How to Farm Gold with Coinite in The Forge (March 2026) Ultimate Guide
Are you struggling to make gold in The Forge? Have you heard whispers about a mysterious ore called Coinite but dismissed it as useless? I’m here to reveal the truth about The Forge’s most misunderstood ore and show you how to turn it into your personal gold mine.
After spending countless hours testing different strategies and mining every rock in sight, I’ve discovered that Coinite isn’t just another ore—it’s the key to becoming The Forge’s wealthiest blacksmith. This comprehensive guide will teach you everything about Coinite, from finding this legendary ore to maximizing your gold profits with proven farming strategies.
What is Coinite in The Forge?
Coinite is a Legendary ore introduced in the Crimson Depths update that completely changes the gold farming meta in The Forge. Unlike traditional ores that boost damage or defense, Coinite serves a singular, powerful purpose: massive gold multiplication.
Coinite Core Properties:
| Property | Value | Description |
|---|---|---|
| Rarity | Legendary | Extremely rare drop rate |
| Stat Multiplier | x1 | No combat stat bonuses |
| Sell Price Multiplier | x16 | 16x base selling price |
| Island 3 Bonus | x20 | With x1.25 bonus applied |
| Drop Chance | 1/15,151 | From specific Crimson Depths rocks |
| Appearance | Sandy coin | Gold dollar ($) sign on top |
Many players ignore Coinite because it shows only a x1 stat multiplier in the forge menu, making it appear worthless for combat. However, this is misleading—Coinite’s true power lies in its hidden x16 sell price multiplier that only becomes apparent when you sell forged items to NPCs.
Where to Find Coinite: Crimson Depths Mining Guide
Coinite is exclusively found in the Crimson Depths area, one of The Forge’s most dangerous mining locations. To access Crimson Depths, you’ll need:
- Level 100+ (recommended for survival)
- Mythril or better pickaxe for efficient mining
- Decent combat gear for protection
Coinite Mining Locations:
| Rock Type | Location | Drop Chance | Mining Tips |
|---|---|---|---|
| Medium Red Crystal | Crimson Depths caves | 1/15,151 | Focus on clusters for efficiency |
| Large Red Crystal | Deep Crimson Depths | 1/15,151 | Higher ore quantity per crystal |
| Heart Of The Island Stone | Crimson Depths boss area | 1/15,151 | Rare spawn, high reward |
Pro Mining Strategy: I recommend farming Medium Red Crystals in groups of 2-3. Position yourself between crystals to hit multiple rocks simultaneously, dramatically increasing your hourly Coinite yield.
How Coinite’s Price Multiplier Actually Works
Understanding Coinite’s price mechanics is crucial for maximizing profits. The Forge calculates selling prices using the average multiplier of all ores used in forging.
Price Calculation Formula:
Final Sell Price = Base Item Price × Average Ore Multiplier
Real-World Example: Light Helmet
Let me break down a practical example:
Materials Used:
- 2x Island 3 Coinite (x20 each)
- 1x Island 3 Velchire (x6.875)
Calculation:
- Total multiplier: 20 + 20 + 6.875 = 46.875
- Average multiplier: 46.875 ÷ 3 = 15.625
- Base Light Helmet price: 65 gold
- Final sell price: 65 × 15.625 ≈ 1,015 gold
Compare this to a normal Light Helmet without Coinite that sells for around 65 gold—that’s a 15x increase in profit!
Heavy Armor Profit Example:
Materials Used:
- 8x Island 3 Coinite (x20 each)
- 17x Island 3 Iceite (x13.125 each)
Calculation:
- Total multiplier: (8 × 20) + (17 × 13.125) = 383.125
- Average multiplier: 383.125 ÷ 25 = 15.325
- Base Heavy Helmet price: ~1,020 gold
- Final sell price: 1,020 × 15.325 ≈ 15,000 gold
Armor Variants: The Secret to Maximum Profits
Armor variants significantly impact your final selling price. When forging with Coinite, always aim for the highest-value variants:
| Variant | Price Multiplier | Best For | Farming Tips |
|---|---|---|---|
| Knight | Standard | Beginners | Most common variant |
| Dark Knight | x1.2 | Mid-game | 20% profit increase |
| Raven | x1.35 | Maximum profit | 35% profit increase |
Raven Variant Strategy: Since Coinite focuses purely on selling value, Raven variants are your ultimate goal. A Raven Heavy Helmet forged with Coinite can sell for 20,250+ gold compared to standard variants.
