Quick answer: In the Binance Pool shutdown, Binance will close its mining pool, Pool Savings, Cloud Mining and Transaction Accelerator on Nov. 10, 2026, at 07:00 UTC, it said on Oct. 13. Miners must point their machines at another pool before then, and records stay viewable until Nov. 24.
The Binance Pool shutdown is set for Nov. 10, 2026, at 07:00 UTC, Binance said on Oct. 13. Miners who still point machines at the pool have four weeks to move, because shares sent after the cutoff will not be credited.
The closure also takes down Pool Savings, Cloud Mining and the Transaction Accelerator, according to The Block, which cited Binance’s notice. Binance gave no specific reason beyond an “ongoing review” of its products.
What happened with the Binance Pool shutdown?
Binance posted the official announcement on Tuesday. On Nov. 10 at 07:00 UTC, it will disable its Stratum addresses and mining endpoints. As a result, machines still connected will stop earning.
Several smaller features also go dark at the same time. These include Telegram hashrate alerts, email notices and the mining pool API, Cointelegraph reported. In addition, Pool Savings and Cloud Mining products will stop paying rewards or yield.
Binance said it will still process eligible rewards, refunds and settlements after the cutoff. However, that depends on product terms and compliance checks. The pool pages stay online for 14 days, until Nov. 24 at 07:00 UTC. After that, they become permanently unavailable.
The pool launched in April 2020, first for Bitcoin and later for other coins, crypto.news noted. So the Binance Pool shutdown ends a six-year run.
Why the Binance Pool shutdown matters less than it once would
Our read of the data is simple: Binance is closing a business that its miners had already been leaving. In other words, the announcement formalizes a long retreat.
At its weekly peak, in late November 2022, Binance Pool found 13.9% of all Bitcoin blocks, mempool.space data shows. It averaged 11.6% across 2022. By 2025, however, its average share had fallen to about 1.9%.
The slide sped up just before the news. In the past 30 days, the pool found 47 of 4,428 blocks, or 1.1%, which ranks it 13th. Over the last seven days, it found only nine of 1,072 blocks. For comparison, its weekly share was above 2.5% in late August.
In practice, that means the network barely notices. Mempool.space puts total Bitcoin hashrate near 1,043 EH/s. Binance Pool’s seven-day estimate is about 13 EH/s, roughly 1.3% of that total. Consequently, blocks will keep arriving on schedule, since the machines simply move elsewhere.
Data and context: where the hashrate may go
| Mining pool | Share of blocks, last 30 days |
|---|---|
| Foundry USA | 25.5% |
| AntPool | 20.7% |
| F2Pool | 16.2% |
| ViaBTC | 9.2% |
| SpiderPool | 7.2% |
| Binance Pool (13th) | 1.1% |
Source: mempool.space, 4,428 blocks to Oct. 13, 2026, 17:10 UTC.
Instead, the bigger question is concentration. The top three pools found about 62% of blocks in the past month. Therefore, if Binance’s remaining miners join the leaders, that share edges higher, although only slightly.
Meanwhile, the market is calm. At 17:13 UTC on Oct. 13, bitcoin traded at $83,107 on CoinGecko, up 0.7% in 24 hours. BNB was at $742, down 0.4%. For more on this week’s price action, see our bitcoin rebound report.
The move also fits a wider trend. Crypto firms keep trimming side products, as with the Blur frontend shutdown announced a day earlier. Likewise, some miners are steering capital toward AI, as seen in the MARA and Galaxy transfer story.
What to watch next
- Pool migration. Watch which pools gain share in late October. A jump at one large pool would raise centralization concerns.
- Cloud Mining refunds. Cloud Mining buyers rented exposure rather than owning machines. So the key detail is how Binance settles open contracts.
- Transaction Accelerator users. Anyone who paid Binance to speed up stuck transactions will need another tool. Bitcoin’s own fee bumping, such as replace-by-fee, still works in many wallets.
- Payout records. Download your history before Nov. 24. Tax filings often need it.
If you receive payouts to an exchange account, this is also a good moment to review custody. Our self-custody wallet guide explains the basics.
Binance Pool shutdown FAQ
When does Binance Pool shut down?
Binance Pool closes on Nov. 10, 2026, at 07:00 UTC. After that, Binance will not accept or credit hashrate or shares. Pool pages remain viewable until Nov. 24, 2026, at 07:00 UTC.
What happens to my Pool Savings or Cloud Mining balance?
Binance told users to redeem or unsubscribe from Pool Savings before Nov. 10. It said eligible rewards, refunds and settlements will be processed after the shutdown, subject to product terms and compliance checks.
Will the Binance Pool shutdown affect Bitcoin’s hashrate?
Only slightly, if at all. Binance Pool found about 1.1% of blocks in the past 30 days, per mempool.space. Most of that hashrate is likely to reconnect to other pools rather than switch off.
This article is for information only. It is not financial advice. Always do your own research (DYOR).
Sources
- Binance: Notice on discontinuation of Binance Pool and related services (Oct. 13, 2026)
- The Block: Binance to shut down mining pool, cloud mining and related services (Oct. 13, 2026)
- Cointelegraph: Binance to shut down crypto mining pool services in November (Oct. 13, 2026)
- crypto.news: Binance to shut down its crypto mining pool on Nov. 10 (Oct. 13, 2026)
- Crypto Briefing: Binance to shut down Binance Pool and related mining services on November 10
- mempool.space: Binance Pool mining statistics
- CoinGecko: Bitcoin price
