Binance to Shut Down Crypto Mining Pool on November 10: What Miners Must Do
Binance has announced the permanent closure of Binance Pool and its associated mining offerings, scheduled for November 10, 2026. Miners must migrate hardware and withdraw funds before the cutoff.
Binance has officially announced that Binance Pool and its associated mining offerings will shut down operations on November 10, 2026, at 07:00 UTC. Revealed on October 13, the company stated that this choice stems from an ongoing evaluation of its service lineup.
This closure directly impacts miners relying on the Binance network for rewards. Anyone wishing to continue mining must migrate their hardware to an alternative mining pool prior to the cutoff date to secure future earning opportunities.
Binance Pool Shutdown: Mining Rewards and Services Affected
When the deadline arrives, Binance will stop accepting Stratum addresses alongside all other mining features. Any hashrate or work submitted after this cutoff will go unrecognized and will not receive payouts. Conversely, work and hashrate performed by eligible miners ahead of the deadline will be duly acknowledged and rewarded in line with existing policies.
Additional features facing discontinuation include Pool Savings, Cloud Mining, and the Transaction Accelerator. Mining API solutions, along with Telegram and email hashrate alerts, will also be retired. Consequently, any products terminated under this directive will cease generating returns or rewards.
Participants holding Pool Savings assets need to cancel their subscriptions or withdraw funds prior to November 10. Binance advises customers to verify their accounts, finalize required identity verifications, and claim any outstanding funds by 23:59 UTC on November 10.
Read More: Binance Tightens Brazil Crypto Transfers From Nov. 1 With Mandatory New Checks
Provided they meet all remaining criteria, users can expect processing of eligible unpaid balances, refunds, and rewards to occur after the service ends. Historical transaction and payment data will remain viewable until November 24 at 07:00 UTC, after which time all pool web pages will be taken offline.
Why Binance Is Ending Its Bitcoin Mining Pool
The mining pool originally debuted in April 2020 to aid Bitcoin miners. Over time, Binance rolled out supplementary crypto products designed to connect miners with broader areas of its ecosystem.
In 2022, Binance Pool launched a $500 million lending initiative aimed at digital infrastructure and Bitcoin mining enterprises. Subsequent support expanded in 2023 and 2024 to encompass Fractal Bitcoin merged mining and Bitcoin Ordinals inscription tools.
Web3 PR Specialist | KOL | Blockchain Advocate | Digital Strategy Expert based in Moscow, Russia. Focused on Web3 communications, blockchain, digital strategy, and community growth.
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