Norton360 antivirus tool will allow its 13 million customers to mine Ethereum

Published at: June 3, 2021

Cybersecurity firm, NortonLifeLock, has launched Norton Crypto, a tool allowing consumers to “safely” mine cryptocurrency through its Norton 360 product.

From Thursday, select 360 users will be invited to join Norton’s early adopter program for Ether mining. Norton also plans to open up the mining service to all of its nearly 13 million 360 customers in the coming months. Norton emphasized that its service allows users to mine without requiring them to switch off their antivirus software.

Speaking to CNN Business, Norton noted it plans to support mining of other “top cryptos that allow our members to get the highest reward for their computing capacity” moving forward, stating:

“While the company will start slow, with a focus on helping customers safely mine Ethereum, NortonLifeLock is considering adding reputable crypto currencies in the future.”

NortonLifeLock chief product officer Vincent Pilette expressed pride in his firm becoming the first cybersecurity company offering services allowing miners “to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency.”

Norton claims to offer superior security features to existing mining protocols, stating: “For years, many coinminers have had to take risks in their quest for cryptocurrency, disabling their security in order to run coinmining and allowing unvetted code on their machines that could be skimming from their earnings or even planting ransomware.”

To help remedy the purported risks, Norton states miners using its product will receive earnings into Norton’s cloud-based wallet, averting risks of the wallet being lost to a hard drive failure.

However, Norton’s claims that existing mining solutions are not vetted appear flawed, with the popular mining software Ethminer having received contributions from 99 different developers since December 2013 — evidencing the code has undergone thorough peer-review.

Tags
Related Posts
Nvidia RTX 3060 mines Ether at full power as miners allegedly bypass hash limits
Nvidia’s attempt to shift Ether (ETH) miners away from its new GeForce RTX 3060 graphics card by limiting its hash rate appears to have been short-lived. Screenshots posted by tech leak Twitter account I_Leak_VN show a stack of eight RTX 3060 graphics cards operating at far above Nvidia’s 20-25 MH/s mining limit, while reportedly using Ethereum’s Dagger-Hashimoto mining algorithm. On the same day, a cryptocurrency-focused Facebook group from Vietnam posted a graphic announcing that the RTX 3060 had indeed been bypassed, and could now reach its full power of 50 MH/s thanks to a mod. Breaking Nvidia’s enforced limits on …
Technology / March 10, 2021
Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all
Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on Friday. The Antminer E9 model is an application-specific integrated circuit chip that will run on the Ethereum blockchain’s Ethash algorithm. No official release date has been announced for the E9 yet, however, the machine’s arrival may not be as impactful as first suspected. The rig faces competition in the form of Nvidia’s CMP (Cryptocurrency Mining Processor) range of GPUs designed specifically for crypto mining. Meanwhile, Ethereum’s scheduled move away from proof-of-work to a proof-of-stake consensus mechanism could mean the E9’s utility will be short-lived. …
Technology / April 16, 2021
Nvidia supply shortage won’t stop $50M Q1 crypto miner sales, says CFO
Nvidia’s ongoing supply problems won’t stop the company from selling $50 million worth of its new CMP chip range in the first quarter of 2021, the company’s chief financial officer Colette Kress forecasted on Feb. 24. Nvidia failed to meet demand from its core gaming customer base in 2020, and the trend looks set to continue into 2021. Added demand from a horde of cryptocurrency enthusiasts keen to direct Nvidia’s new RTX 30 series GPU to Ether (ETH) mining initially appeared to pile pressure on the company. But the firm’s CFO expects the recently announced Cryptocurrency Mining Processor product line …
Technology / Feb. 25, 2021
Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves
In its third-quarter earnings release, Canadian cryptocurrency miner Hut8 announced that it surpassed its goal set earlier this year of holding 5,000 Bitcoins (BTC) in reserves through mining. Its Bitcoin balance now amounts to 5,053, for a total market value of $430 million. During the quarter, Hut 8 generated 50.34 million Canadian dollars (CA$) in revenue and CA$23.37 million in net income, up from CA$5.75 million in revenue and a loss of CA$0.90 million in the prior year's quarter. The company hosts a sizable fleet of Application-Specific Integrated Circuit, or ASIC, machines used for Bitcoin mining. In addition, it deploys …
Technology / Nov. 11, 2021
Nvidia cites limited visibility into crypto mining demand's impact on Q2 results
Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate how much impact reduced crypto mining demand had on its Q2 results, which fell short of analyst expectations. The chip giant released its financial results for the three months ended Jul. 31 on Wednesday, which revealed a 19% quarter-on-quarter drop in revenue to $6.5 billion, while net income fell 59% to $656 million. Revenue for its gaming division, which includes sales of GPUs that can be used for cryptocurrency mining, fell 44% in revenue from the previous quarter to $2.04 billion, which Nvidia attributed to …
Bitcoin / Aug. 25, 2022