![]() As noted by the BBC, it looks like NortonLifeLock will get around the problem by combining miners’ computing power into a “pool” and divvying up earnings. Norton Crypto users may not fully understand how the software works, the impact that cryptomining has on their computer’s lifespan, the tax requirements for cryptomining, or the risks involved with crypto trading.Īt its launch, Norton Crypto will only produce Ethereum, which is difficult to mine on a single laptop or desktop. They will only use Norton Crypto because it came preinstalled on their computer and, at a glance, produces free money. Still, NortonLifeLock CEO Vincent Pilette insists the opposite-“Norton Crypto is yet another innovative example of how we are expanding our Cyber Safety platform to protect our customers’ ever-evolving digital lives.”īut let’s be realistic for a second-the kind of people who will use Norton Crypto probably wouldn’t go out of their way to download a spooky, “unvetted” cryptomining software. ![]() It doesn’t take a computer wiz to realize that cryptominers aren’t cybersecurity tools. You can then sell the digital coins for real-world profit. The risky pay-off is that any cryptocurrency you earn, whether it’s Bitcoin, Ethereum, or Dogecoin, may increase in value depending on the volatile crypto market. It may sound like free money, but cryptomining software requires energy and can shorten the lifespan of computer hardware. So not only is Norton encouraging its probably-not-tech-savvy customers to waste their electricity on at-home cryptomining, but it’s taking a massive stake of all earned coins.Ĭryptomining software uses a computer’s resources to solve complex puzzles and earn digital currency. That’s genuinely insane-most mining pools take a 1% fee. Bear in mind that Norton 360 costs $100 a year, it’s not a free antivirus software.Īdditionally, Norton now says that it takes a 15% commission from all the cryptocurrency its customers produce (plus an additional fee to transfer coins to another wallet). It’s also difficult to uninstall you have to manually delete NCrypt.exe from your computer’s directory. Norton claims the cryptominer is opt-in only, and while you can disable the feature at any time, it installs on your system without asking. Update, 1/5/22 9:46 am Eastern: Now that Norton Crypto is available to all Norton 360 customers in the United States, it’s pretty clear that this is a terrible and user-hostile hunk of junk. In its press release, NortonLifeLock says that Norton Crypto will empower people to mine with a “brand they trust” instead of taking risks and running “unvetted code” on their computers. Norton 360, the somewhat-frustrating antivirus software that comes preinstalled on many Windows computers, will soon have a built-in Ethereum cryptominer.
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