Guesses as to why Norton choose to release a BETA Ethereum mining program right before the end?

I am just curious if as to why Norton waited until the last few months of Etheruem mining before it goes to PoS and ends mining, to release a glitchy BETA Etheruem mining program? It just seems like the dumbest decision ever.  I mean, think about it.  All the work going into fixing the problems with this program, and it is all for naught.  In a couple of months, it will have to be completely scrapped. It is like planting a garden right before an asteroid hits the earth and wipes the planet out. It makes no logical sense.

What is your best guess on why Norton chose now to get into mining Ehtereum?

Thanks for the feedback.  I am shooting for a price of around $10 a plate.  We are in the R&D stage right now.  That plate picture was from a free sampling party we put on to get feedback from Americans.  It is hard for us to be objective because this is our food and we love it.  On that plate was the Churrasquinho, Macarrao (Brazilian noodles), Feijoada (Brazilian Black Beans), and Ensalada Russa (Brazilain potato salad). In Brazil, a plate-like that is called "Prato Feito"  (Prepared Plate), and you can get one at pretty much any hole-in-the-wall restaurant. You just order a "Prato Feito" and choose what meat you want (Beef, Chicken, Fish, Pork).

Our real struggle so far is getting the right kind of meat.  As crazy as it may sound, real Chuarrsquinho is not made with normal beef meat, but is made from Zebu (Bos indicus), also known in the US as Brahma, although in the US most Brahma are hybridized with other European beef cattle. In Brazil, they are closer genetically to the ancestors that came from India. They are also free-range fed on tropical grasses.  Bottom line is, the meat tastes different than what we can get in the US. Also, the cut is not a normal cut you can find in the US, so we are having to work directly with a Mexican carniceria to get the specific cuts. Trying to get the right taste and texture with American beef has been a struggle. We are very close to perfection though. 

Yes, the food truck will make more than crypto, but I believe that success lies in the diversification of revenue streams. As they said in the old days, "Never put all your eggs in one basket". I have many existing streams of passive income that I have developed.  Crypto is just a new venture.  It may not be much, but if you get enough dripping faucets, you can fill up a bathtub. 

Good luck to your son and his Churrasquinho. 

Looks delicious and even though I am known as a cheapskate when going out to eat I think it is worth $10 - $15 dollars for a nice meal. I think the experience of eating something different (for me) like this would be worth even more.


@xjoex

 

Thanks.  Well, it is actually my son's business that I am just financing.  The Covid shutdown of 2020 destroyed his business and forced him into bankruptcy.  He invested everything he and had worked for two years to build his MMA gym and had just gotten into the black financially where he was bringing in enough money to pay bills and take paycheck the month before the government-mandated shutdown.  Since it was a gym, he had to close his doors for a full six months.  He did everything he could trying to stay afloat, but even after the shutdown end, few people returned.  Finally, he had to shut down and the banks were merciless. He tried everything he could to work things out, but the bank just would not deal. It did not matter that a government mandate was the reason his business failed, the bank was downright vicious.  So bankruptcy was his only option.  He has been depressed for a while, with not much motivation.  It is understandable. But he is really excited about this.  Since he has no credit and cannot get loans, I am having to finance it out of pocket.  I believe the business will do very well and the president of the local Chamber of Commerce has offered full support for him.

Churrasquinho is something that Americans have no idea about.  They know about the big fancy Brazilian Churrasco restaurants which are really called "Rodizios" (Rotation or Rotary, in English).  But in Brazil, in most cities, you can go out on the streets in the evening and find little street carts selling Churrascquinho (Little Churrasco) all over the city, just like you can find Hotdog carts on the streets of New York.  I have financed the start-up of several of these since the beginning of Covid for my family members in Brazil that lost their jobs due to Covid.  Here is one of their stands.

churrasquinho cart.jpeg

In Texas though, we are doing a food trailer for US food safety reasons.  But I think it will go over good.  Selling BBQ steak on a stick to Texans should be as easy as selling cigarettes to a smoker. LOL!  We want to keep everything authentic, but at an affordable price.  I believe this will go over very well and be highly successful.  

