MotivatedSloth ah, so you are an author. Then you probably know what you are talking about and have my utmost respect (no sarcasm).
Do you think webnovel takes a bigger margin than they should?
I think it is time to move on from the webnovel forever.
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Heavens_Edge Can't really judge, I'm still in my first month of premium, so I will get any real information about it at 5th january only, but even with that, we do not get a detailed data, only the total income (from what other authors showed me), meaning that I won't have any grounds to judge it properly.
(I won't have any info regarding how many of my chapters were bought with bonus coins/fast pass compared to how many were bought with paid coins)
PS: My book is still far for being profitable enough, so I aim for minimum guarantee system for now, but I'm already working on another novel that will be able to compete in terms of quality instead of attracting attention with smut and cover
So. 
A lot of math was tossed around. I still don't get it.
But this conversation thread has been interesting. Nothing like some passion for that spicy new year.
Anyway. I'm going back to watching Life of Brian. and his friend Biggess Diccuss... 
To all the writers and readers. We all have valid points.
I commend and applaud my fellow writers. The effort and time being put into various works are beyond words, even if some works are below our readers' expectation of a good work (though writers, like myself, could put more effort into the writing quality).
I also appreciate and thank the readers for being there, loyally. You are truly amazing. I truly understand your frustration. But, don't let your anger cloud your mind. Whether you are paid readers or not, we need you. I hope your love for your prefered works and authors, will make you to continue rendering your support.
Let's keep writing and reading, as true Daoists that we are.
Happy new year in advance. I hope we all have cause to celebrate in this coming year.
Primate Golden words, bro!
Happy New Year!
Cantiara. I def feel like if I indulged myself like I want to I would be paying over a hundred for 1 novel. Where it really gets expensive is ready multiple novels at once.
BTW I figured out how to farm however the books still end up locked which is total bs in my opinion. Especially since they prices to convert has increase. So now im starting novel after novel until they lock just to get accumulate points to convert to finish the first novels I've started. Smh its as draining/pointless as it sounds and my last attempt to hang on to this app.
MotivatedSloth What made you decide to go premium? I just got a contract from them 2 days back, so I am not sure what do to. There had been lots other people saying its a selling your soul contract, I am new in this novel business so I am not sure.
lunate
First thing first, did you get the contract offer through the inkstone or the email?
This is something I'm actually angry about, they are testing this feature without informing people about it (I mean, they should make some announcment for the authors, instead of just informing about it on the inkstone.)
So, if you got your contract offer on inkstone, then sorry to break it down to you, but it's not real. It's just something they are testing out right now.
And about going premium - Being able to put a food on my table through my writing is one of my longest dreams. Even if my book quality isn't sufficient to make it big with it, I'm trying to make up to it by simply writing a lot, and I'm actually working on my new novel that would be far better and more serious than my current one.
While I get why a lot of people are negative towards the contract because of various reasons that I can't really state here, I believe it's an equal trade off. You lose something and you gain something. All in all, no matter what people say, it's an easy way to actually try earning money through your writing so if you don't mind some clauses, I think you should go for it.
And don't forget, most of those "bad" parts in the contract are there just to secure WN intrest. I never heard of anything from those most drastic parts being actually implemented in real life.
Yea i got it through inkstone
So it's a fake? there is even a preview contract there.
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Yes, if you read multiple novels all at once it definitely could get pretty expensive. I am currently following 3 novels, 2 translated, one original, and all privileged. I'm spending quite a lot of money on them. I used to follow more novels, but that was several months ago when I had a lot of time to kill because I was sick, hospitalized, and after that had to stay a few months at home to recover. Now that I'm back at work full time, I naturally had to reduce the number of novels to read here because I simply don't have as much free time as before anymore, which is a fortunate thing. Okay, maybe I can squeeze some time for 1-2 novels more because after all, a chapter read is just around five minutes (well, and then there's this additional 10-15 minutes for me, personally, to put my thoughts in a comment. If you know me from the novels that I'm following, you would see that I often leave chapter comments, and I'm the type that can and would write an essay in them, but this habit has also been reduced because of the time constraint). So, yeah, if I were to go on a full indulgence mode, I could probably squeeze 1-2 more novels into my active reading list. But I don't want to. I don't think it's worth it. Besides, there are still quite a lot of (physical) books on my bookshelves that are still waiting to be read.
Self-indulgence isn't a bad thing per se, but it's also important to have self-control. IMHO, 3 free fast passes a day are enough to indulge yourself, especially if you don't want to spend your own money and make a purchase. There are other alternatives to entertainment than just WN, without having to resort to supporting piracy. Read real books. If you don't want to spend money on them, go to your local library and check out a book. Invite your friends/family/neighbors/colleagues to play board games. Go have a long walk in the park (it's healthy!) or explore your city. Play free online games. Really, a lot of things to do for entertainment than just reading a novel on WN.
