Binance announced that it will, on November 10, 2026 shut down Binance Pool and related mining services

Article

Binance will November 10 shut down the Bitcoin mining pool and end its 6-year mining business

BlockBeats reports that October 14，Binance announced that it will, on November 10, 2026 day 07: 00（UTC), stop Binance Pool and related services, including Pool Savings, Cloud Mining, Transaction Accelerator, as well as hashrate alerts, email notifications, and mining pool API features.Binance Pool launched in 2020 year April. According to Hashrate Index data, as of 2025 year-end, the pool ranked ninth among Bitcoin mining pools with approximately 26 EH/s of hashrate, accounting for approximately 2.3%。

Binance stated that when the service closes, miner connections will be disconnected and pool addresses deactivated. Hashrate and mining shares submitted after the deadline will no longer be accepted or counted toward earnings. Miners must switch their equipment to another pool in advance, while Pool Savings users must redeem their relevant positions before the service ends. Eligible unsettled rewards, balances, and refunds will be handled subsequently, subject to the platform's rules and relevant compliance reviews.

As part of this adjustment,Binance is expanding its traditional financial business. This year,June，Binance opened trading in more than 7,000 U.S. stocks and ETF to users outside the United States; previously, the platform also shut down its centralized July service in NFT Original link https://m.theblockbeats.info/flash/371649

Key points

Binance announced that it will stop from November 10, 2026 day 07: 00（UTC)Binance stopping Pool and related services.
The shutdown covers Pool Savings, Cloud Mining, Transaction Accelerator, hashrate alerts, email notifications, and mining pool API features.
Binance The mining pool launched in 2020 year April; as of 2025 year-end, it had approximately 26 EH/s of hashrate, accounting for approximately 2.3%。
After the service closes, miner connections and pool addresses will be deactivated. Hashrate and mining shares submitted after the deadline will no longer be accepted or counted toward earnings.
Miners must switch their equipment to another pool in advance, and Pool Savings users must redeem their relevant positions before the service ends.
Eligible unsettled rewards, balances, and refunds will be handled subsequently, subject to the platform's rules and relevant compliance reviews.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

A mining pool is a platform that helps miners combine their computing power and participate jointly in Bitcoin mining.Binance indicates that it will stop this service. Miners using the pool need to switch to another pool in advance; the handling of related balances, rewards, and refunds will also be subject to the platform's rules and compliance reviews.

Why it matters to readers

Affected miners need to migrate their equipment promptly; otherwise, hashrate and shares submitted after the closing time will not be accepted or counted toward earnings. The pool accounts for approximately 2.3%of the network's total hashrate; after the shutdown, miners will need to switch to another pool.

If you use Binance Pool, Cloud Mining, or Pool Savings, you should pay attention to equipment migration, position redemption, and arrangements for handling rewards and balances.

Risks and unknowns

The materials do not specify the timing or detailed procedures for handling eligible unsettled rewards, balances, and refunds.
The materials also mention both “October 14” as the date of the news and “November 10, 2026” as the shutdown time; the two have different meanings.

Binance announced that it will, on November 10, 2026 shut down Binance Pool and related mining services

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Related concepts

Keep following

Security Center