With a 1/15,151 drop rate and two-rock mining, you will get 30-40 Coinite per hour. Add 15-20 minutes for gathering the other 16 ores needed. Total time per armor: 45-60 minutes. Each armor sells for 15,000-20,000 gold.
Can I farm Coinite while AFK?
Partially. You can set up between two Heart of the Island rocks and use auto-mining features. However, you must check back every 3-5 minutes to:
- Clear your inventory
- Move to new rock spawns
- Collect dropped ores
- Avoid getting logged out for inactivity
True AFK farming is not possible, but you can do light multitasking.
Conclusion: Start Your Coinite Empire Today
Coinite is not trash ore. It is a gold printing machine hiding in plain sight. With its hidden x20 sell multiplier in Raven Cave, you can turn hours of mining into millions of gold.
