Bad sites depends on the views of person to person. One may thing porn is illegal in other contries it may be legal. So definitely there is no bad sites.

I don't think the TS was looking for some moral instruction on how he should earn money, I think you may have chances of getting warez hosting in the South America or Asia.
But you have to be well aware of the hosting quality, as your site will be neighboring with other "bad" sites...

Find some offshore hosting like niderland or any country that porn is not illegal.