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Money making guide/Smithing(F2P)

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Overall, smithing is not incredibly good for money making in the short term, but good if a player sticks with it long enough. In addition to players buying bars because smithing experience is earned faster at the anvil rather than at the furnace, bars of all types are also tertiary ingredients for Summoning, which has increased the demand for most types of bars above and beyond their smithing potential. There is also a small demand for steel bars due to their use in Construction. Due to the relatively low prices for smithable weapons and armour, smithing items isn't recommended to make money, with few exceptions.

Effectiveness
(Coins/hour)
Smithing level requirement Details Risk Factors Other requirements
*****
3,300
Level 15 Players can mine or buy iron ore and smelt the ores into bars, which sell for 374 coins each. Free players must endure the 50% chance that iron ore will be too impure to smelt.  Using rings of forging, a player can smelt about 900 iron bars per hour, a profit of 170k/hr and 11.25k xp/hr. 15 Mining (optional)
*****
100,000
Level 30 Players can mine or buy iron ore and 2 coal and smelt them into steel bars. 15/30 Mining (optional)
***** Level 50 Mithril bars sell for 1,563 coins each. If the materials (one mithril ore and four coal per bar) are purchased, you can earn up to 292 coins per bar using the Falador or Al Kharid furnaces. At five bars per trip, you can make about 87600 coins and 9,000 experience per hour. 30/55 Mining (optional)
***** Level 70 Adamantite bars sell for 3,045 coins each, and require one adamantite ore and six coal per bar. Purchasing the materials then selling the bars gives a profit of 341 coins per bar. At four bars per trip, you can make about 81840 coins and 9,000 experience per hour. 30/70 Mining (optional)