Binance Pool Found One Bitcoin (BTC) Block in a Week Ahead of Shutdown

One Block in Seven Days

Binance Pool has found a single Bitcoin (BTC) block over the past seven days, a near-silent finish for the mining service the exchange has scheduled to close on November 10. On-chain data shows the pool produced one of roughly 925 blocks found across the network during the seven-day window, a share of about 0.11%, and it has discovered none in the latest 24 hours. Binance opened the pool in April 2020, and at its peak it carried more than 2% of the entire network's computing power; the one-block week marks a near-total withdrawal ahead of the deadline. Its most recent identified block was block 974,743, mined at 01:15 UTC on November 6, carrying 1,353 transactions and paying approximately 3.134 BTC in rewards, the fixed subsidy set by the Bitcoin halving schedule plus transaction fees. Binance built the operation as part of a push to capture hashrate alongside its spot trading business, which made the company one of the few large crypto exchanges to run a major mining service. Per the company's official October announcement, miners connected to the pool will be disconnected at 07:00 UTC on Tuesday, the moment block-reward services end. The same notice retires cloud mining, pool savings and the pool's transaction accelerator, so the shutdown covers every product the pool ran, not only direct block rewards. The shutdown is total: no product under the pool umbrella survives the notice, and Binance has not announced a successor service. A mining pool combines hashrate from many independent miners and splits rewards by contribution, which is how smaller operators earned steadier payouts through Binance's service. The Bitcoin (BTC) price story sits apart from this news, which is about infrastructure rather than the market.

The decline has been underway for months, and the hashrate record shows it plainly: computing power stood at roughly 26 exahashes per second (EH/s) in December 2025 and had fallen to about 9.2 EH/s by October, a drop of approximately 65%. Crypto mining pools work by combining computing power from independent participants, whose machines are typically ASIC mining rigs purpose-built for the SHA-256 algorithm, and those machines can be redirected to another provider without being switched off. That flexibility shapes what happens after November 10. Binance's exit strands no hardware; it sends its miners looking for a new home, and the natural candidates are the operators that already dominate daily production on the Bitcoin (BTC) network: Foundry USA, AntPool and F2Pool. Those three operators already carry substantial shares of daily production, so incoming hashrate would raise their totals further. A fuller share of blocks flowing to them would extend a concentration pattern the industry has watched for years, because the largest pools decide which transactions enter each block. One caveat applies to the weekly figure itself: block discovery is random, and a seven-day window with a single block cannot establish exactly how much capacity Binance Pool still carries, since a small operator can go quiet for a week by chance. The ten-month hashrate trend is therefore the stronger evidence of the pool's trajectory, while the block count confirms it has already faded to a rounding error in daily output. The closure notice covers the pool only, so spot trading on the exchange is untouched, and readers who follow the usual how to buy Bitcoin on Binance steps sit outside its scope.

Hashrate Shift Toward Foundry and AntPool

COINOTAG's reading: the shutdown removes one of the few exchange-branded pools from a network where block production already clusters among a handful of large operators. The hashrate survives, because hardware does not switch off; what changes is the map of who finds blocks. If the capacity leaving Binance Pool lands with Foundry USA, AntPool or F2Pool, concentration deepens, and with it the influence those pools hold over transaction selection. The 65% decline from December 2025 to October is the cleaner signal here, since single-week block counts move with luck. Miners who have not moved by then lose payouts from that provider, not their machines' earning power. Binance has not said whether any successor service will replace the pool. The pool stays live until 07:00 UTC on Tuesday, November 10; after that, its block-reward, cloud mining, pool savings and accelerator services go dark for good.