Binance Pool To Close November 10, Giving Bitcoin Miners Weeks To Move
TL;DR: Binance will discontinue its mining pool and related services at 07:00 UTC on November 10, 2026. Miners must redirect their machines before the shutdown to avoid an interruption in mining activity. Bitcoin miners connected to Binance Pool have a firm deadline: November 10. The exchange announced on October 13 that its mining pool, along with a range of related products, will stop operating at 07:00 UTC on that date. The closure is wider than the pool’s basic block-reward service. Binance says it is also withdrawing Pool Savings, Cloud Mining, its Transaction Accelerator and several supporting features, including mining pool APIs and hashrate alerts. For miners, the practical step is straightforward but time-sensitive. Machines currently pointed at Binance’s mining endpoints will need to be reconfigured for another pool before the cutoff. After that time, new shares and hashrate submissions will no longer be accepted or credited by Binance Pool. There is a financial housekeeping task, too. Binance has asked users to deal with active savings positions and ensure their accounts can receive any outstanding rewards or refunds. Eligible balances will be handled under the relevant product terms and compliance requirements, rather than disappearing automatically at the moment of shutdown. Binance has described the move as part of an ongoing product review. It has not established in its closure notice that a specific hashrate decline caused the decision, so claims about the precise commercial reason should be treated cautiously. The announcement does not mean Binance is shutting down its Bitcoin exchange or spot trading operation. It is an exit from one part of the mining-services business, with an immediate operational consequence for miners who still use it.
Key Takeaways
- TL;DR: Binance will discontinue its mining pool and related services at 07:00 UTC on November 10, 2026.
- Miners must redirect their machines before the shutdown to avoid an interruption in mining activity.
- Bitcoin miners connected to Binance Pool have a firm deadline: November 10.
Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Ledger Unveils $849 Atom Device To Secure Crypto, Apps And AI Activity
TL;DR: Ledger has introduced Atom, a new device intended to run everyday apps while keeping sensitive approvals inside its secure operating system. The Founders Edition has a $849 reservation price, with shipping estimated for 2027. Ledger wants to move…
Claude unpicks an NSA mystery behind Ethereum passkey security
Anthropic’s timestamp recipe reconstructs P-256’s public seed, adding provenance evidence while leaving selection criteria and base-point origins unexplained. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.…
Saylor Teases ‘More Orange’ After His $100 Trillion Bitcoin Vision Speech
Strategy founder Michael Saylor delivered an ambitious vision for bitcoin at ParaFi Investor Day 2026, arguing that bank lending, tokenized securities, and bitcoin-backed credit could eventually support a $100 trillion financial system. Speaking alongside…