There were rumors that Newzbin had 700,000 members but it was not true. Newzbin2 gained from that only about 100,000 members of which about 40,000 were active users.
Newzbin2 had unstable servers and lack of funds to replace them. This meant sometimes the unavailability or malfunction of service.
As you know the action is not only the equipment. It is primarily the people performing administrative functions and editing NZB and NFO files. MPA lawsuits and accusations of piracy meant that coworkers began to leave the project.
MPA filed a lawsuit against PayPal payment service. MPA intends to do the same thing against the other payment operator for Newzbin2: Kthxbai Ltd. Newzbin2 was deprived of the flow of funds through PayPal and Kthxbai.
The project called Newzbin2 had to fall with no money and no people. Also for this reason, they did not automate. They kept an outdated, labor-intensive system. If they had high degree of auto-indexing combined with human verification, Newzbin2 could have been a much better site and run at a fraction of the cost.
It is with regret that we announce the closure of Newzbin2.
A combination of several factors has made this the only option. For a long time we have struggled with poor indexing of Usenet, poor numbers of reports caused by the majority of our editors dropping out & no-one replacing them. Our servers have been unstable and crashing on a regular basis meaning the NZBs & NFOs are unavailable for long periods and we don’t have the money to replace them.
Newzbin2 was always hoped to be a viable underground commercial venture. The figures just don’t stack up. Newzbin1 was said to have had 700,000 registered users. In fact that was the total number of people who ever signed up in the history of Newzbin from 2000 onwards & only a fraction were active, loads of people dropped out & went to other sites. We reckon they had about 100,000 users and of those only a few 10′s of thousands paid premium topups.That still made good money for the Newzbin1 guys. We never quite got the trust and lots of people said “Newzbin2 is an MPA trap”, that stung us bad and we never got the userbase back. We don’t have much more than about 40000 active users and the number of premium users is in the small thousands. It costs much more to run than we bring in, It just doesn’t stack up.
To make things worse all our payment providers dropped out or started running scared. The MPA sued Paypal and are going at our innocent payment provider Kthxbai Ltd in the UK. Our other payment provider has understandably lost their nerve. Result? We have no more payment providers to offer & no realistic means of taking money (no, Bitcoin isn’t credible as it’s just too hard for 90% of people).
The tragedy is this: unlike Newzbin1 we are 100% DMCA compliant. We have acted on every DMCA notice we received without stalling or playing games: if there was a DMCA complaint the report was gone. Period. That was a condition of our advertising & payment partners so we complied but we never got a single complaint from the MPA. Not one.
Will we be back? not as a search service but we might run a blog from this site at some point.