Storm Peaks Farming Spot

I recently learned from somewhere on the internet about this ‘really hot spot’ in Storm Peaks where you can farm 1000 gold per hour.
The location is 77,63 in Storm Peaks, and it’s called Fjorn’s Anvil.
I should have known better, but I decided to give it a good, honest try.
It seems that the location has been nerfed in several ways. The drop rate is somewhat nerfed. Mainly the respawn rate is nerfed. Not to mention all the elite level 80 mobs walking around among the Revenants (which is what you’re trying to farm).
Now, the elites drop over 1g each, but they have 50K hp. If you can cruise through those with ease, this might be a good spot for you. As a mage, I can kill them, but I have to burn cooldowns, which means I can’t just melt through them.
So, once again a gold-farming ‘hot spot’ turns into a myth. I firmly believe that Blizzard is constantly monitoring areas like that. They are striving to keep the game balanced…the minute a ‘hot spot’ appears, they find out about it and make the change.
UPDATE: This post = teh FAIL! So…I never completed the quest chain here…I had moved on to Icecrown. Thanks to the folks who submitted the comments letting me know that the elites go away once the quest chain is done.
So I spent two hours completing the quest chain to get it clear. Here’s what I discovered:
1. the respawn rate is, indeed, insanely high. You can chain pull non-stop. Very nice.
2. they do, indeed, drop a decent amount of Crystallized Fire and Relics of Ulduar. Nice.
3. they are not immune to fire. Nice.
I’ll go back and do an actual test (30 minutes speed killing, total up the loot drop), when I get a chance. For now, I retract the ‘Nerf’ cry…it seems like a decent place for people who can kill fast and don’t have gathering professions.
UPDATE #2: 30-minute test.
I did straight killin’ for 30 minutes. I’m a mage, so I can kill fast and furious. A few times I had some down-time due to having killed everything and no respawns. For the most part, though, the respawns were so quick that it kept me killing non-stop. There was one other player there…a hunter. We pretty much just left each other alone. He kept to the path leading to the anvil, and I worked the anvil and surrounding area. That just adds realism to the test, I think.
After 30 minutes I had 29 Crystallized Fire, 26 Relics of Ulduar, 22g in gray vendor trash, and about 30g in DE-able greens. (The DE value of the greens is about 30g total.) Prices will vary according to your server. On my server, that’s about 100g in Crystallized Fire and 30g in Relics. So…160g-ish in 30 minutes, or 320 gold per hour.
It seems reliable, consistent, and that was, as I said, WITH someone else there. A couple of other people dropped by and left. I’ve seen 3 people farm it…the respawns seem to speed up.
It’s not as good as gathering professions, but if you can kill fast and don’t want to give up your other professions, you might take a look. Just be sure to do the quest chain (starting at K3 – check WoWHead) to clear out the elites.