Top 5 Bitcoin mining pools in France

France has taken an active stance on cryptocurrencies. Last year, the government of the country legalized the transfer of assets through blockchain and established a workgroup to study the technology. One more step was taken – the government substantially reduced tax applied to Bitcoin operations, from 45% to 19%.

Let’s see which Bitcoin mining pools are the most profitable and which of them are located in France.
 

What is a mining pool?

2009 differs a lot from 2018 in terms of Bitcoin mining. As there are only 5 million coins left to be mined, the complexity of the algorithm required for making the next record in the ledger is constantly growing. Therefore, irrespective of the number of graphics cards or ASICs you have, it is hardly possible to find a block on your own, or you might have to spend several years on this task. That’s why, to increase Bitcoin mining speed, miners unite in pools.

A mining pool is a server that divides the execution of a complex algorithm aimed at recording the next block in the ledger in small tasks between all connected devices. After a block is mined, every participant of the pool receives remuneration proportionally to the resources he or she spent on hashing, i.e. generating of a record in the ledger.

Unlike individual mining, a whole team works on the task in pools, and every participant is awarded depending on his or her contribution to the mining of a block.

A mining pool is a server that divides the execution of a complex algorithm aimed at recording the next block in the ledger in small tasks between all connected devices. After a block is mined, every participant of the pool receives remuneration proportionally to the resources he or she spent on hashing, i.e. generating of a record in the ledger.

Unlike individual mining, a whole team works on the task in pools, and every participant is awarded depending on his or her contribution to the mining of a block.

There are over 1500 different pools in the world, so before you make your choice, always pay attention to the following criteria:

• Define the hash power of the pool. It influences the profit you can make from mining. The higher the power, the more coins you will mine. For this purpose, you should learn the statistics and analytics of pools;
• Assess your hardware. As the profit is divided proportionally to the applied power, you need to make sure that your hardware will make a sufficient contribution to repay the expenditures on electricity consumed during mining;
• Learn all about withdrawal and distribution of funds as well as fees taken by the pool.
   

The most profitable Bitcoin mining pools

Miners can join different pools depending on their preferences and goals. If you are based in France, you can connect to any large server wherever it is located. According to data of the independent source blockchain.info, the most popular and profitable Bitcoin mining pools have the following market shares:

Summary of characteristics for the largest pools:

     1. BTC.com – the largest and fastest growing Bitcoin mining pool owned by the group of Chinese investors from Bitmain Technology.

Hash rate – 7,971.17 PH/s, total share – 26.06%.

     2. Antpool – this pool also belongs to the Chinese company Bitmain Technology. One of the additional functions offered by the server is individual mining, where the reward for the mined block goes to the participant that made a record in blockchain. However, in this case chances are high to receive no profit at all, as the likelihood of generating a block independently is extremely low.

Hash rate – 4,894.43 PH/s, total share – 16%.

     3. F2Pool (Discus fish) is also a Chinese service that stands out for its transparency and simplicity. It allows withdrawing funds even without registering on the website. One of the things that differentiate this pool from the others is that developers recommend users to withdraw the earned coins straightaway, as in 90 days unwithdrawn funds are transferred for the further development of the project.

Hash rate – 2,991.04 PH/s, total share – 9.78%.

     4. SlushPool is the first Bitcoin mining pool in the market with servers based in the Czech Republic. It has been functioning since 2010 and still enjoys popularity. Remarkably, the pool has been taking 2% fee for quite a long time now.

Hash rate – 2,791.50 PH/s, total share – 9.13%.

     5. ViaBTC is a relatively new pool working since 2016. Its Chinese investors take care about the safety of miners’ assets, being among the first to take measures intended to secure the funds of contributors during the hardfork in the Bitcoin network.

Hash rate – 2,524.78 PH/s, total share – 8.26%.
 

The largest mining pools in France

Pools allow mining different cryptocurrencies, not only Bitcoin, and there is no substantial difference as to where the servers are based. The most important thing for miners is to get their remuneration, which is dependent on the spent resources.

However, if you want to join a French pool, you can choose from two large servers for mining altcoins.

1. Crypto-Pool. Here you can mine Monero, which is traded for around $180 per coin at exchanges. The blockchain uses a simpler mining algorithm, so you do not need to have a mining farm to generate a record in the ledger. A powerful processor would be enough. The hash rate is 2.40 MH/sec. Blocks are mined every 6 hours and 2% fee is taken for withdrawals.

2. ZEC.suprnova is a French server for mining Zcash. Currently, one Zcash coin is equal to $344. The hash rate is 6.18 MH/sec.