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ZEC $1,227 Binance to shut down crypto mining pool on Nov. 10
The exchange will discontinue its six-year-old mining pool and related products, urging users to move to alternative platforms before the deadline.
Key takeaways
- Shutdown date is Nov. 10. Binance Pool and related mining services will close permanently on November 10, 2026, at 07:00 UTC.
- Records available until Nov. 24. Users can access historical mining records and payout information until November 24, when pool pages become permanently inaccessible.
- Pool launched in April 2020. Binance launched its mining pool in April 2020, initially supporting Bitcoin (BTC) mining before expanding to other cryptocurrencies.
What happened
Cryptocurrency exchange Binance announced it will permanently shut down its Binance Pool mining service and related products on November 10, 2026, at 07:00 UTC. The closure ends an operation that launched in April 2020, initially supporting Bitcoin (BTC) mining before expanding to other cryptocurrencies. The shutdown covers Pool Savings, Cloud Mining, Transaction Accelerator, mining pool APIs and automated hashrate notifications.
After the cutoff, Binance will disable its mining endpoints and disconnect miners from the pool. The exchange will no longer accept hashrate submissions or credit mining shares received after the deadline, and affected products will stop generating rewards and yields. Users with active Pool Savings positions have been advised to redeem or unsubscribe their accounts before the closure date.
Binance said eligible outstanding rewards, balances, refunds and settlements will be processed after the shutdown, subject to applicable product rules and compliance checks. Users will have until November 24 to access historical mining records and payout information before the pool's pages become permanently inaccessible.
Why it matters
The closure is part of Binance's ongoing review of its products and services, though the company did not provide a specific reason for ending its mining pool operations. Binance urged miners to redirect their computing power to alternative mining pools before the deadline to avoid interruptions to their mining activities.
What is still unclear
- Binance did not disclose how much computing power is currently connected to Binance Pool, nor did it identify a replacement mining provider for affected users.
What to watch
- 2026-11-10 November 10, 2026: Binance Pool mining endpoints will be disabled, and no new hashrate or mining shares will be accepted after 07:00 UTC.
Questions readers ask
When does Binance Pool shut down?
Binance Pool and related mining services will permanently close on November 10, 2026, at 07:00 UTC. After this time, the exchange will stop accepting hashrate submissions and disconnect all mining equipment from the pool.
What happens to my outstanding mining rewards after the shutdown?
Eligible outstanding rewards, balances, refunds and settlements will be processed after the shutdown, in line with Binance's applicable product rules and compliance checks.
How long can I access my Binance Pool historical records?
Users can access historical mining records and payout information until November 24, 2026, after which the pool's pages will become permanently inaccessible.
