Binance announced on Tuesday that it will permanently discontinue its cryptocurrency mining pool and a range of associated services on November 10, 2026, at 07:00 UTC. The decision ends an operation that began in April 2020 and initially focused on Bitcoin mining before expanding to other assets.

The closure covers Binance Pool itself, Pool Savings, Cloud Mining, the Transaction Accelerator, Telegram hashrate alerts, email notifications and mining pool application programming interfaces. At the cutoff time, the exchange will disconnect mining equipment, disable Stratum URLs and mining endpoints, and stop accepting or crediting any hashrate submissions or mining shares received afterward. Affected products will generate no further rewards, yield or service benefits.

Timeline and Settlement Process

Eligible mining shares submitted before 07:00 UTC on November 10 will still be included in the final reward calculation under existing pool rules. Binance stated that outstanding rewards, balances, refunds and settlements will be processed after the cutoff, subject to product terms, account status, risk controls, compliance checks and applicable laws. Users who need to complete identity verification or other account requirements have been told to finish those steps by 23:59 UTC on November 10 to help ensure timely handling of payments.

Links to Binance Pool will be removed from the exchange homepage on November 10. The pool pages will remain available until 07:00 UTC on November 24 so that customers can review historical data, account records and payout status. After that date, access will end permanently. Binance advised miners to reconfigure their equipment to alternative pools before the deadline and urged holders of active Pool Savings positions to redeem or exit those positions in advance.

Scale of the Mining Operation

Binance Pool has supported mining of Bitcoin, Zcash, Litecoin, Ethereum Classic, Bitcoin Cash and Kaspa, among other assets. Recent figures show approximately 1.35 million active Bitcoin workers and 1,509 active Zcash workers connected to the pool. The service accounts for roughly 65 EH/s of Bitcoin hashrate, equivalent to about 7 to 8 percent of the network’s total estimated hashrate of 968 EH/s. Industry data indicate that the pool’s exit is not expected to affect Bitcoin network operations or the price of BTC.

The exchange framed the shutdown as the result of an ongoing internal review of its products and services. It did not link the decision to profitability concerns, regulatory pressure or broader market conditions, and it made no statement about changes to its core exchange business.

Background of Binance Pool

Binance launched the mining pool in April 2020 with promotional fee structures designed to attract participants. Over subsequent years the platform added features such as a $500 million lending program aimed at Bitcoin miners and digital-asset infrastructure firms in 2022, support for Bitcoin Ordinals inscriptions in 2023, and Fractal Bitcoin merged mining in 2024. More recent adjustments included the end of support for certain stablecoins within the pool earlier in 2026.

The company has directed users seeking assistance with remaining balances or technical questions to its customer support channels and help center. Official English-language materials take precedence in the event of any discrepancies with translated versions of the notice.