According to reports from Binance, the cryptocurrency exchange will discontinue Binance Pool and related mining services at 07:00 UTC on November 10, 2026. The closure will disable mining connections and reject any shares submitted after the cutoff time. Miners must redirect their equipment to another pool before then to avoid an interruption in Bitcoin mining activity, as reported by Binance. The exchange announced the closure on October 13, 2026, giving miners 28 days from announcement to the hard cutoff date. On November 10, all links to Binance Pool on the Binance homepage will be removed, marking the official end of the service. The discontinuation covers the core mining pool alongside a cluster of adjacent products, including Pool Savings, Cloud Mining, and the Transaction Accelerator.
According to Hashrate Index data, Binance Pool's computing power has experienced a 65% decline since December, falling from 26 EH/s to approximately 9 EH/s. This represents a dramatic drop from the pool's peak of 2.3% of Bitcoin's network in December to less than 1% currently, ranking it 11th among all mining pools. The closure follows other industry exits, including SBI Crypto which shut its pool in July after accounting for roughly 2% of Bitcoin's computing power, and OKX which ended mining pool services in February 2024. The remaining 3 largest pools (Foundry USA, AntPool and F2Pool) now represent about 64.2% of the network's computing power, with the closure potentially increasing their combined share to roughly 65% if all of Binance's remaining computing power moves to them.
As reported by Binance, the discontinuation extends beyond the core mining pool to include Pool Savings, Cloud Mining, and Transaction Accelerator services. Additionally, mining pool APIs, Telegram hashrate alerts, and email notifications will also end. Affected products will not generate new rewards, yield, or other service benefits after the cutoff time. Any machine still pointed at Binance Pool past 07:00 UTC on November 10 will effectively be mining into a void, since shares will not be credited. Binance will begin disconnecting mining connections, and Binance Mining Pool Stratum URLs and mining endpoints will be disabled. At 07:00 UTC on November 10, Binance will disconnect mining connections and disable its Stratum URLs and mining endpoints. Hashrate submissions and mining shares received after that time will no longer be accepted, processed, or credited.
According to Binance, eligible mining shares submitted before 07:00 UTC on November 10 will be included in the final reward calculation under applicable Binance Pool rules. The exchange notes that eligible outstanding rewards, balances, refunds, and settlements may be processed after services end, though processing remains subject to product terms, account status, risk controls, compliance checks, and applicable laws. Users with active Pool Savings positions are being asked to unsubscribe and/or redeem their positions before the service ends. Earnings accrued before the shutdown are not being wiped out by the closure itself. Binance is directing users to disconnect from the pool and reconfigure their miners to a different pool before November 10 to avoid interruptions. The closure notice frames the decision as part of a broader product review but does not explain the financial reasons for the shutdown.
As reported by Binance, before 07:00 UTC on November 10, miners should disconnect from Binance Pool and reconfigure their machines to another pool. Users must complete any required identity verification or other account steps by 23:59 UTC on November 10 to help facilitate timely processing of eligible rewards, refunds, or settlements. Binance will process outstanding rewards, balances, refunds or settlements after 07:00 UTC on November 11, with these being subject to applicable product rules, account status, risk controls, compliance checks and applicable laws. Binance Pool pages will remain accessible for 14 days after the service cutoff until 07:00 UTC on November 24 for historical data and account records. During this window, users can still view historical data, account records, and payment statuses before the page goes dark permanently. Binance has not specified an automatic payout timetable or the precise mechanics for final settlements, so users should check relevant product terms rather than assume balances will be paid out in a particular way.
