Krazyguy75 Here's the thing Qidian collects all of this data. It's laid out right in front of them. If there was such an enormous loss for them you would see changes. Now are there better ways for them to do it, sure we can say a lower cost and more quantity could bring more. But it's why I keep pointing back to the 20 seats for $200 or 100 seats for $5.

They didn't have the money upfront when they began paying TL. Now that people have bought all the SS the money from that has to sit in an account. Once the bonus SS is gone and people start using real SS the payments can go out. What this means is Qidian was operating at a cash loss and technically still is. That money in the account for payment, they don't know what % of the split is theirs, the authors, the TL etc. There is no way for them to know until people start spending the real SS. Not making a ton of money but are able to see numbers rise while the money sits in accounts.

Every contract is going to be different. Now what they can do is take the average % of all contracts and that gives them an idea of their profits. They can have data that breaks it down by every week. So if a business has that kind of data and the model hasn't changed what does that say about what is possibly going on behind the scenes? That they will be making money and enough of it to meet their bottom line. Now if they change prices then you know they weren't able to meet that bottom line.

    Jade73227 And that's what some don't seem to understand. Pay for chapter system isn't new but some try to justify Patreon by saying Qidian didn't get a cut and the money went straight to the TL.

    Yet they forget all the other people who most likely aren't getting a cut like the editors, author, etc.

      Playeone I gave up on collecting SS nowadays. Too busy with life and can always read in other sites. Worst come to worst i will squeeze every ounce of my brain with mtl.

        Gamblejay that 20 seats for $200 dollars is an interesting example but here’s what you’re forgetting; can you even get those 20 seats? To be able to sell something for 10x the price or more it would have to be desired much more. Baseball is amazingly popular, the american pastime, people value it enough to pay that jacked up price but webnovels are a completely new thing to the west. The closest thing is web fiction which is not very popular and most of it’s free or a couple dollars for an ebook. Almost no one understands webnovels and if they did they’d think that giving up quality for quantity doesn’t justify increasing the price. Higher price means higher quality not the opposite. If forced to choose I believe most people would pick the cheaper one with higher quality over the expensive one with lower quality from the company with terrible reputation. If I paid a subscription for multiple novels for a justifiable price like $10 or $15 a month I’d consider it but no one would pay hundred of dollars for a single book filled with filler.

          UnderTaker26 Again without seeing the numbers and data I can only speculate based on the companies actions.

          Which 2 months and no change to premium, more premium releases and posts by Qidian and TL saying the numbers look good and are increasing. They could be blowing smoke up everyone's asses, it's impossible to tell.

          But my train of thought is, if it was failing they would have dropped the price long ago rather then let it settle in.

            Gamblejay

            That's not at all what I was asking about. I was asking about the pricing for buying spirit stones from the store. I spent $10 for 1500 SS a few months ago. Now, if I spend $10 I only get 600 SS. That is a massive devaluation of money spent for SS.

              I think people forget that with the old system where it's not paid, people then cared about the translator and the team because they were part of a community. But now with the new premium system it's not really a community it's a vendor and a customer type of deal so yes at this point I don't really care for translator/editor's income status because now it's about is this worth $$$.

              Contributing more $$$ to someone because they're doing me a favor is different from I need to pay $$$ for X commodity. Is premium very expensive? No but is it worth it? At the moment I don't really see much worth in it. Once my free SS runs out i'll probably just start dropping the content and move on, if there was a subscription for all you can read like some of the japanese light novels in some places then I'd be up for that.

              For translators doing free work and that have patreon I'll continue contributing to them.

              Sugestions:
              • Creation of a new charged stone, the Lightning Stone
              Purpose: Will be a stone to decide which WN will get a mass release weekly, the top 10 will get new chapters according to their rank.
              1 rank - 15 mass release
              2 rank - 10 mass release
              So on forth
              The price could be 1$ each
              Result: To instigate real competition between Authors, forming a real sense to the reader that he is contributing to the work, compelling the authors to write better story, therefore increasing the popularity of the site.

              Other Idea would be the creation of a general goal for novels that increase their release rate through donations.
              Take by an example INEBM, one of the top 20 novels which have only 1 release a day. Setting up a goal of 2~5k in donation to rise it up to 2 releases a day.

                Playeone
                Well it s common sense everyone knows that Occidental are milk cow for the Chinese. While in China you got premium monthly membership to gain access to unlimited chapter you can dream on to get that for the English version. And while a Chinese translator cost less then an author (payed with a small salary and by the words)
                All the Oney they get here is indeed because of greed.
                But hey it s not like we have a choice, is there such site who provides novel for free?
                Oh yeah there is, well when more people leave and stop reading there maybe they will know that we aren't only milk cow.
                And stop the shitty let's support the translator I know some of them but come do we really need to support them that much so they win more then 5k usd a month for two chapters a day ?
                Better take professionnal Chinese translator for 2-3000 rmb a month (well who knows if it s not the case right now)

                  Gamblejay Good one, cash cow t(- -t). I could see someone selling you the full Naruto anime by episode and you'd be ecstatic to hand over your parent's money.

                    Millman97 I give 2 thumbs up on the quality you guys produce for LoHP. Many of the novels make me cringe at the number of glaring errors (hint: 2 books with MMORPG in their titles) but your work is almost always perfect. Well done.

                      manapotion Thanks, your support means a lot :D TBH the quality is mostly due to Starve, I'm pretty much a glorified proofreader :sweat_smile:

                      ZeroAspect Its not like they hid anything, they straight up said it was a % Bonus limited time promotional deal. So the reducing doesn't part doesn't really bother me either way.

                      Though I don't think anyone would be against the lowering of prices I just don't foresee it happening.

                        Just looking at the price makes me cry.

                          untalentedgoblin Not sure if you know this, but the authors wrote these chapters years/months ago. There's no getting rid of the filler from our side. The only ones you might be able to influence with your proposed system are translators and editors.

                          Gamblejay You assume that the profit maximizing price is known. So far, they can't tell how the pricing has affected demand. Two months really isn't enough time to analyse if premium is optimally priced, especially since they started with a small subset to experiment with. SS revenue may have increased since early adopters may have been testing the waters. Readers may have bought first, calculate spending later. Those who later found the prices extortionary (possibly due to more novels later going premium) certainly won't support the system again. Relying on such first time buyers and whales is not sustainable. Viewership "increased" since many new accounts were made to farm SS.
                          You say that the accounts are sitting idle waiting for pay out. I highly doubt that. The revenue has probably been 70% invested. They probably expect that the average account will have a non zero balances due to the inability to spend fewer than 3 SS per transaction. There's also the threshold for SS spending on each chapter before bonus payouts are made, so the costs per chapter are almost fixed and the release rate is predictable as well, thus that cost is pretty much known. The share that qi get from variable contacts has probably already been 90% claimed since a minimum publishing share likely exists. What remains are reserve amounts in case they need to make a pay out. If this calculated amount is too low, then they can get the cash from their parent company. They may also limit pay outs to monthly periods with a several day calculation lag in order to cash out liquid assets quickly.

                            Beware the expensive lure in front of you. It looks shiny and tasty, but it really isn't. Fishermen can only catch the fish that bite.

                            People seem to forget that if you buy premium chapters and run out, you're gonna have to wait a LONG time to let the free chapters catch up to the shit you bought. So unless you're patient, you're gonna have to buy more SS to be up to date lol

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