You are way to wrong....
The groups of Qidian are split into 5 groups, 3 main groups and 2 sub-groups.
1st group: Those who don't shell out money cause most are of average income, college students or teens that don't work, but are willing to watch ads to help support TL's and Qidian. They might occasionally sub to a Patreon
2nd group; Are the ones that have a stable income and don't worry about the cost of spirit stones as long as they manage it well enough. This group is the group that most likely supported Patreon and put money towards releases of chapters when websites were still doing that.
3rd group: The group that has to much money to spend and doesn't care about the little incremental amounts of money they'd have to pay per week to read something they enjoy.
1st sub-group: The occasional reader, a group of readers that reads at a steady rate doesn't read enough to catchup to the new releases and doesn't have to worry about paywalls as the supplied spirit stones will likely be enough to let them read the chapters they want. Even if they met one they'd just set the novel aside or switch to a more lengthy one. This group can fall under any of the 3 main groups as they might watch ads, occasionally buy spirit stones and or buy in lump sums while subbing to Patreon.
2nd sub- group: The hardcore readers, this group is prone to binging one novel till they are caught up to latest releases and do the same to multiple novels at the same time. This group is likely to run out of supplied spirit stones the fastest. The intake will outclass the 1st groups ability to get around paywalls especially with Premium novels. The 2nd group would even take a hit on the budget trying to sustain this for a lengthy period. Only the 3rd group and most likely the smallest group would be able to do this no problem.
Your 2 groups are over simplifying the issue to an extreme. An hour to read a chapter?! Who are you talking about a grade schooler? The average reading speed may be 20 to 15 min and above average (dedicated readers) is about 10. A speed reader will basically be a nonentity as a chapter wouldn't take more than 2 to 3 minutes so of course they'd have problems!
Reading $1k worth of hard cover novels (which are expensive as hell compared to e-books) in a week? Only if you no life it at your reading speed bro! Not to mention the varying price, chapter length and number of chapters in each book.
The average amount of chapters in a US hard cover novel is about 18 to 30. The number of pages in a chapter is about 10 to 16. In a Chinese novel the average amount of chapters in a novel series is roughly about 1k to 2k. The average amount of pages in a chapter? 18 to 25 depending on your font size. i have mine on small so mine tend to be shorter when viewing the app.