Business · Markets · 1 day ago
Binance to shut down its mining pool and related services on November 10
Binance will shut down its mining pool on November 10, ending its service for miners who use the platform.
The closure also covers its cloud-mining service, Pool Savings, Transaction Accelerator and related tools, including the pool’s API and alerts.
The company launched the pool in April 2020, initially offering Bitcoin mining before expanding its services.
Binance has advised miners to move their computing power to other pools and customers with active Pool Savings positions to withdraw their funds before service ends.
Binance says it will process unpaid rewards and remaining funds after the shutdown, subject to product terms and required checks.
Mining, transaction and payout records will remain available until November 24, after which the pool pages will be taken offline.
Binance will shut down Binance Pool and related mining services on November 10, 2026.
The shutdown includes Cloud Mining, Pool Savings and Transaction Accelerator, as well as the pool’s API and hash-rate notifications.
The exchange advised miners to redirect their computing power to other pools and Pool Savings customers to withdraw their funds before service ends.
Binance said unpaid rewards, remaining balances and eligible refunds would be processed after the shutdown under product terms and required checks.
Mining history, transactions and payout records will remain accessible until November 24, after which the pool pages will be disabled.
- Who
- Binance and users of its mining pool and related services.
- What
- Binance will shut down Binance Pool and several connected services and features.
- When
- The shutdown is set for November 10, 2026. Pool records will remain accessible until November 24.
- Where
- Binance Pool and related Binance services.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Binance launched its own mining pool, initially supporting Bitcoin mining.
Binance Pool will be disconnected from mining equipment, and rewards will no longer be credited.
Binance will disable the pool pages and users will lose access to mining history, transactions and payout records.
- Shutdown date
- November 10, 2026
- Services closing
- Binance Pool, Cloud Mining, Pool Savings and Transaction Accelerator
- Records available until
- November 24
- Pool launch
- April 2020
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