On October 13, Binance confirmed it will discontinue Binance Pool and related mining services at 07:00 UTC on November 10, 2026. The notice frames the decision as part of an “ongoing review of products and services”—not a sudden outage, and not a change to the core spot and derivatives exchange.
That still matters for anyone pointing ASICs at Binance’s Stratum endpoints, renting hashrate through Cloud Mining, or holding Pool Savings positions. After the cutoff, hashrate submissions and mining shares will no longer be accepted, processed, or credited. Machines still pointed at Binance Pool will keep hashing into a void.
What is shutting down
The wind-down is broader than a single pool brand. According to Binance’s announcement and coverage by Decrypt, The Block, Cointelegraph, and Crypto Briefing, the following end together:
- Binance Pool itself, including Stratum URLs and mining endpoints
- Pool Savings
- Cloud Mining (hashrate purchased without owning hardware)
- Transaction Accelerator (a tool to push stuck low-fee Bitcoin transactions)
- Supporting features: Telegram hashrate alerts, email notifications, and mining pool APIs
Accounts such as BSCDaily and CoinGape amplified the same checklist within hours of the notice: redirect hardware, unwind Pool Savings, and treat the November 10 timestamp as a hard stop—not a soft recommendation.
The timeline that actually matters
Three dates define the operational window:
- October 13, 2026 — public announcement.
- November 10, 2026, 07:00 UTC — connections disconnect; shares stop counting; related products stop accruing rewards or yield.
- November 24, 2026, 07:00 UTC — Binance Pool pages stop being accessible for historical data, account records, and payout status.
Decrypt reports a related compliance detail for final settlements: anyone expecting a final payout has until 23:59 UTC on November 10 to finish required identity verification. Eligible outstanding rewards, balances, refunds, and settlements are to be processed under existing product terms, subject to account status and compliance checks. That is an administrative path for prior earnings—not a reason to leave hashrate pointed at Binance after 07:00 UTC.
Crypto Briefing also notes a Brazil-specific wrinkle: Binance has moved to limit access to several services for users in Brazil, including Binance Pool, starting October 27, 2026, in connection with new central bank rules. Brazilian users may therefore lose pool access roughly two weeks before the global cutoff. Binance has not publicly tied the worldwide closure to that Brazil restriction; the two should be read as parallel compliance tracks unless the exchange says otherwise.
How large was Binance Pool?
Binance Pool launched in April 2020. Decrypt, citing Hashrate Index, says that by the end of 2025 the pool ranked about ninth among Bitcoin pools, with roughly 26 exahashes per second—around 2.3% of network hashrate at that snapshot. Hashrate Index also described it as the last major remnant of the era when exchanges rushed into mining, with relevance tied more to Binance’s exchange and custody franchise than to proprietary mining technology.
A mid-single-digit percentage of Bitcoin hashrate is not systemic risk for the network: other large pools can absorb redirected machines. It is operationally significant for miners who optimized monitoring, payout rails, and API tooling around Binance’s stack. Pool-market concentration changes when a recognizable brand exits; the practical question for hashers is fee schedules, payout reliability, and geographic/legal comfort at Foundry, AntPool, ViaBTC, F2Pool, and peers—not whether Bitcoin continues to produce blocks.
Why the product review framing fits Binance’s 2026 arc
The mining exit sits beside other recent sunsets and expansions:
- In July 2026, Binance closed its centralized NFT marketplace, directing users toward Binance Wallet self-custody—another “smooth sunsetting” of a product line that no longer matched strategic priority.
- In June 2026, the exchange opened access to thousands of U.S. stocks and ETFs for eligible non-U.S. customers and previewed bStocks tokenized share minting on BNB Chain, as Decrypt recounted alongside the pool notice.
Read together, the pattern is familiar for a large exchange: prune verticals that are capital- or compliance-heavy and not central to trading volume (pool ops, legacy NFT UI), while leaning into brokerage-style and tokenized-asset surfaces that keep users inside the Binance account graph. Mining pools require continuous ops, payout integrity, and regulatory attention. Spot crypto, fiat on-ramps, and tokenized equities sit closer to how Binance now describes its future.
None of that proves the pool was unprofitable in isolation. Binance did not publish a margin breakdown with the notice. The announced reason remains a product-suite review; markets should not invent a forced-exit narrative the company has not claimed.
What miners and Cloud Mining users should do
For hardware operators the checklist is mechanical:
- Choose an alternative pool and update every machine’s stratum configuration before 07:00 UTC on November 10.
- Rebuild monitoring that depended on Binance Telegram alerts, email, or pool APIs.
- Confirm outstanding rewards and KYC status so final settlements can clear.
- Export or screenshot historical records before the November 24 page blackout.
Cloud Mining customers face a different problem: they were buying exposure without machines, so the product disappears rather than requiring a config change. Pool Savings holders need to redeem or unsubscribe before the service ends, on Binance’s stated terms.
What this is not
A few distinctions keep the story accurate:
- Not an exchange shutdown. Spot, futures, and other core products are not part of this notice.
- Not a Bitcoin network event. Redirected hashrate migrates; difficulty and block times continue under the protocol’s usual rules.
- Not advice to panic-sell mining hardware. Pool choice and fee schedules change; the underlying ASIC economics are a separate analysis.
- Not a claim that Brazil’s rules caused the global closure. Coverage notes the Brazil access limit as backdrop, not as Binance’s stated cause.
What to watch next
Watch where Binance Pool’s ~2% class of hashrate reappears in public pool dashboards after November 10, whether Cloud Mining and Pool Savings balances settle cleanly for KYC-complete accounts, and whether Binance’s next product notes keep emphasizing equities and tokenized assets over infrastructure verticals. For the broader industry, the exit is another data point that exchange-attached mining pools were a 2020–2022 fashion more than a permanent fixture of public-market crypto businesses.
This article is for informational purposes only and is not financial, investment, legal, or tax advice. Cryptocurrency mining and exchange products involve substantial risk, including possible loss of principal and operational disruption. Always verify primary sources—including Binance’s official notice—and consider your own circumstances before making decisions.