Complete Gold Farming Strategy with Coinite
Based on my extensive testing, here’s the most efficient Coinite gold farming method:
Phase 1: Coinite Acquisition
- Gear Up: Equip Mythril pickaxe or better
- Location: Crimson Depths, focus on Medium Red Crystal clusters
- Technique: Mine 2-3 crystals simultaneously by positioning between them
- Inventory Management: Keep 20+ inventory slots free for Coinite
- Time Investment: Expect 1-2 Coinite per hour of focused mining
Phase 2: Strategic Forging
Optimal Recipes for Maximum Profit:
| Item | Minimum Ore | Optimal Ore | Coinite Ratio | Profit Potential |
|---|---|---|---|---|
| Heavy Armor | 20 | 46 | 30-40% Coinite | 15,000-25,000 gold |
| Colossal Sword | 21 | 46 | 30-40% Coinite | 12,000-20,000 gold |
| Great Axe | 16 | 37 | 25-35% Coinite | 8,000-15,000 gold |
My Recommended Recipe:
- Heavy Armor: 15x Coinite + 31x high-multiplier filler ores
- Success Rate: ~75% for Heavy Armor variants
- Average Profit: 18,000 gold per item
Phase 3: Maximizing Profits
- Island 3 Bonus: Always mine and forge on Island 3 for the x1.25 multiplier
- Variant Hunting: Re-forge until you get Raven variants
- Bulk Selling: Sell in batches to maximize efficiency
- Market Timing: Sell during peak player hours for best NPC prices
Alternative Gold Farming Methods (Non-Coinite)
While Coinite is the king of gold farming, here are other profitable methods to diversify your income:
1. Monster Essence Farming
Best for: Mid to end-game players with strong combat gear
Strategy:
- Location: Volcanic Depths
- Targets: Elite Skeleton Rogues, Reapers, Fire Slimes
- Essence Values: 100-500 gold each
- Hourly Income: 10,000-30,000 gold
- Required: Strong DPS race (Demon/Angel/Dragonborn)
2. Traditional Heavy Armor Farming
Best for: Players without access to Crimson Depths
Strategy:
- Ores: Cobalt, Titanium, Quartz
- Method: Mine Basalt Cores/Veins → Forge Heavy Armor → Sell
- Profit: 2,000-5,000 gold per item
- Advantage: More accessible, lower risk
3. Quest Completion
Passive Income: Complete quests from Captain Rowan, Amber, Sensei Moro, and Barakkulf
- Average Reward: 1,000-5,000 gold per quest
- Time Investment: Varies by quest difficulty
- Best Practice: Always have active quests while mining
Advanced Coinite Strategies
Luck Stacking Method
Maximize your Coinite drop rates with this advanced technique:
- Luck Potions: Drink before mining sessions
- Lucky Gear: Equip items with +Luck stats
- Mining Shards: Use Miner Shard runes for mining speed
- Optimal Timing: Mine during server reset for better spawn rates
Market Manipulation
Buy Low, Sell High Strategy:
- Buy: Common ores during off-peak hours
- Forge: Combine with Coinite for high-value items
- Sell: During peak player times when NPC demand is highest
Multi-Character Farming
For dedicated farmers:
- Alt Characters: Use multiple accounts to increase mining capacity
- Ore Transfer: Pool resources to main account for forging
- Efficiency: 2-3x normal farming capacity
Essential Tools and Equipment
Pickaxe Progression Path:
| Pickaxe | Cost | Mining Speed | Coinite Efficiency |
|---|---|---|---|
| Platinum | 15,000 gold | Good | Entry-level Coinite mining |
| Cobalt | 40,000 gold | Better | Recommended minimum |
| Mythril | 120,000 gold | Excellent | Optimal for Coinite farming |
| Arcane | 150,000 gold | Best | Maximum efficiency |
Recommended Races:
| Race | Bonus | Best For |
|---|---|---|
| Dwarf | +Mining Speed | Coinite acquisition |
| Goblin | -12% Pickaxe Cost | Budget progression |
| Shadow/Orc | +DPS | Monster Essence farming |
Common Mistakes to Avoid
After watching countless players struggle with Coinite, here are the most common mistakes I see:
1. Ignoring Coinite Completely
Many players dismiss Coinite due to its x1 stat multiplier. This is the biggest mistake you can make—Coinite is worth 16x more gold than regular ores.
