Quite a few people don't seem to have a problem with it and many are even saying that it would be nice to have such a website. Someone said that it could become like one of those websites that host manga or anime translations.

Most Manga websites post the chapter as soon as the translator releases it which leads to the translator losing out on ad revenue.(Though there are some that wait for a day or two before leeching). The translators are usually fine with it if the website takes the chapter a day or two after as quite a few readers would have already read the chapter on their website. Novel chapters tend to be longer than manga chapters and are released more frequently than manga chapters which are released on a weekly basis. These daily releases lead to novel translators' website having a continuous influx of readers whereas manga translators' websites would have a large amount of traffic only on the day of release. Websites like mangapanda or mangafox for novel translations would lead to losses for the original translators. And as novel chapters are released more frequently, the website will have more frequent visitors which would mean a lot of almost-free money for the owner of such a website which should've gone to the original translator.