3 ms·
I'm surprised there isn't any math in this thread on how much they stand to make with this, so I'll try with a bit of napkin math. NortonLifeLock reported 21M
by owenversteeg 5y ago
I'm surprised there isn't any math in this thread on how much they stand to make with this, so I'll try with a bit of napkin math.
NortonLifeLock reported 21M customers in 2021, with 60% using Norton 360 (presumably the rest are using their identity theft products?) so let's call that 12.6 million computers (ignoring multi-computer licenses for simplicity.) You're not going to mine any Ethereum on a CPU, so let's assume we only care about GPUs. Let's say that 20% of users have a PC with a GPU suitable for mining any ETH at all, and within that 20% they have an average of 6GB graphics cards. The internet claims that a 6GB graphics card will average around 26 MH/s for Ethereum, which would have earned $38 in the last month of mining. Assuming Norton gets 25% of users to activate this (which seems high to me) we have around (25% of users activated)*($38 worth of ETH mined/month per gaming PC)*(20% of all PCs are gaming PCs)*(15% Norton pool fees)*(12.6M installed Norton copies) = 0.25*38*0.2*0.15*12.6 = $3.6 million per month, or $43.2 million in profit per year. If they enabled this for everyone I imagine they could easily get into the hundreds of millions of dollars of pure profit per year range.
However, mining on a mid-range graphics card typically isn't profitable once you factor in electricity and the decreased lifespan of the graphics card. So while this is making huge profits for Norton, it's likely costing the users money if they enable it. At $0.10/kWh and 15% pool fees, you're negative on the majority of gaming PCs, and deeply negative on every single non-gaming PC.
Pretty scummy move.
- itronitron 5y agoIt's also worth mentioning that while the ETH is in 'their cloud' Norton is going to consider all of that ETH as theirs. So the total ETH based on your numbers would be 0.25*38*0.2*12.6 = $23.94 million per month or $287 million per year in accumulated ETH assets.
- kseifried 5y agoNorton AntiVirus now includes an Ethereum crypto miner that has several problems including deceptive rewards program and difficulty in uninstalling it. Norton keeps 15% of all Ethereum mining proceeds and "pays" the remainder into a users "Norton Crypto Wallet" which is hosted by Norton. It should be noted that the Norton Crypto Wallet cannot be used to make Ethereum transactions, but can only be used to transfer value to a Coinbase account once a certain minimum threshold of value is accrued. The Norton crypto mining and Norton Crypto Wallet are effectively a gift card system where the money can be withdrawn, but not unless a certain balance is available. It should also be noted that the Norton Crypto mining software is reportedly very difficult to uninstall, requiring administrative level privileges, and even then reports indicate effective removal is difficult.
- itronitron 5y agoI wonder if any lawyers can weigh in here on whether installing crypto mining software on customer computers that have paid for an antivirus product can be considered a contract violation by Norton.