Binance Pool discovered just one Bitcoin block over the past seven days, according to data from mempool.space, as the mining operation counts down to its planned shutdown on November 10.

The pool mined one of approximately 925 Bitcoin blocks produced across the network during the seven-day period and recorded zero block discoveries in the most recent 24 hours covered by the data. For context, Bitcoin's difficulty adjustment is calibrated to keep the average interval between blocks close to ten minutes, which works out to roughly 144 blocks per day under steady conditions; actual daily and weekly totals routinely drift above or below that pace with statistical luck.

Its latest identified block was Bitcoin block 974,743, mined at 01:15 UTC on November 6. The block contained 1,353 transactions and generated approximately 3.134 BTC in rewards, including transaction fees. The bulk of that total reflects Bitcoin's current fixed block subsidy of 3.125 BTC, set by the protocol after the 2024 halving, with the remainder coming from fees attached to the transactions included in the block.

Binance Pool Prepares to End Bitcoin Mining Services

The drop in block production comes days before Binance's scheduled termination of its mining pool operations. The service, which launched in April 2020, is approaching its November 10 shutdown deadline.

In an announcement published in October, Binance said it would disconnect miners at 07:00 UTC on Tuesday, November 10. The decision will end several services offered through the platform, including block rewards, cloud mining, pool savings, and its transaction accelerator.

The shutdown marks the end of Binance Pool's participation in Bitcoin mining after more than six years of operations. Miners using the platform will need to select alternative providers if they intend to continue contributing computing power to Bitcoin's network through a mining pool.

Binance Pool Hashrate Falls Approximately 65%

The slowdown in block discoveries follows a substantial decline in Binance Pool's computing capacity over recent months. Data assessed by CoinDesk indicates that the pool's hashrate dropped from approximately 26 exahashes per second (EH/s) in December 2025 to around 9.2 EH/s in October, representing a decline of roughly 65% during the period. An exahash corresponds to one quintillion (10^18) hash computations per second, a unit that captures the scale of computing power involved in competing for Bitcoin's block rewards.

Mining pools operate by combining computing resources from multiple independent miners to increase their collective chances of discovering Bitcoin blocks, and they typically distribute earnings to participants in proportion to the computing power each contributes. Individual miners can redirect their equipment to another pool without shutting down their machines.

Block discoveries are subject to statistical fluctuations, however. A mining pool can go through stretches with unusually few or unusually many successful blocks, meaning that finding just one block over seven days does not by itself establish the pool's precise remaining hashrate.

Binance Exit Could Reshape Bitcoin Mining Pool Distribution

Binance Pool's departure will require miners connected to the service to choose alternative providers, and their decisions could influence how Bitcoin's overall mining activity is distributed among the remaining pools. Shifts in that distribution draw close attention because a pool controlling a majority of the network's computing power would be positioned to exert outsized influence over which transactions are confirmed in new blocks.

Foundry USA, AntPool, and F2Pool are among the established mining pools already responsible for a substantial share of Bitcoin block production. The redistribution of computing power previously connected to Binance Pool could potentially add to their existing network participation.

The extent to which these providers benefit, however, will depend on where former Binance Pool miners decide to redirect their equipment. Pool-level block production data published by services such as mempool.space — the same source behind the figures cited above — will make it possible to observe how that redistribution unfolds once the shutdown takes effect.

With the November 10 deadline approaching, Binance's latest block production figures highlight how sharply its mining activity has contracted ahead of the planned closure. The shutdown will mark another change in the distribution of computing power across the Bitcoin mining industry.

Source: CoinDesk. Originally published by Hokanews.