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- Binance Pool found only one Bitcoin block in seven days before shutting down.
- Remaining miners have less than a day to redirect machines to another pool.
- Binance is closing the pool following a wider review of its products and services.
Binance Pool has found only one Bitcoin block in seven days as it prepares to shut down. That represents just 0.11% of the 919 blocks recorded in mempool.space’s snapshot at 09:20 UTC on Nov. 9.
With mining connections set to end at 07:00 UTC on Nov. 10, remaining miners have less than a day to redirect their machines to another pool and keep their work earning credit.
Binance Drops Mining Services Following a Product Review
Binance says it is closing the pool as part of a wider review of its products and services. The decision, announced on Oct. 13, also ends Pool Savings, Cloud Mining, Transaction Accelerator, mining APIs and related alerts.
The pool launched in April 2020, so the closure ends more than six years of Binance’s involvement in mining-pool services.
Binance will disable its mining server addresses and endpoints at the cutoff. Miners still connected will no longer receive credit for work submitted afterward. On work submitted after the deadline, Binance stated:
“Hashrate submissions and mining shares submitted after this time will no longer be accepted, processed, or credited.”
Eligible work submitted before the deadline will count toward the final reward calculation.
Earlier Market Share Implied About 20 Blocks in a Comparable Week
In late December 2025, Binance Pool accounted for about 2.1% of weekly block discoveries in mempool.space’s historical data. Had it retained that share, it would have been expected to find roughly 20 of the latest week’s 919 blocks, instead of only one.
The identified Binance Pool block was number 974,743, mined on Nov. 6 at 01:15 UTC. Blockchain.com attributes it to Binance Pool and records 1,353 transactions, with a total reward of approximately 3.134 BTC, including fees.
The pool’s share had already slipped to about 0.58% in mempool.space’s Nov. 2 historical snapshot, before the latest reading of 0.11%.
Remaining miners can keep their machines working on Bitcoin by connecting them to another pool before Binance switches off its endpoints.
Final Payouts Continue After Mining Stops
Binance will process eligible outstanding rewards, balances, refunds, and settlements after the cutoff under its product rules. Pool Savings users should redeem or unsubscribe before the service ends.
Users expecting payments should ensure their accounts can receive them and finish any required identity-verification steps by 23:59 UTC on Nov. 10.
Binance will remove pool links from its homepage on Nov. 10. Historical data, account records and payout status will remain viewable until 07:00 UTC on Nov. 24. Users should save the records they need before those pages become permanently inaccessible.
