Binance Pool officially shuts down; services including Cloud Mining cease operations
BIBIBI
AT A GLANCE
The evidence states that Binance Pool has shut down, related services have ceased operations, and miners must switch mining pools by November 10.
Article
Even Binance could not withstand it: mining pools are becoming a "public-interest business"
Binance Pool has officially shut down. Cloud Mining, Mining Pool Treasure, and Transaction Accelerator have all ceased operations. Miners must switch mining pools by November 10; actual hashrate is only 9EH/s, accelerating the industry reshuffle and highlighting mining pools' profitability challenges and the decentralization paradox.
The headline states, “Even Binance could not withstand it: mining pools are becoming a ‘public-interest business.’”
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The text states that Binance Pool has officially shut down.
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Cloud Mining, Mining Pool Treasure, and Transaction Accelerator have all ceased operations.
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Miners must switch mining pools by November 10.
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The text states that actual hashrate is only 9EH/s。
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The text states that the industry reshuffle is accelerating and points to mining pools' profitability challenges and the decentralization paradox.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A mining pool is a service through which miners pool hashrate, participate in mining jointly, and distribute rewards. According to the evidence, Binance Pool and related services have ceased operations, and miners need to switch to other mining pools by November 10.
Why it matters to readers
If the related claims are true, miners may need to select mining pools again, and the distribution of hashrate among mining pools may also change; however, the evidence provides no official announcement or independent verification.
Beginners can first focus on points: whether the services have indeed shut down, the deadline for switching, and whether 9EH/s the hashrate data has an independent source.
Risks and unknowns
Whether this information has been officially confirmed by Binance cannot be determined from the evidence.
The evidence does not provide verification from official service pages regarding the scope of the shutdown or whether all services have ceased operations.
9EH/s The source of the actual hashrate data cannot be determined from the evidence.
Whether miners' hashrate will migrate to other mining pools cannot be determined from the evidence.
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Related concepts
Mining pool
This term is not in the glossary yet. Browse related concepts in the glossary.
