Norton Antivirus Brings Ethereum Miner and Digital Wallet | finance

Cryptocurrency mining grew dramatically in 2021, when most digital assets experienced huge valuations and attracted the attention of major institutional investors. With this, more and more methods to carry out the activity are emerging, including some very unexpected ones. More recently, the Norton 360 antivirus program started to integrate the ether mining function (ETH) with the user’s computer GPU.

“Norton Crypto” is the new functionality of Norton 360 antivirus to mine ether (Image: Playback/Norton)

Mining more safely

NortonLifeLock revealed in a press release that the new tool is called “Norton Crypto” and is now emerging to fill a need to mine cryptocurrencies without having to sacrifice your computer’s security, as many programs require all antivirus to be disabled .

“As cryptoeconomics continues to become a more important part of our customers’ lives, we want to enable them to mine cryptocurrencies with Norton, a brand they trust,” said Vincent Pilette, CEO of NortonLifeLock, in the statement. “Norton Crypto is yet another innovative example of how we are expanding our cybersecurity platform to protect our customers’ ever-evolving digital lives.”

Cloud wallet and shipments to Coinbase

The company stated to the The Verge which will store all users’ digital wallets in a secure and encrypted cloud, Norton Wallet. In addition, activity-related earnings will be linked to Coinbase, the largest cryptocurrency exchange in the United States, through which new miners will be able to withdraw their digital currencies.

“We are proud to be the first cybersecurity company to offer miners the ability to safely and easily turn their PC downtime into an opportunity to earn digital coins,” said Gagan Singh, director of product at NortonLifeLock. “With Norton Crypto, our customers can mine cryptocurrencies with just a few clicks, avoiding many barriers to entry into the cryptocurrency ecosystem.”

Initially, the feature is available to registered users in a beta phase and it is only possible to mine ether, the native cryptocurrency of the Ethereum blockchain and currently one of the most interesting for home mining with graphics chips. However, Norton told the CNN which is also considering integrating other digital currency extraction protocols in the future. The tool is expected to be widely available in the coming weeks.

Questions and concerns

However, Norton does not specify exactly what mining process its program will perform. Currently, ether mining difficulty is pretty high and difficult to do alone at home, unless you have a state-of-the-art GPU. Therefore, the BleepingComputer predicts that the activity will aggregate the processing power of all active users in a pool to increase the chances of mining an Ethereum block.

With this, Norton Crypto miners would receive the earnings proportional to their participation and most likely the company will reserve an administrative fee for itself. There are other unanswered questions as well. O BleepingComputer raised concerns about increasing tax rules on cryptocurrency earnings in the United States, while the The Verge he stressed that Norton is setting a dangerous precedent for the most diverse services to start to integrate the mining of digital assets, overloading the graphics chips of its users.

With information: CNN, BleepingCumputer, The Verge

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