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It'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
by itronitron 5y ago
It'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 The Norton crypto mining and Norton Crypto Wallet are effectively a gift card system where the money can be withdrawn, but not unless a certain balance is available.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.