Piracy websites have faced backlash for years from governments and companies whose copyrighted properties have been infringed upon. In consequence, few reputable companies seek to do business with them, making it much harder for these types of sites to turn a profit.
That said, some of them have turned to crypto mining for monetization, and according to the latest news, The Pirate Bay (TPB) has once again chosen this mode.
Generally, related sites monetize through subscriptions or donations, mostly in the form of cryptocurrency, but this hasnt worked well for TPB, whose net all-time donations only total 0.26 BTC, which is about $1,461 at current rates.
The sites operators issued a statement citing it as an experiment, but proceeded to intermittently embed the miner.
The Pirate Bay User Concerns and Monetization
According to one TPB user, he noticed that his CPU got really hot after leaving a browser tab open, which led him to investigate the source code, revealing the background miner as the culprit.
Some contributors to the site have expressed their consternation about sharing CPU power without consent (a situation that can cause a hardware overload), while others have seen it as a reasonable way to monetize the site.
The current is reportedly throttled unlike in the past, which makes it less noticeable to many users. According to a Cryptovest investigation, the miner only reportedly works when Adblock is off, and at this time, ads on the site are also viewable.
On how much the site stands to make in a month, calculations estimated 315 million visits a month at 0.00015 XMR per million hashes, would generate about 127.5 XMR at a value of roughly $17,000, at the current exchange rate.
The Pirate Bay has yet to provide an official statement in regard to this new development.
Originally posted on coincentral.com
Follow us on twitter @cryptoiscomin
Signup for our newsletter here