Binance Pool Shuts Down November 10, Ending Six Years of Mining Services
Miners must move their hashrate and redeem Pool Savings positions before the cutoff, and outstanding balances need identity verification by November 10 at 23:59 UTC.
Key Takeaways
- Binance will discontinue Binance Pool and related services on November 10, 2026 at 07:00 UTC.
- Cloud Mining, Pool Savings and the Bitcoin Transaction Accelerator close at the same time.
- Miners must complete identity verification by November 10, 2026 at 23:59 UTC to receive outstanding balances.
- All Binance Pool pages go offline permanently on November 24, 2026 at 07:00 UTC.
Binance will shut down Binance Pool and three related mining products on November 10, 2026 at 07:00 UTC, according to the Binance support notice it published on October 13. The move ends six years of exchange-run mining at one of the industry's largest trading platforms, whose own coin BNB (BNB) ranks among the biggest exchange tokens.
What the Binance Pool Shutdown Covers
Four services stop at the same time: Binance Pool, Cloud Mining, Pool Savings and the Bitcoin Transaction Accelerator. Binance says the closure is part of its ongoing review of products and services, without further explanation.
Binance Pool paid miners on a Full Pay-Per-Share model and supported Bitcoin and eight other coins, including Ethereum Classic, Kaspa, Dogecoin and Zcash. The shutdown also ends its ancillary services, including Telegram hashrate alerts, email notifications and the mining pool API. When the cutoff arrives, all Stratum endpoints shut off at once. Shares submitted after 07:00 UTC are not processed or credited.
What Binance Pool Users Need to Do
Miners must point their hashrate to another pool before the November 10 cutoff. Cloud Mining contracts end at the same time, and Pool Savings positions must be redeemed before the deadline. Miners have until November 10 at 23:59 UTC to complete the identity verification needed to receive outstanding balances.
After that, the remaining task is record keeping. All Binance Pool pages, including historical payout data and account records, become permanently inaccessible on November 24, 2026 at 07:00 UTC.
Where the Hashrate Goes Next
The closure sends Binance's remaining miners to dedicated pools at a time when three pools already control the majority of Bitcoin hashrate, according to a TechTimes report on the shutdown. Mining pools outside Binance continue to pay out as before.
Traders watching the exchange's coin can follow the BNB price chart as the deadline approaches.
Frequently Asked Questions
When Is the Binance Pool Shutdown?
The Binance Pool shutdown takes effect on November 10, 2026 at 07:00 UTC, when all Stratum endpoints stop accepting hashrate.
What Services Close with Binance Pool?
Four services close on November 10, 2026: Binance Pool, Cloud Mining, Pool Savings and the Bitcoin Transaction Accelerator.
Do Binance Pool Miners Need to Do Anything before the Shutdown?
Yes. Miners must move their hashrate to another pool before November 10, 2026 at 07:00 UTC and redeem any Pool Savings positions before that time.
What Happens to Binance Pool Payout Records?
All Binance Pool pages, including historical payout data and account records, become permanently inaccessible on November 24, 2026 at 07:00 UTC.
Why Is Binance Shutting Down Binance Pool?
In its October 13, 2026 notice, Binance said the closure is part of its ongoing review of products and services. No other reason was given.
Sources
- Binance Will Discontinue Binance Pool and Related Services · Binance
- Binance Pool Closes November 10: Three Mining Pools Already Control Bitcoin Majority Hashrate · TechTimes
Prices and market data: Coinranking.
