Check out this first ever Exotic Engram drop also !!! https://www.reddit.com/r/DestinyTheGame/comments/3lb0z9/spoilerfirst_exotic_engram_drop_dropped_from/
Hello again, this really isn't a spoiler, if you remembered my previous Ether Seed farming post you will remember this method and its the same!
Farm >> https://www.youtube.com/watch?v=zuQBMLxAWEM&feature=youtu.be
This farm will allow you to continuously kill an Ultra called Draksis. When Xur comes to the tower he will be selling an item called 3 of coins, which is used to increase your drop rate of Exotic Engrams on your next Ultra kill! http://db.planetdestiny.com/items/view/417308266 Bungie updated the game to have Ultras drop Exotic Engrams! This is going to be awesome.
Old post >>> https://www.reddit.com/r/DestinyTheGame/comments/32krvl/media_house_of_wolves_vendor_currency_ether_seeds/
EDIT: Here is a method for killing Riksis(I see him listed as an Ultra on a bunch of websites) on Earth that some have speculated would be better because of the "wiping causes less/lower qualtiy engrams to drop". https://www.youtube.com/watch?v=_FUp1YAtwJg
EDIT 2: I see some good comments and discussion on whether Year 1 Ultras will drop Year 2 or only Year 1 exotic engrams or not. My line of reasoning is that they will drop both. When The Dark Below came out you were still able to get legendary engrams that turned into TBD items and you could obtain these engrams from Vanilla Destiny content. When they update the game all of the engrams you get from drops from that point forward are from that current DLC or game, so in the House of Wolves you couldn't get The Dark Below engrams dropped anymore(which only turned into Vanilla Destiny items or The Dark Below items). Since this is the taken king all engrams should be taken king engrams regardless of where you get them. Unless Bungie has a different system in place I think this is the best explanation.
EDIT 3: Just wanted to add, the original video of suicide rocketing can also be done by killing draksis and going to orbit. As long as you give yourself enough time you don't need to rocket suicide, the rocket suicide method is just a ton faster.
EDIT 4: Found all 12 chests on the Dreadnaught. Here is a guide to find them all with a walkthrough https://www.bungie.net/en/Forum/Post/154054821
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