Binance will discontinue Binance Pool and its related mining services at 07:00 UTC on November 10, 2026, ending support for mining connections, reward generation, and several associated products, according to an announcement published on October 13. The exchange has urged miners using the platform to migrate their computing power to alternative pools before the deadline.

Shutdown Covers Multiple Mining Services

The closure includes the core Binance Pool offering as well as Pool Savings, Cloud Mining, the Transaction Accelerator, and the supporting mining pool APIs and notification tools. According to the official announcement, Binance will disable its mining endpoints and terminate Stratum connections when the shutdown takes effect.

As a result, the platform will stop accepting hashrate contributions and will no longer credit mining shares submitted after the deadline. The affected services will also stop generating new mining rewards and associated yields. Miners currently using Binance Pool must therefore redirect their computing power to alternative providers before the cutoff to avoid interruptions.

The decision follows Binance's ongoing review of its products and services. However, the exchange has not disclosed a specific commercial, financial, or regulatory reason for ending its mining operations.

Binance to Discontinue Binance Pool and Related Services on November 10, 2026

Binance will discontinue Binance Pool and related services on November 10, 2026, at 07:00, including Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, and Pool APIs. At that time,… pic.twitter.com/a0wLCtTHhb

— Wu Blockchain (@WuBlockchain) October 13, 2026

More Than Six Years of Mining Operations

Binance launched its mining pool in April 2020, initially supporting Bitcoin mining before expanding its mining-related offerings. The pool operated within the ecosystem of one of the world's largest cryptocurrency exchanges by trading volume, a notable positioning in a mining market where the largest pools are typically run by dedicated mining companies rather than trading platforms. Mining pools aggregate computing power from many participants, offering more consistent reward payouts than solo mining, where a single miner may go long periods without finding a block. The service let participants combine computing power and earn rewards through pooled mining rather than relying solely on individual operations. The November closure will bring more than six years of operations to an end.

Binance has not indicated that the decision affects its main cryptocurrency exchange, spot trading, or other unrelated services.

Deadlines Set for Rewards and Historical Records

Binance has advised customers with active Pool Savings positions to redeem their holdings or unsubscribe before the shutdown. Users should also review outstanding balances and ensure their accounts meet requirements to receive eligible payments.

The exchange said eligible rewards, refunds, and settlements would be processed after November 10, subject to relevant product rules and compliance procedures. Customers may need to complete identity verification or other account requirements to facilitate payment processing.

Meanwhile, Binance Pool's historical data pages remain accessible until November 24, 2026, at 07:00 UTC. Users can access available mining records and payout information during this period before the pages become permanently unavailable. The additional two-week window gives miners time to review their records and retain information needed for account reconciliation, though customers should download any data they wish to keep before the final deadline.

Industry Impact Difficult to Quantify

The shutdown may also redistribute some computing power across competing mining pools as affected users select alternative providers. Hashrate distribution across individual pools is publicly tracked on network monitoring dashboards, so any migration away from Binance Pool around the deadline would be reflected in those statistics. Even so, Binance has not disclosed its pool's current hashrate or the number of miners affected, making the potential industry impact difficult to quantify.

For now, miners must prioritize transferring their equipment, updating mining configurations, and checking outstanding balances. Binance's announcement does not indicate replacement services, leaving affected customers to arrange alternative mining infrastructure independently.