Updated: October 16, 2026
Binance Pool and related services are scheduled to close on November 10, 2026, according to a report by CoinDesk. The change means miners using the pool should review the official notice and plan where to direct their computing power before the cutoff.
What has been reported?
CoinDesk reported on October 15 that Binance would shut Binance Pool, Pool Savings, Cloud Mining, its transaction accelerator and related services at 7:00 a.m. UTC on November 10. The report said computing power directed at the pool had fallen from roughly 26 exahashes per second in December to about 9.2 EH/s, a decline of around 65%.
Source: CoinDesk — Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%.
What should miners do?
- Read Binance’s official announcement to confirm the affected services and cutoff time.
- Choose an alternative mining pool and review its payout model, fees, regional access and terms.
- Update worker configurations and payout addresses carefully, then check that shares and payouts are being recorded as expected.
- Save account, payout and tax records before service closure.
Could this affect Bitcoin network security?
A pool shutdown changes where participating miners direct their computing power; it does not mean Bitcoin itself is shutting down. The network’s overall hashrate and the distribution of mining power across remaining pools are the metrics to watch. Claims about greater concentration should be based on updated network data rather than inferred solely from one provider leaving.
Important distinction
The reported closure date and service list should be confirmed with Binance directly before making operational decisions. This story summarizes published reporting and does not replace the provider’s notice.
This article is for informational purposes only and is not financial or operational advice.