Home Cyber Crime Norton 360 antivirus now lets you mine Ethereum cryptocurrency

Norton 360 antivirus now lets you mine Ethereum cryptocurrency

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NortonLifelock has added the flexibility to mine Ethereum cryptocurrency instantly inside its Norton 360 antivirus program as a strategy to “defend” customers from malicious mining software program.

This new mining function is known as ‘Norton Crypto’ and can be rolling out tomorrow to Norton 360 customers enrolled in Norton’s early adopter program.

When Norton Crypto is enabled, the software program will use the machine’s graphics card (GPU) to mine for Ethereum, which can then be transferred right into a Norton pockets hosted within the cloud.

Norton Crypto feature mining for Ethereum
Norton Crypto function mining for Ethereum

It’s not clear if each machine operating Norton Crypto is mining independently or as a part of a pool of customers for a better likelihood of incomes rewards of Ethereum.

As the problem of mining Ethereum by your self may be very excessive, Norton customers will possible be pooled collectively for better possibilities of mining a block. If Norton is working a pool for this new function, they could take a small payment of all mined Ethereum as is frequent amongst pool operators, making this new function a income generator for the corporate.

As cryptocurrency miners and associated software program are generally flagged by antivirus software program, Norton says that this function permits customers to mine Ethereum with out sacrificing their safety.

“Because the crypto economic system continues to turn out to be a extra vital a part of our clients’ lives, we wish to empower them to mine cryptocurrency with Norton, a model they belief,” stated Vincent Pilette, CEO of NortonLifeLock. “Norton Crypto is one more modern instance of how we’re increasing our Cyber Security platform to guard our clients’ ever-evolving digital lives.”

Nevertheless, Norton 360 customers who allow this function to mine Ethereum could also be in for a shock through the tax season.

Within the USA, mined cryptocurrency is considered by the IRS as a taxable occasion and should be reported on tax returns as revenue.

BleepingComputer has contacted NortonLifelock with questions associated to how the mining will work however has not heard again right now.



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