There were posts that got removed yesterday is what he is referring to, I saw them as well, they were unpleasant to say the least, raging at iHub admins, neither here nor there though.
They didn't "get rid of" the website, it was removed from their ownership because they failed to pay a 10 dollar annual fee.
EDIT: It's also why any emails with @goldcoastmining.com are no longer valid and return errors if you try to send an email to that address. No domain fee = no email.
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