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Binance Pool shuts down on 10 November: what Bitcoin miners must do
Binance Pool stops accepting hashrate on 10 November. The deadlines, what it means for Bitcoin, and a checklist for moving your miners.
Binance Pool shuts down on 10 November 2026. At 07:00 UTC that day Binance stops accepting hashrate, turns off its stratum endpoints and closes Pool Savings, Cloud Mining and the Transaction Accelerator with it. If your miners point at Binance Pool, they need a new pool before then, and your account needs to be ready for the last payout by 23:59 UTC the same day.
What Binance Pool is closing, and when
Binance announced on 13 October that it will "discontinue Binance Pool and related services" as part of a review of its products. The list, as reported by The Block and Decrypt:
- Binance Pool itself: mining connections start disconnecting on 10 November, 07:00 UTC. Shares that arrive after that are not accepted or credited.
- Pool Savings and Cloud Mining: closed at the same time. Pool Savings positions have to be redeemed or unsubscribed.
- Transaction Accelerator, Telegram hashrate alerts, email notifications and the pool API: switched off.
- Pool pages with history and statements: available until 24 November, 07:00 UTC, then gone for good.
Binance says outstanding rewards, refunds and settlements will be paid "under the applicable product terms, subject to account status, compliance checks, and other requirements". In practice that means identity verification: Decrypt reports the deadline to have it done is 10 November, 23:59 UTC.
How big is this for Bitcoin?
Not very, for the network. Binance Pool launched in April 2020 and, according to Decrypt, ranked ninth among Bitcoin pools at the end of 2025, with around 26 EH/s, about 2.3% of the network's hashrate. That hashrate doesn't disappear: the machines get pointed at other pools. Expect the other pools' shares to shift a little in November and nothing more.
For the people mining there, it is a real job with a hard deadline. A pool switch is not difficult, but it is easy to leave until the last week, and a miner still pointed at a dead endpoint on 10 November earns nothing.
What Binance Pool miners should do now
- Pick a new pool. Compare the payout method (FPPS, PPLNS and so on), the fee, minimum payout and where its servers are. If you care about the network, also look at how much hashrate the pool already has: spreading hashrate across pools is healthier for Bitcoin than piling into the largest one.
- Repoint every machine. Change the stratum URL and worker names on each ASIC, then check that the new pool actually sees your hashrate before you stop watching the old dashboard.
- Finish verification and payout details. Make sure the account can receive the final payout before 10 November, 23:59 UTC.
- Close Pool Savings positions before the cutoff instead of waiting to see what happens to them.
- Download your history. Statements, payouts and fee records disappear on 24 November. You will want them for taxes.
- Replace the alerts. Telegram and email hashrate alerts go too, so set up monitoring on the new pool.
Why it matters beyond Binance
Exchanges add and drop products when their priorities change. The Block ties this closure to Binance moving towards AI trading tools and brokerage products. Anyone who keeps mining income, savings or payment tools inside one custodial platform depends on that platform's roadmap. Pointing your hashrate somewhere you can leave easily, and withdrawing rewards to a wallet you control, is the boring answer that keeps working when a product is switched off.
Not financial advice.