How Did A Bit Torrent Site Take Users To Mine Cryptocurrencies
The Pirate Bay is testing out a new unconventional way of raising money: hijacking various visitors’ web browsers to “mine” cryptocurrencies.
TorrentFreak a website for discussing bit torrent is documenting that the piracy site has introduced a piece of software that swiftly uses the processing power of users’ computers to make some extra cash for the site.
Cryptocurrencies don’t have any central financial institute or regulatory power. Rather, people on the network are encouraged to contribute to the network’s upkeep by offering their computers’ processing power in exchange for a chance to “mine” coins or currency.
This is what the software The Pirate Bay has introduced is doing — yet it makes use of other users computer hardware to do so, instead of its own.
The Pirate Bay informed TorrentFreak that the miner was a short analysis as it searches other ways to generate capital. The site has been under attack for years, jumping from web domain to web domain as it plays a game of cat-and-mouse with authorities trying to shut it down for good.
Mainstream advertisers do not need to go anywhere near it, for obvious reasons, meaning it has to look elsewhere for funds.
But some users aren’t happy with The Pirate Bay’s decision to introduce the mining software without talking to the community first.
“What an entitled and absolutely dumbass move,” one person wrote on Reddit.
“Scummy motherf—ers gone way too far,” wrote another. “F— you TPB.”
The Pirate Bay’s mining software was developed by Coinhive, however, it isn’t the only company investigating with using web visitors’ computers to mine cryptocurrencies. As PC Mag recently reported, some malicious web adverts are also now surreptitiously mining bitcoin on viewers’ computers.