The Pirate Bay’s Cryptocurrency Mining Revenue

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Those who use the popular website, The Pirate Bay, recently came into the knowledge that the site was using its users CPU power to mine coins.

Since many services that are offered as free use ad revenue to stay afloat, how can The Pirate Bay do the same without ads? Since there is a large and ever-increasing use of ad-block software, these websites have to find alternative ways of raising money.

The Pirate Bay decided to employ a method of getting funding that became quite controversial as it was announced. It seems as though it could become the future of revenue generation, but only time will tell.

Since some forms of advertising slip through the users minds, the uptick in CPU usage set off a few alarms among the users. The use of CPU power did not have anything to do with malware software. The power went to an “experiment” done for the purpose of cryptocurrency mining.

One of the operators behind the experiment stated that “we really want to get rid of all the ads. But we also need enough money to keep the site running. The team at The Pirate Bay only anticipated using 30{7b1a8a58d3ffe2d8e535e80e794d8bc0bf06a3ecc0c2050b83ca37784c6fddca} of any one visitors CPU to help mine the currency, but one error in the coding meant that it was unlimited, thus leading to the high amount of computing power taken.

With 315 million visits per month, TorrentFreak has calculated that with an average visitor time of give minutes, the payout in Monero currency would be 0.00015 (XMR). In other terms, this means that the popular site could be earning around $12,000.

With the popularity of cryptocurrency increasing by the day, it is only fair to assume that this method of earning currency could become the way of the future, but only time will tell.

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