Doesn’t go behind your back, does have a tax.
say it’s running a mining pool, which combines everybody’s computing power to increase the chances of mining a block — when that happens, everybody who contributed power gets a share of the reward. It’s that reward from which Norton is taking its cut.
Pool operators do often take a cut or fee for bringing everyone together. However, the fees are usually closer to 1 or 2 percent, which is obviously significantly lower. And, of course, there’s the elephant in the room: anyone using Norton’s software to mine has already paid the company a subscription fee for its security software .
Even if you had stronger mining hardware and cheaper electricity, Norton’s model could end up being a rough deal. It deposits your cut of Ethereum into your Norton Crypto wallet, but if you want to use it or exchange it for fiat currency you’ll have to cash it out — currently, the only option for that is by transferring it to a Coinbase account. However, doing so will incur a transaction fee that’s charged by the Ethereum network itself.
The deal looks a lot better from Norton’s end, though — as is often the case with crypto, scale is key here. While using the feature may not be particularly profitable for any one individual, if a lot of people try it out, Norton’s cut could add up to a significant sum.
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