Anti-Virus Service Provider Norton Rolls Out Ether Mining Feature

Miners are subject to a 15% fee of the total crypto sent to their wallets for use of Norton's service.

Jun 4, 2021 at 12:53 a.m. UTC
Updated Sep 14, 2021 at 1:06 p.m. UTC

NortonLifeLock, the company behind the Norton Antivirus software, has launched a feature allowing users to mine crypto directly through its platform.

According to a press release on Wednesday, Norton's feature, dubbed Norton Crypto, has begun allowing select Norton 360 customers of its early adopter program to begin mining ether.

Adopters can join a Norton mining pool where they can use the feature on a personal computer to apply its computation power for low-volume crypto mining, a company spokesperson told CoinDesk via email.

The mining pool will pay out miners periodically based on the timing of their participation and the number of shares they are credited via their contribution. Payouts will be allocated to either a Norton Crypto Wallet, generated by the company or a personal one designated by the miner.

Software built into the Norton 360 platform will run when a computer is idle. Once ether has been mined, it can be stored in Norton's wallet via the cloud. Mined coins can also be tracked and extracted to crypto exchange Coinbase.

Miners must pay a 15% fee of the total crypto sent to their wallets for use of Norton's service, according to the company's terms and conditions. Miners should also account for electricity costs, degradation of computer parts and fluctuating crypto prices.

The company said miners have had to previously disable their anti-virus software, opening them to unvetted code from nefarious actors planting ransomware or skimming their mining proceeds.

"Earnings are commonly stored directly on miners’ hard drives where their digital wallet could be lost should it fail," the company said in its release.

Norton Crypto is expected to become available to all Norton 360 customers in the coming weeks and may require certain PC hardware to use the feature, the company said.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
CoinDesk Cardano Price Index (ADX)

CoinDesk - Unknown
2
CoinDesk - Unknown
CoinDesk Smart Contract Platform Select Index (SCPX)

CoinDesk - Unknown
3
CoinDesk - Unknown
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

CoinDesk - Unknown
4
CoinDesk - Unknown
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

CoinDesk - Unknown