I understand the frustration with these changes, but you're in control of your own life. Your fun and happiness should not depend on whether or not you get free coins from WN.
Anyway, I keep saying 'You', but the stuff I just wrote is not directly addressed to you, per se. It's for all the people that are still bitter about these WN changes. People, come on, there are more to life than just this site/app. Go out, socialize, have fun with your loved ones! Seriously, just spend half an hour outside and you'll forget WN in no time.
Oh, and BTW, you actually don't have to read the novel in order to farm points. I learned about this from @Yuki_Qing. You can just set your page to turning mode instead of scrolling and click through the pages without having to read the content until you get an ad. Just think of it as a game, and you'll farm a lot of points in no time.
Peace out 
EDIT: The advice to go out was meant for those who aren't confined to bed/home due to sickness. But even if you can't leave home, there are still a lot of things to do than just read a novel here. Read real books, play puzzles, write a blog, watch TV, news (it's good to stay updated with current affairs), watch stuff on YouTube, cook, learn to cook, etc, etc, etc.
lunate I can't speak for him, but I had two main reasons for going premium.
First, there's the number of readers it gets you. Webnovel gives premium novels a decent bit of promotion, so you get to show your work to thousands of people.
That's something even traditional publishers don't offer to new authors. And if you plan to continue writing, having thousands of readers is no small thing.
And second, there's the money. It won't make you rich (even waiting tables or flipping burgers would probably pay better, truth be told), but it's nice to be rewarded for your efforts. And most self-published authors on platforms like Amazon still earn far less.
As for the contract, it honestly isn't too bad.
While Webnovel take care in protecting their interests, it certainly isn't any worse than what you'd get from a traditional publisher. If anything, the percentage of earnings that goes your way is significantly(!) higher, and the performance requirements are much less stringent.
To give you an idea of what contracts are like in traditional publishing:
Mark Lawrence has blogged about how he only makes 2.25% of the earnings of his books in the UK. 2.25%. That's £0.12 on a £7.99 paperback.
Worse, traditional publishing is rife with examples of authors' series being canceled and the publisher refusing to return the rights to the author. So authors end up unable to finish their series, leaving readers without a satisfying ending.
And that's without getting into how publishers these days expect authors to promote their own works.
By comparison, Webnovel is infinitely better. Your works are promoted heavily, there's a large pre-existing audience, you get a bigger part of any earnings, and you won't be blocked from finishing your series if it underperforms.
lunate What he said. Usually an Editor will send you a contract to your e-mail. If you haven't received that, you can use a form. There is a form to submit your novel, and they will consider whether to give you contract or not.
https://docs.google.com/forms/d/e/1FAIpQLSchNZTTmOK7vz3cOrrtcm0rFKXT6PIgIZ-7CaT6ZonB_leg3w/viewform
This is the form, and you can have a look. As for whether it's worth it or not. I already mentioned somewhere else, that it depends on the individual. Some will find it not acceptable, other might accept it without further thoughts. Whether you should take this or not, should be your choice. The best advice anyone can give you, is to read the contract (when you have it). If you don't understand something, a lawyer is the best option. It's never a good idea signing something you don't understand, right?
Ok, i won't stress on it for the moment then.
TomVanDyke I'd like to point out, Mark Lawrence got a "considerable" advance. Even if his book didn't sell, the money he got in advance, was his. There are more points like that. So although the 2.25% is true, that is not everything he earns or earned thanks to the deals he signed. I read the whole article.
DarkRay But only extremely well-known authors get such advances.
Most authors get far less, and even then, they rarely earn out their advance and start getting royalties.
TomVanDyke I guess it depends on the contract and draft. There are new authors who get good contracts, because their books are just that good and hit the market very well. All authors at some point were not famous.
TomVanDyke But only extremely well-known authors get such advances.
Not correct. A guy called Dave Gorman (a british comedian and such). He wasn't an author, but got a publishing deal. He even told his story how he didn't finish his book, and had to pay all the money he received back to the company (which he spent). That's many years ago, but even Lawrence says:
"...And where did they get the money to gamble in the first place? It came from profits made on successful authors. The very high-selling authors (the successful gambles) subsidize the new authors and allow them to be given a chance."
Hence I say, it's not as bad as you describe. People sign contracts at webnovel, and they sign contracts with publishing companies.
DarkRay There are some extremely rare exceptions, but they make up <0.1% of all books that get published.
The average advance for a debut novel is $5,000-$10,000, and that's before the agent takes his share. If you take into account that getting a book written, edited, and published will generally involve at least a year of work, that's not exactly great.
There's a reason that most well-known fantasy authors still have day jobs.
TomVanDyke I'm just telling you what I can see from the stuff you provided. I have no data at all concerning the other contracts, or what new authors receive. If you have, please share.
