Zero_Profile Agreed. Someone is throwing around a lot of numbers and assuming a lot of things and writing long ass screeds, but at the end of the day the math is simple.
As an example: consider Ghost Emperor Wild Wife, which is complete at 2262 chapters. Assuming premium kicks in only after the first 100 chapters, that comes out to 2162 chapters that must be unlocked. Assuming 3 passes per day, and that you read the book over the course of a year, that's 1067 chapters to be paid for, each of which seems to be consistently 4 coins. At the current best rate of 2500 coins for $50, that works out to ... the lovely price of $85.
And what does that $85 get us? Do we get a pdf copy of the novel we can read at anytime, at our leisure? Do we get excellent editing, quality control, and consistent releases? No. We get none of that. Instead, we have to spread out our reading time over the course of a year, in order to keep the price from being even more ridiculous, and we get novels full of poor writing and bad plotting compounded by translations with inconsistent quality and highly variable timing. On top of that, the year timeline is ASSUMING that the translator and author are even capable of consistently putting out 3+ chapters a day, which is a laughable assumption. In fact you may have to wait for several years (at which point the cost of the novel goes down, but so does your interest in it).
IMHO, under no circumstances is any novel on this website worth $85. And the example novel I picked is one with comparatively cheap chapters. Consider a novel like Lord Xue Ying where the chapters are 12 coins and the price skyrockets.
To me there are two possible conclusions: Qidian is either greedy and/or has an unreasonable business model. I wonder if the prices couldn't be made more reasonable if it implemented quality control by dropping unreliable and unskilled translators, and maintained a smaller roster of high quality novels instead of going for quantity over quality, which means it has to pay a lot of people.