Avira Crypto software is a specialized feature of your Avira Product. The feature allows you to use your personal computer’s computation power for low-volume cryptocurrency mining while maintaining the high level of protection provided by your Product.
Avira Crypto is currently available only to select United States users of Avira Products that Avira Holding GmbH & Co. KG , and our parent company NortonLifeLock Inc. (“We” or “Us” or “Our”) have determined meets the minimum system requirements for the Crypto program. Currently, Avira Crypto is limited to mining Ether, which is the cryptocurrency of the Ethereum network.
AVIRA CRYPTO IS A BETA FEATURE AND IS NOT AT THE LEVEL OF PERFORMANCE OR COMPATIBILITY OF A FINAL, GENERALLY AVAILABLE OFFERING AND HAS NOT BEEN THOROUGHLY TESTED. IT MAY CONTAIN DEFECTS OR DEFICIENCIES, SOME OF WHICH CANNOT OR MAY NOT BE CORRECTED. WE ARE NOT OBLIGATED TO CONTINUE PROVIDING YOU WITH THIS OR ANY OTHER BETA FEATURES.
1. What is Cryptocurrency Mining?
Cryptocurrencies are potentially valuable digital tokens based on blockchain technology and secured by cryptographic protocols. Cryptocurrency (or “crypto”) can be used (in some cases) to purchase goods and services or traded for other currencies, including traditional fiat currencies (such as U.S. dollars), on a cryptocurrency exchange. Ether is one form of cryptocurrency.
Some new cryptocurrency, including Ether, is created through a process called “mining” or “crypto-mining.” This process uses computing power to solve complex mathematical problems that are used to verify transactions and add blocks to the blockchain. Those who participate in performing the verification and block addition work are rewarded with newly-created crypto.
Due to the large amount of computing power required for mining, some of the most productive mining is accomplished by combining the computing power of many miners into a group (commonly called a “pool” in crypto-mining terms) and sharing the rewards amongst the miners, (who own “shares” in the “pool”) and the pool operator. As such, We use the words “pool” and “shares” within this document and the Avira Crypto program, but please note that there is no actual entity or “pool” involved in the program, and you will not own any real “shares” or have any equity, voting, or similar rights associated with the program.
2. How Does Avira Crypto Work?
The Avira Crypto software feature is made up of two main parts: The first part is specialized crypto-mining software available through some Avira cyber safety products for personal computers. The crypto-mining software is designed to run whenever your computer is idle. The second part is the crypto-mining “pool” software that is owned and operated by Us in order to create and operate a mining “pool” (as explained above) that utilizes our the computing power of all participating miners.
The pool software divides the mining work into manageable parts and distributes the parts to you and the other Avira Crypto software users. When work on the part is completed by the
Avira Crypto software running on your computer, it is submitted back to the pool for verification. If the part your computer has completed is verified and therefore accepted by the pool, you are credited with what is commonly known in crypto-mining terms as a “share.” The shares have no value themselves; instead, they are used solely as a unit of measurement to calculate potential payouts of Ether.
3. What are the Benefits for You?
Rewards of crypto earned by the pool, if any, are allocated to you based on the timing of your participation, the number of shares you are credited through your contributions, and how much Ether is generated based on those shares. We will periodically transfer your allocation of crypto, if any, to a digital wallet that We create for you. Each of these transfers (commonly known as “payouts”) is subject to Our fee for providing the Avira Crypto mining software. Our fee is currently 15% of the crypto transferred to you. We will notify you ahead of time of any changes in the fees charged.
We do not know how much Ether will be produced or distributed by the program, and both will fluctuate over time depending on the results of the program.
Crypto transferred to your wallet may be taxable. We do not provide tax advice.
4. What Can I Do with the Cryptocurrency in My Wallet?
You can hold any cryptocurrency allocated to you by Avira Crypto in the wallet we create for you, or you may transfer the crypto to a third-party wallet service We have selected for this Product. If you wish to exchange your crypto for a traditional currency (such as U.S. dollars or euros), you can do that on a cryptocurrency exchange. We do not offer exchange services.
Transfers of crypto may result in transaction fees (also known as “gas” fees) paid to the users of the cryptocurrency blockchain network who process the transaction. Transaction fees fluctuate due to cryptocurrency market conditions and other factors. These fees are not set by Us.
5. What Else Should I Know Before I Use Avira Crypto?
USING THE AVIRA CRYPTO MINING SOFTWARE DOES NOT GUARANTEE THAT YOU WILL EARN CRYPTO PAYOUTS OR, IF YOU DO, IN ANY PARTICULAR AMOUNT.
Running the Avira Crypto mining software on your personal computer will cause your computer to consume a significant amount of electricity, which will increase your electric utility costs. Continued use of your computer for crypto-mining may cause computer parts, particularly mechanical parts (like cooling fans) to wear out faster and require more frequent maintenance. It is possible to spend more money on electricity and computer hardware than you earn in cryptocurrency mining.
The exchange rate for cryptocurrencies can fluctuate widely from day-to-day or even minute-to-minute. We have no control over the value of the Ether you receive, and that value may change over time.
The regulatory status of Ether may change over time. We are not responsible for any disruptions in the program or any losses that may occur for you due to changes in the regulatory oversight of crypto.