After doing some more quests, I've got to say you managed to make it worse. Quests now require three times as much effort, but only reward about 2 (plus some change) times the rewards. On top of that, the maximum amount of quests has been reduced to 3 so you can't actually achieve what you did before on a daily basis, in terms of rewards, but you actually have to spend more in terms of turn in items and effort......
yeah not a big fan. Hopefully some more proper balancing will happen soon.