Binance Pool to Shut Down All Mining Services on November 10

Binance Pool Goes Dark on November 10

Binance confirmed on Tuesday, October 13, that it will close Binance Pool, its crypto mining platform, together with every service attached to it. The exchange's official announcement, published on its support portal, sets the shutdown for 07:00 UTC on November 10, 2026, which corresponds to 10:00 in Turkey. From that minute, Stratum connections and all mining endpoints will be disabled. Hashrate submitted after the cutoff will not be processed or rewarded, while valid shares accepted before that point still count toward the final reward calculation under the pool's rules.

The decision is wider than the pool itself. Pool Savings, Cloud Mining and the Transaction Accelerator are retired on the same date, along with hash rate warnings sent through Telegram, email notifications and the mining pool API service. Binance Pool aggregated hash power from distributed miners and paid rewards in return for accepted shares, a model that let retail-scale hardware run on exchange infrastructure without users operating their own settlement systems. The notice covers customers mining Bitcoin (BTC) and other assets rather than a single product.

The timetable leaves 28 days between the announcement and the cutoff. In that window, eligible rewards earned before closure are calculated under each product's rules, while any rewards, refunds and settlement transactions still outstanding are processed after account status, risk controls and legal requirements are reviewed. The notice offers no guarantee that every payout completes automatically at the moment of closure, which makes the sequence of dates material for active users.

Deadlines Miners Must Meet

User action comes in two phases. Active miners are told to terminate their pool connections before November 10 and change the pool address in their device settings so the machines point at an alternative mining pool. Hardware left aimed at the Binance endpoints after the cutoff will keep running, but it will earn nothing. Users with active positions in Pool Savings are advised to cancel subscriptions or withdraw their assets before the service ends, and the Transaction Accelerator disappears for anyone relying on it to push pending transactions through.

Verification has its own clock. Identity checks must be completed by 23:59 UTC on November 10 so that remaining reward, refund and settlement steps can be carried out on time; a missed verification leaves those transactions dependent on the exchange's review of account status, risk controls and legal requirements.

Records have a third deadline. Binance advises every user to download historical mining records and transaction reports in advance. The Binance Pool pages stay viewable for past data and payment statuses until November 24, 2026, at 10:00 Turkey time, after which access to them is removed permanently.

The notice gives no reason for the exit and frames the closure purely as a service change. Spot trading, custody and the rest of the exchange are untouched, and readers who use Binance to buy rather than mine can follow our beginner's guide to buying Bitcoin on Binance without any adjustment.

Hashrate Moves, the Network Does Not

The market consequence here is hashrate geography, not supply. Binance Pool did not secure the network on its own; its users contributed hash power to Bitcoin's proof of work system, and that hash power must now land in other pools. Issuance, difficulty and block production continue as before, and nothing in the announcement touches them. What follows is a reallocation among pool operators that will show up in pool-share statistics over the coming weeks. The commercial question is sharper. The exit removes one of the most convenient on-ramps for retail-scale miners, a segment already squeezed since the 2024 Bitcoin halving cut block subsidies, and Binance has not explained why it is leaving that business. Until the displaced hash rate settles, the shift is a redistribution, not a network event.