As cryptocurrency mining becomes more closely associated with ‘pirate’ sites, some private torrent trackers are implementing an interesting solution to their own economic problems. Through the use of miners, users are able to generate revenue for a site but they’re also given so-called ‘upload credit’ in return, which in itself is a virtual currency variant used to ‘buy’ content.
In a surprise move, The Pirate Bay decided to add a cryptocurrency miner to its website last weekend. The notorious torrent site wanted to see whether this could replace the ads on the site. A controversial idea, but how much money can a site like The Pirate Bay make through mining?
Following in the footsteps of The Pirate Bay, streaming link search engine Alluc has also added a cryptocurrency miner, hoping to generate some extra revenue through its visitors. This begs the question: Are these cryptocurrency miners the future for pirate sites?
BitTorrent inventor Bram Cohen has already earned a spot in the Internet hall of fame, but he’s not done yet. In recent years he’s taken a strong interest in cryptocurrencies, something he will devote himself full-time to in the near future. This includes launching a new cryptocurrency which addresses some of the challenges facing Bitcoin.