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It's *extremely* slow paced. So yeah, if you can, say, juggle doing something more engaging with EVE in the background, and just getting involved when something important happens.
Don't bother running PVE missions, though, because they're not worth it. If you were working a minimum wage job, you'd have to be making upwards of 100 Million ISK an hour (I have no clue what the current price for PLEXs is, so I don't know if this conversion is still accurate, since I haven't played in a year and a half or so) for it to be worth more than just working instead, buying timecodes to sell in-game, and then just doing something fun when you do play. After several weeks of grinding I got up to making around one to two million ISK an hour, and the slightest mistake could easily cost me twenty million or so.
So, depending on the stats of the character, you could just buy a pair of PLEXs for... $35? I forget how much they cost, sell the two timecodes for hundreds of millions of ISK, and set up a small fleet of cheap ganking ships and go around ganking anyone you can find in lowsec. If you die, it's no big deal, since you'll just have a backup ship ready to go (one that should preferably cost around the price of a single cigarette, or half an extremely cheap beer). Still need something to do in the meantime, because that'll mostly consist of just wandering around looking for someone foolhardy enough to be sitting around in lowsec... I suppose it's a matter of weighing boredom against the adrenaline rush of actually having mild financial consequences for failure in PVP...
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