2. Poor Ore Ratios
Using too little Coinite in your recipes reduces profit potential. Aim for 30-40% Coinite in your forging recipes.
3. Selling Raw Coinite
Never sell raw Coinite! Forged items sell for 3-5x more than the raw ore value.
4. Wrong Target Items
Forging small items like daggers with Coinite wastes potential. Always forge Heavy Armor or Colossal Weapons for maximum profit.
5. Ignoring Island 3 Bonus
Mining and forging outside Island 3 loses you the x1.25 multiplier—that’s 25% less profit!
Troubleshooting Guide
Low Coinite Drop Rates?
- Solution: Check your pickaxe level, use Luck potions, mine during peak hours
- Expected Rate: 1-2 Coinite per hour with optimal setup
Poor Selling Prices?
- Solution: Ensure you’re on Island 3, aim for Raven variants, use optimal ore ratios
- Expected Price: 15,000-25,000 gold for Heavy Armor with Coinite
Can’t Access Crimson Depths?
- Solution: Reach level 100+, upgrade to Mythril pickaxe, join high-level groups
- Alternative: Farm traditional methods until ready for Crimson Depths
Frequently Asked Questions
Is Coinite worth farming for beginners?
Not initially. Coinite requires level 100+ access to Crimson Depths and good equipment. Beginners should focus on traditional gold farming methods first.
How much gold can I make per hour with Coinite?
With optimal setup: 50,000-100,000 gold per hour from Crimson Depths mining and forging.
Should I sell Coinite or forge with it?
Always forge with Coinite! Forged items sell for 3-5x more than raw Coinite value.
What’s the best Coinite to ore ratio?
30-40% Coinite in your forging recipes provides the best balance of rarity and profit.
Can I use Coinite for combat builds?
I don’t recommend it. Coinite provides no combat bonuses and is purely for gold farming.
How does Island 3 bonus work with Coinite?
Island 3 adds a x1.25 multiplier to Coinite’s x16 base, making it x20 effective.
What if I can’t find Crimson Depths?
Crimson Depths is a high-level area. Focus on progression and traditional gold farming until you’re ready.
Final Thoughts
Coinite represents The Forge’s ultimate gold farming opportunity, but it requires patience, strategy, and the right setup. Don’t be discouraged by the low drop rates—when you master Coinite farming, you’ll have access to wealth that most players can only dream of.
Remember: Coinite isn’t about combat power—it’s about economic domination. While other players are grinding for damage stats, you’ll be building your gold empire and affording the best gear money can buy.
Start implementing these strategies today, and you’ll see your gold reserves grow exponentially. The Forge’s economy awaits its next tycoon—will it be you?
Related Resources:
For more The Forge strategies, check out these comprehensive guides:
- The Forge Gold Farm Guide – 5 Pro Methods
- How to Get Rich Fast in The Forge – Ultimate Money Guide
- The Forge Roblox Ores Guide – Complete Ore List
- The Forge Raven Cave Update – Crimson Depths Info
- The Forge Island 3 Guide – Island 3 Bonuses