Binance closes mining pool November 10, miners must switch pools

2 min

Binance will shut down its mining pool and related services at 07:00 UTC on November 10, 2026. Miners must redirect their machines before the cutoff to avoid interrupted payouts and uncredited shares.

Key date and scope

Announcement date: October 13, 2026. Shutdown time: 07:00 UTC on November 10, 2026. The closure covers Binance Pool’s block-reward service and multiple adjunct products.

Services ending

Pool Savings
Cloud Mining
Transaction Accelerator
Mining pool APIs
Hashrate alerts

Required actions for miners

Reconfigure miners from Binance Pool endpoints to another pool before the deadline. After the cutoff, Binance Pool will not accept or credit new hashrate or share submissions.

Funds and rewards handling

Users should resolve active savings positions and confirm account readiness to receive outstanding rewards or refunds. Binance states eligible balances will be processed under each product’s terms and compliance requirements. Balances do not disappear at the moment of shutdown.

Rationale and context

Binance frames the exit as part of an ongoing product review. The notice does not attribute the decision to a specific hashrate decline. Assertions about commercial motives lack confirmation.

What does not change

The announcement does not affect Binance’s Bitcoin exchange or spot trading operations. It is a withdrawal from mining-services offerings only.

Network impact

Hashrate connected to Binance Pool will migrate to other pools. The redistribution may shift pool market shares near the cutoff. Bitcoin network security and issuance remain governed by total network hashrate and difficulty adjustments, which are unaffected by the closure of a single pool.

Source context: Binance communicated the shutdown and instructed miners to repoint hashrate and manage product balances by the stated deadline. The exchange exchange remains operational for trading.