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There's a site that charges a subscription fee for unlimited downloads, judging by the old copy of one of mine they have on there they get their content from usenet. People sometimes ask about it here, so they obviously think it's a legal service. Others ask for voluntary donations, but unless donating gives you access to extra features I can't see many people doing it. The only other way to make money would be through advertising, but I doubt an ebook only service would attract enough advertisers to cover hosting fees never mind anything else.
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