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Thursday, July 29, 2021

Norton Unveils Ethereum Mining Products and Services

Anti-virus software company NortonLifeLock has unveiled a new feature dubbed Norton Crypto allowing a select group of early customers to mine Ether directly through its Norton 360 platform.

“As the crypto economy continues to become a more important part of our customers’ lives, we want to empower them to mine cryptocurrency with Norton, a brand they trust,” said Vincent Pilette, CEO of NortonLifeLock, in a statement on Wednesday.

Adopters will be joining a Norton mining pool to be able to use the feature on their personal computer, allowing its computation power to mine for low volume Ether. The feature will run whenever a user’s computer is idle.

Norton’s mining pool will be paying out miners based on the timing of their participation and the number of shares they are credited.

Payouts will be allocated to either a company-generated Norton Crypto Wallet or a personal wallet assigned by the miner.

Miners will be paying a 15 percent fee of the total crypto sent to their wallets as payment for using Norton’s service. They would also shoulder the electricity costs, degradation of computer parts, and fluctuating crypto prices.

The company said it will be expanding the availability of the new feature to all of its nearly 13 million Norton 360 users in the succeeding months.

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