Binance Pool to Cease Bitcoin Mining Services on November 10, 2026
What happened
Binance Pool will cease operations on November 10, 2026, at 07:00 UTC, affecting miners who must migrate their hashrate.
The Context
- Closure of services: Binance Pool's shutdown includes its Bitcoin mining services and related products, impacting miners with approximately 9.2 EH/s of hashrate.
- Historical performance: The pool peaked at 26 EH/s in December 2025 but has since declined, now representing less than 1% of the Bitcoin network.
- Market dynamics: The remaining hashrate is expected to consolidate among major pools like Foundry USA, AntPool, and F2Pool, which already control about 64.2% of the network.
The Number
— This figure represents Binance Pool's hashrate in October 2026, highlighting its diminished role in the Bitcoin mining landscape.
Takeaway
As Binance Pool closes, miners must swiftly adapt to new pools to maintain their operations and rewards.
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