What would you be willing to pay for something that looked like this from a food trailer that was 100% authentic Brazilian cuisine? 

prato feito.jpg

VonG,

Good luck with your startup business. I do not know anything about Brazilian Churrasquinho but searching the internet gives me a clue and it looks delicious. A food truck also sounds like you will be selling outdoors and moving around.

Also, keep us posted about mining and your adventures there. But I am willing to bet you will make lots more money on Brazilian Churrasquinho than you will with Norton Crypto.

xjoex:

But are you saying that all mining for all cryptocurrencies is kaput?

 

No. For those that have large mining operations that can hash at thousands of MH/s a day, and have all their equipment paid for from past profits, they may be able to eke out a little profit, especially if they mine a coin that gains value.  But Norton Crypto is not a commercial mining software.  Most people that will be using NC are just normal PC users that have a rig with one or two mediocre cards.  I agree that logic would dictate that Norton has a future plan, but unless they have inside information about what is going to happen in the future that nobody else has, it seems like they are taking a massive gamble betting on a horse that is about to die.  Even as it stands right now with Ethereum, I would wager that most people are barely breaking even on Norton Crypto, if not losing money. I have run the numbers more times than I can remember and it is just a bad deal all around no matter how you slice it.  At least it is that way for me. 

For me, NC (Norton crypto) has earned me less than 30% of what I would have earned if I had run any other Ethereum mining software. I tried running other software, but Norton just won't let it run, and I am not comfortable turning Norton off to make a few pennies on ETH.  The reward is just not worth the risk.  So, as soon as I can get my hands on a couple of good GPUs, I am building a mining rig out of one of my older PCs I have laying around and running a Linux miner like NiceHash.  I would not do it just for ETH because there is no way to get a ROI, but because I am going to hedge my bets on a couple of coins that may have the potential to become the next Ethereum.  Basically, it is a gamble.  

My real investment is in the new business that I am financing the start-up of.  I believe it is going to go big.  I am financing the start of the very first authentic Brazilian Churrasquinho food truck in Texas, possibly the US. 

I agree that mining is not the money maker that most people start out thinking it is. From my analysis it is not very profitable for me and would probably cost money when I throw in the extra wear and tear on the hardware. 

But are you saying that all mining for all cryptocurrencies is kaput? I assumed Norton would be continually changing their product to mine any future products and this was just their intro into the field. I myself would not want my AV to also be a mining program but Norton must see profits in doing this and so they turn their AV programmers into mining programmers. Management must see or be hoping for an increase in sales here.

xjoex:

I agree with elkhog that Norton is joining in here for future mining.

 

Mining what in the future?  The best I can tell right now, there is not really much left that is profitable for non-commercial miners like Norton Crypto.  I mean, not even Ethereum is really profitable is profitable with Norton Crypto if you consider the cost of electricity, rig wear and tear, Norton 15% mining fees, and gas fees to get your crypto into coinbase.   Most Norton crypto users are losing money as it is mining ethereum, and that is the best there is on the market. So what is Norton gonna mine next, that is not going to be a complete and utter loss for users?

I agree with elkhog that Norton is joining in here for future mining.

This is their first endeavor into mining and lots of programming hoops to jump through. They stated it was Beta and also they were trying to lure people away from what might be other malware dangerous mining programs. The issues have been many and still continue as to be expected.

Anyone who has jumped on board as a get rich quick scheme reminds me of the gold miners in 1849 in the the gold rush days in Nevada and California. Most went home broke and disgusted and rather filthy. And maybe some made some money but most quit and sought out other means to make money.

Will it get better? Yes I think so.

Big global banking and investors our jumping on band wagon for ETH now with proof of stake on the way ! They got on board ! I think this is  a drop in the bucket for Norton . This is just a gateway for them.  100 % of operating cost can be offset in taxes I would think .