There has been a bit of new data about WoW Gold farming recently and Professor Richard Heeks has provided some updates over at VERN. Some of the key takeaways:
Estimates of 400,000 people working in China on gold farming/trading are seen as very realistic, and the number could be 500,000 up to 1,000,000 (with *possible* total Chinese RMT turnover of up to $10 billion a year...which seemed way too high for us)
The system is setup so that there are brokers (e.g: Swagvault) who sell to American consumers and gold farm shops
It has been estimated that there are 60,000 "brokers" (this number also seemed a bit high)
Gold farms employ those with just high-school diplomas or below, and so the farms are put where they can get space cheaply; typically some way outside a city or in smaller towns/cities.
The gold farms Anthony saw were full of young guys aged around 18-20 with beers and cigarettes, hanging out playing games and having a good time. They realize it's not a long-term occupation but they also appreciate that they are part of something that is rather new and different. His estimate is that they'll stay for maybe 1-2 years before moving on to another kind of job.
Is gold farming the Chinese equivalent of the American Teenagers Fast Food Summer Job?
Tuesday, May 12, 2009
New Chinese Gold Farming Facts & Figures
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