{"id":2903,"date":"2021-06-04T11:07:28","date_gmt":"2021-06-04T11:07:28","guid":{"rendered":"https:\/\/geekytechnews.com\/?p=2903"},"modified":"2021-07-12T02:29:17","modified_gmt":"2021-07-12T02:29:17","slug":"norton-antivirus-software-announces-ethereum-cryptocurrency-mining-feature","status":"publish","type":"post","link":"https:\/\/geekytechnews.com\/?p=2903","title":{"rendered":"Norton Antivirus Software Announces Cryptocurrency Mining Feature"},"content":{"rendered":"

Norton customers and cryptocurrency enthusiasts have been surprised by this announcement from one of the world’s most widely-used\u00a0most widely-used anti-virus software companies.<\/p>\n

The company has just announced that Norton 360 users will gain access to a feature that allows them to mine Ethereum with their computers within the next few weeks. With this feature, users will be able to\u00a0mine cryptocurrency, a process that uses their computer to do complicated calculations that earn them a reward in Ethereum cryptocurrency.<\/p>\n

This is a major pivot from the software\u2019s previous days of identifying common mining programs as dangerous, forcing users turn off their security software in order to continue mining.<\/p>\n

A Better Mining System<\/strong><\/h2>\n

It can be very difficult for individuals to mine Ethereum, but Norton\u2019s announcement suggests that their software will use a pool system. With this model, many miners would combine their computing power and split the reward at the end.<\/p>\n

This model would take advantage of Norton\u2019s millions of users in order to create a new source of income\u00a0for users and the company.<\/p>\n

In a statement, Norton product executive Gagan Singh mentioned that this system will remove many of the barriers to entry in cryptocurrency mining, allowing customers to enter the ecosystem more easily.<\/p>\n

Unexpected Costs?\u00a0<\/strong><\/h2>\n

 <\/p>\n

Norton\u2019s new proposal offers a variety of potential options for income, but there may be drawbacks involved as well.<\/p>\n

Firstly, the mining process uses a large amount of energy. Depending on how the system is structured, this may create higher energy bills for consumers who may not expect it.<\/p>\n

In addition, consumers may not know that cryptocurrency income is taxable and reportable in the U.S., causing a potential hassle for customers who may not expect it.<\/p>\n

Norton would be the first cyber-security company to introduce a cryptocurrency mining system like this to its customers, creating a potential for new possibilities in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Norton customers and cryptocurrency enthusiasts have been surprised by this announcement from one of the world’s most widely-used\u00a0most widely-used anti-virus software companies. The company has just announced that Norton 360 users will gain access to a feature that allows them to mine Ethereum with their computers within the next few weeks. With this feature, users […]<\/p>\n","protected":false},"author":2,"featured_media":2908,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[],"yoast_head":"\nNorton Antivirus Software Announces Cryptocurrency Mining Feature<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/geekytechnews.com\/?p=2903\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Norton Antivirus Software Announces Cryptocurrency Mining Feature\" \/>\n<meta property=\"og:description\" content=\"Norton customers and cryptocurrency enthusiasts have been surprised by this announcement from one of the world’s most widely-used\u00a0most widely-used anti-virus software companies. The company has just announced that Norton 360 users will gain access to a feature that allows them to mine Ethereum with their computers within the next few weeks. 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