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1.
A player in an MMORPG (term originated in World of Warcraft) who spends the vast majority of, if not his entire online time acquiring items and selling them at ludicrously high prices. The sale can occur in or out of the game, with a large number of Chinese Gold Farmers (henceforth abbreviated as "CGF") being linked to websites specializing in the (illegal) sale of in-game assets for actual real-world currency.

More often than not, they do not work well in groups, speak very little English (as the name suggests), have a multitude of people with access to the same characters (it remains unknown if one person plays for days, or if the users develop various "shifts" similar to a work schedule), and will roll for all items as though they are required ("Need" rolling in World of Warcraft, also "Ninja Looting" at times).

Rarely, if ever, will these characters be created with any skills beneficial to other players. The odds of seeing a World of Warcraft CGF character with Alchemy, Blacksmithing, Enchanting, Engineering, Leatherworking, or Tailoring are roughly equal to witnessing the death of our own sun within one's lifetime.

If the player behind a CGF is too poor to afford a website to sell his goods, he will instead farm items ranging from medium to horrible value and post them in the nearest available in-game player-to-player store (such places being the Auction Houses in World of Warcraft and Final Fantasy XI). All items posted by a CGF are easily identified due to their 500% to 500,000% markup compared to prices set by other players. This, of course, is due to their obsession with acquiring the largest amount of gold in the shortest time possible.

Group play with a CGF is nearly impossible due to their innate desire to fill their pockets with any and all items that drop for the party. There are many signs of being partied with a CGF; be warned, as there are also growing numbers of noobs who exhibit these traits: They are the warriors who cannot hold aggro. They are the priests who cannot heal. They are the mages who run into melee combat. They are the level 50 hunters with a level 10 pet by their side. They are the rogues who spend the duration of the battle picking open and looting a chest. Luckily, once a CGF is found in a group, the leader boots him and begins searching for a replacement. On the off-chance that a CGF is the leader of a group, it is quickly disbanded.
{1. Ironforge - General} {LowPing}: WTS {Blackened Defias Leggings} 7g! In AH now!
{1. Ironforge - General} {LowPing}: WTS {Blackened Defias Leggings} 7g! In AH now!
{1. Ironforge - General} {LowPing}: WTS {Blackened Defias Leggings} 7g! In AH now!
{1. Ironforge - General} {Onderu}: Stupid goldfarmers... they're not worth more than 1g and use the damn Trade Channel!

{VanDuul}: Did you see the price on those {Steel Weapon Chain} plans in there?
{MacFlannel}: Yeah, some Chinese Gold Farmer found 3 and he's charging 1500 gold apiece. Can't believe it.
{VanDuul}: You're just as likely to find 10 of 'em as you are to have 1500g. Stupid farmers.
de Ziggurs 16 mars 2006
 
2.
Usually programs that use scripts such as Glider to move around the world, collecting items and gold. The programs use intelligent behavior patterns to mimic players such as random jumping, joining groups and random phrases. Some programs even have responses incase a <gm> messages them.

Further, these programs can be manipulated with in-game hacks, that are activated after logging into such games that only check for game mismatches when you login and logoff. Thus warp and speed hacks can be used as long as they are turned on after such game checks are passed or not active.

Chinese Gold Farmers is most-likely a stereotypical comment directed at Chinese people since they work for almost nothing. It is thought by the average 12-year old gamer who has their account paid for by their parents or guardian that Chinese often work ridiculous hours at some random job that no one else would do in order to pay for their food, clothes, etc. While this may be true for some family's, a organisation (even if illegally operated) would not waste the time or money to train individuals how to play a game, and provide the accounts to multiple people to play.
Why pay for an account and then pay for someone to work the account?

It should be noted that a gold farmer is someone who is working with a multi-billion dollar industry to further the lives of people who work daily jobs and cannot spend 18 hours a day playing their favourite mmorpg, therefore use the money they make to buy the items or gold they do not have time to gain themselves.
My friend bought 200 gold for $10 and they threw in a Windfury for free.

Blizzard claims that gold farming is illegal, yet it is rumoured that they own 90% of the gold farming websites in order to stop the company from going backrupt.

I bought a Wang Hung, a Chinese Gold Farmer, over the internet for $150 plus airfare from China. I locked him in a cage, gave him a computer and told him that if he doesn't get me 2000 gold by the end of the week, I'd cut his food rations in half. Today gold revenue is up 5000%. I've upgraded Wang Hungs' cell to a full condo and I now live in Hawaii in my 18 million dollar home.
de SexyElf 12 mai 2006
 
3.
Someone who sells you gold (illegally) in WOW or Diablo III. You give them Money and your password and then they transfer the gold to your account. A week later they hack back into your account and take all your stuff, and then sell it to the next poor sap, thus creating an infinite feedback loop.
People who have there account hacked usually previously bought gold from Chinese Gold Farmers.
de Budthestud 1 mai 2013
 
4.
Originating from World of Warcraft. A Chinese gold farmer power levels their character to 60 (or highest level depending if you read this after expansions). Then this character runs instances or certain sections of Kalimdor and the Eastern Kingdoms. They kill and gather anything to make a profit. Their goal is to obtain a steady flow of cash; produce things to sell at the Auction House like a farmer would a crop to market hence classifying them as farmers. A guild known as PK Wang was notorious for this; this could explain the Chinese addition to the term "Chinese Gold Farmer" since the word Wang has been used as a Chinese name for fictional characters such as "Wang Chung". Chinese gold farmers also spend a great deal of time in Orgimmar or Stormwind City spamming their items over and over again.
Farmer yells: “WTS Magister's gloves, Devout Bracers, Flawless Arcanite Rifle, Arcanite Reaper and Heartseeker PST with offers!!"

Player whispers to farmer: Hey man wanna go pvp?

Farmer yells: "Also Arcanite bars x40, Thorium bars x80, runecloth x40,mooncloth x10 and Glowing Brightwood staff"

Farmer whispers: hmmm... I could so sell weapons in there; I would make a killing off potions!

Player: Damn Chinese gold farmers...
de Member of the Horde 14 novembre 2005
 
5.
Originates from World of Warcraft, since people in China have like 8 people on one account, and they cant read the english in the game, they just mine gold for some reason, so everytime someone is found mining gold they are called a chinese gold farmer.

Anyone who automatically accepts anything with yes, is also a chinese gold farmer.
1.Shiet d00d that l@@K at that chinese gold farmer over der!

2.D00d inv1te that chinese gold farmer to our guild he will accpet no matter what!
de Andrew R 22 avril 2005