This form of printer was common for home and office use in the 1980s, but they are noisier and more expensive to produce than ink-jet printers. When Hewlett-Packard's patents expired on the steam-propelled photolithographically-produced ink-jet heads, ink-jets were universally adopted for home printers, despite their higher costs of ownership.
The chief advantage of wire-channel impact printers is a low cost of ownership. Unlike ink-jet printers, replacing the ink-source is usually only a few dollars, like replacing a typewriter ribbon.
They are still used where carbon copies are necessary, and because of their low cost of ownership they are commonly used in cash registers to print receipts.
The print resolution ranges from a low of about 50 dots per inch (for receipt printers) to a high of about 300 dots per inch (better than the human eye can see at 14 inches), used on premium graphic printers.
The way the mechanism wears is that ink invades the block. Grit adheres to the ink and slowly causes the channels in the head to wear to ovals or slots. The channels become loose. After about a million characters, even with tungsten blocks and titanium pawls, the printing becomes too unclear to read.