Safely Mine Crypto On Your PC?

Cybersecurity firm NortonLifeLock will add a cryptocurrency mining feature to its Norton 360 platform. The test group of customers will be able to mine ether (ETH), the second most popular cryptocurrency after bitcoin (BTC).

This announcement strikes me as odd and out of touch with the future. Starting in July, with the EIP-1559 network upgrade, the Ethereum blockchain will begin winding down Proof of Work mining operations as it moves to Proof of Stake. The upgrade has been in the works for quite some time and, as you can imagine, current miners are not happy about it. By the time this new Norton program is widely available, investors will be staking ETH, and GPU mining (if it’s still worth it) will be at least 30% less profitable. Will your PC be able to earn enough ETH to pay for your antivirus software? Maybe there’s a new Norton 360 business model in the works…

 

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Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it. I am not a financial advisor. Nothing in this article should be considered financial advice. If you are considering any type of investment you should conduct your own research and, if necessary, seek the advice of a licensed financial advisor.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, writes a weekly column for Adweek, and is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and he hosts the Shelly Palmer #CryptoWednesday Livestream. Follow @shellypalmer or visit shellypalmer.com.

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