Traffic is one factor but there are other factors that can not be over looked . The best way to find out is to place ads and then you will know how much this traffic gives you
You must have a look at the optimization guide for forums and blogs. You must use several color schemes for the ads and again to monetize such kind of site is not so easy because the CTR is not big but I guess with this huge amount of traffic vinodxx guess is doable.
You definitely can't use adsense for that site. From the looks of it that is a site for sharing links to copyrighted material. I am sure google treats it the same as a warez site.