- Trending
- Comments
- Latest
Binance will shut down Binance Pool on November 10 at 07:00 UTC, ending Cloud Mining, Pool Savings and Transaction Accelerator and cutting off mining endpoints for every connected miner. The exchange cited only an “ongoing review of products and services,” named no replacement and did not say how many miners use the pool.
Binance, one of the world’s largest cryptocurrency exchanges, announced on October 13, 2026, that it will discontinue Binance Pool and associated mining services on November 10 at 07:00 UTC.
The decision affects cryptocurrency miners using the platform’s infrastructure, as well as customers accessing related products such as Pool Savings, Cloud Mining and Transaction Accelerator.
Binance said the shutdown forms part of its ongoing review of products and services, without providing a more detailed explanation for the decision.
The closure marks a significant change for customers who rely on the Crypto mining pool service to connect their mining equipment to a shared network and earn rewards.
Once the deadline arrives, Binance will disable its mining endpoints and Stratum addresses, preventing connected machines from submitting additional mining shares through the platform.
The company also confirmed that mining activity submitted after the cutoff will no longer be accepted, processed or credited toward rewards. Eligible mining shares submitted before the deadline will be included in the final reward calculation under the platform’s applicable rules.
Binance’s announcement stated that the shutdown follows its ongoing product review. The exchange did not announce a replacement service or disclose how many miners currently use Binance Pool.
Customers using the Crypto mining pool service will need to prepare for the November 10 deadline to avoid interruptions to their operations.
Binance has instructed miners to disconnect from its infrastructure and redirect their machines to alternative mining pools before the scheduled shutdown.
Mining pools allow participants to combine computing power and share rewards according to the applicable payout arrangements.
For operators who have configured their machines to connect to Binance Pool, moving to another provider requires updating the relevant mining software or device settings with the new pool’s connection details.
Failure to make the switch before Binance disables its mining endpoints could leave equipment unable to submit work through its existing configuration. Miners should therefore confirm that their replacement provider supports their equipment, preferred cryptocurrency and payout requirements before making the transition.
Customers with active Pool Savings positions must also review their accounts and complete any required cancellations or redemptions before the service ends.
Cloud Mining and Transaction Accelerator will be discontinued alongside Binance Pool, while associated tools—including mining APIs, Telegram hashrate alerts and email notifications—will also become unavailable.
These changes mean the impact extends beyond miners who directly contribute computing power. Users who depend on Binance’s related mining tools may need to replace those services as well.
The Crypto mining pool shutdown also raises practical questions about unpaid rewards, account balances and the records customers may need after the service ends.
Binance said eligible outstanding rewards, refunds, balances and settlements, where applicable, will be handled after the November 10 cutoff. However, payment eligibility will depend on the relevant product terms, account status, risk controls, compliance reviews and applicable laws.
Binance has also asked users to ensure their accounts can receive eligible outstanding payments. Customers who need to complete identity verification or other required account procedures should do so by the stated deadline of November 10 at 23:59 UTC to help facilitate processing.
The exchange’s notice provides the following guidance:
Mining equipment: Redirect machines to another mining pool before 07:00 UTC on November 10.
Pool Savings: Review active positions and complete applicable redemptions or cancellations before services end.
Outstanding rewards: Check account balances and confirm that any required verification steps have been completed.
Historical records: Download or save relevant reports and transaction histories before permanent access is removed.
Binance plans to remove Binance Pool links from its homepage on November 10. Its mining pages will remain accessible for a further 14 days, until November 24 at 07:00 UTC, allowing customers to review available historical data, account records and payout information.
After that period, the pages will become permanently inaccessible through the existing interface.
The decision to discontinue Binance Pool illustrates why investors and mining businesses should assess operational dependencies separately from their cryptocurrency holdings.
A service provider’s decision to close a product can require changes to equipment, account arrangements and revenue processes even when the underlying blockchain network continues operating.
The Crypto mining pool shutdown does not, by itself, indicate that Bitcoin mining is ending or that Binance is withdrawing from cryptocurrency trading. Instead, it removes one service through which miners could coordinate computing power and manage mining-related activities.
Investors following the wider mining sector should distinguish between the direct operational effects of the closure and any broader market implications.
Binance has not attributed its decision to Bitcoin’s price, mining profitability, energy costs, regulatory pressure or competition. Without additional information from the company, assigning any of these factors as the cause would be speculative.
The Crypto mining pool announcement also highlights the importance of checking official communications when service deadlines and outstanding payments are involved. Customers should rely on Binance’s published notice and applicable product terms rather than unverified social media claims about the closure or guaranteed payouts.
Copyright © 2025 - The Bit Gazette.
