“We are proud to be the first consumer Cyber Safety company to offer coin miners the ability to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency,” Gagan Singh, chief product officer at NortonLifeLock.
NortonLifeLock has launched a dedicated cryptocurrency mining add-on for users of the Norton 360 antivirus program.
The mining of Bitcoin (BTC) and other cryptocurrencies such as Ethereum (ETH) are disproportionately under the control of private companies and governments – wealthy entities with massive server farms.
However, reputable cyber-security firm NortonLifeLock is hoping to bring crypto-mining to your desktop.
Introducing: Norton Crypto
Norton announced Wednesday morning that it is launching a new feature for a select group of early customers using the Norton 360 antivirus platform that will allow them to mine Ether on their personal computers.
“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,” Vincent Pilette, CEO of NortonLifeLock.
For now, the new mining feature, dubbed Norton Crypto, will initially only be available to a small group of customers. However, the company has said that it hopes to expand the crypto-mining add-on to all of its nearly 13 million users in the coming months.
Norton Looks To the Future of Cryptocurrency Mining
“While the company will start slow, with a focus on helping customers safely mine Ethereum, NortonLifeLock is considering adding reputable cryptocurrencies in the future.”
Crypto mining typically has been a dicey endeavor for average consumers. There have been concerns about people having their coins stolen after disabling their security to run mining software.
Individual miners also risk having ransomware find its way onto their PCs, and then there is also the more common issue of people losing access to their wallets, either due to lost passwords or private keys.
Norton claims to have solved these problems with its crypto mining tool because it features added security by implementing its very own built-in Norton crypto wallet. This wallet is stored in the cloud as opposed to on an individual’s device of choice.
The timing of the news comes at a tumultuous time for the world of cryptocurrency investing, with BTC, ETH, and altcoins suffering a monthly drop that had been nearly unrivaled in a decade this past May.
Despite bullish headline after bullish headline, worries about increased regulations on crypto from China and the United States have also spooked crypto investors lately.
Simply put, Norton’s announcement to enter the cryptocurrency mining space is a rather timely one.
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