Binance will permanently discontinue Binance Pool and its associated mining services at 07:00 UTC on November 10, 2026, ending more than six years of mining pool operations. The exchange will disable mining connections, Stratum URLs, and related endpoints, requiring Bitcoin miners to migrate their equipment to alternative pools before the cutoff to avoid interruptions in mining activity.
Binance attributed the decision to its ongoing review of products and services but did not disclose a specific reason for closing the operation. The announcement also provided no figures for Binance Pool's current hashrate, active users, or the amount of mining capacity potentially affected, leaving the scale of the transition unclear.
The shutdown extends beyond Bitcoin mining infrastructure. Binance will also discontinue Pool Savings, Cloud Mining, Transaction Accelerator, mining pool APIs, Telegram hashrate alerts, and email notifications. These products will stop generating new rewards, yield, or other service benefits after the cutoff, effectively ending the exchange's associated mining service ecosystem.
For miners, the immediate consequence is operational rather than a direct reduction in Bitcoin's computing capacity. Mining hardware will remain functional, but machines configured to connect through Binance Pool will no longer be able to submit valid work to its infrastructure after 07:00 UTC. Operators must update their mining pool configurations to maintain uninterrupted participation in Bitcoin mining.
The distinction matters for assessing the broader network implications. Binance Pool's closure does not necessarily mean that its participating miners will permanently exit Bitcoin mining, as computing power can be redirected to competing pools. However, without disclosed hashrate figures or migration data, the potential redistribution of mining capacity among other operators cannot be quantified.
Binance confirmed that eligible mining shares submitted before the shutdown deadline will remain part of the final reward calculation under existing pool rules. Outstanding rewards, balances, refunds, and settlements may continue to be processed after operations cease, although distributions will remain subject to product terms, account status, risk controls, compliance requirements, and applicable laws.
The exchange has not established a universal settlement date or guaranteed payment of every outstanding balance. Users holding active Pool Savings positions have been instructed to unsubscribe or redeem their positions before the service closes, while account holders should ensure they can receive any remaining eligible funds.
A separate administrative deadline applies to account verification and settlement requirements. Users are advised to complete necessary identity verification and related account procedures by 23:59 UTC on November 10 to facilitate the processing of eligible payments. This deadline does not extend mining access, which will terminate at 07:00 UTC that day.
Binance will also remove Binance Pool links from its homepage on November 10. Historical mining data, account records, and payout information will remain accessible where available for an additional 14 days, with pool pages scheduled to remain available until 07:00 UTC on November 24.
From an industry perspective, the closure represents the withdrawal of a major cryptocurrency exchange from direct mining pool operations rather than an announced change to the Bitcoin network itself. The development could redistribute mining activity toward other pool providers, although the extent of that shift will depend on where existing Binance Pool participants redirect their computing resources.
The immediate focus is the November 10 migration deadline and the completion of final reward calculations. Beyond the shutdown, the key question is how Binance Pool's departing miners redistribute their hashrate and whether the transition produces a measurable change in mining pool concentration across the Bitcoin network.
