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TL;DR: Binance will discontinue its mining pool and associated companies at 07:00 UTC on November 10, 2026. Miners should redirect their machines earlier than the shutdown to keep away from an interruption in mining exercise.
Bitcoin miners linked to Binance Pool have a agency deadline: November 10. The exchange introduced on October 13 that its mining pool, together with a spread of associated merchandise, will cease working at 07:00 UTC on that date.
The closure is wider than the pool’s primary block-reward service. Binance says it is usually withdrawing Pool Financial savings, Cloud Mining, its Transaction Accelerator and a number of other supporting options, together with mining pool APIs and hashrate alerts.
For miners, the sensible step is simple however time-sensitive. Machines presently pointed at Binance’s mining endpoints will must be reconfigured for an additional pool earlier than the cutoff. After that point, new shares and hashrate submissions will now not be accepted or credited by Binance Pool.
There’s a monetary housekeeping activity, too. Binance has requested customers to cope with energetic financial savings positions and guarantee their accounts can obtain any excellent rewards or refunds. Eligible balances might be dealt with underneath the related product phrases and compliance necessities, reasonably than disappearing mechanically in the meanwhile of shutdown.
Binance has described the transfer as a part of an ongoing product evaluation. It has not established in its closure discover {that a} particular hashrate decline brought on the choice, so claims concerning the exact industrial purpose ought to be handled cautiously.
The announcement does not imply Binance is shutting down its Bitcoin change or spot buying and selling operation. It’s an exit from one a part of the mining-services enterprise, with a direct operational consequence for miners who nonetheless use it.
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