Binance Shuts Down Mining Pool and Cloud Mining on November 10

Binance is closing its mining pool on November 10, 2026. Pool Savings, cloud mining and the transaction accelerator go with it. If you pointed hashrate at Binance Pool, you need to move to another pool before that date.

What exactly is closing?

The exchange Binance announced on Tuesday that it is winding down Binance Pool, which had run for more than six years. The pool launched in April 2020, at first for Bitcoin mining only, and other coins were added later.

The shutdown list covers Pool Savings, Cloud Mining, Transaction Accelerator, the pool API and hashrate notifications. So this is not one service but the exchange's entire mining line.

What happens after November 10?

Binance will switch off the mining endpoints and disconnect miners from the pool. Hashrate sent after the deadline will not be accepted, and shares that arrive later will not be credited. Products tied to the pool will stop producing rewards and yield.

Settlement for what has already been earned is not cancelled. The exchange promises to process outstanding rewards, balances, refunds and settlements after the closure, subject to product rules and compliance checks. Mining and payout history stays viewable until November 24, after which the pool pages become inaccessible.

What should a miner do?

The exchange advises acting early, and the order looks like this:

• The pool: redirect your hashrate to an alternative pool before November 10 so it does not sit idle.
• Close Pool Savings positions by redeeming them or unsubscribing before the closure.
• Check whether your own scripts, monitoring or alerts depend on the pool API, since they will stop working.
• Save your payout history before November 24 if you need it for bookkeeping.

The move itself is easy: you change the pool address and worker name in the miner settings. Payout settings and thresholds are trickier, so check them in the new pool before the first transfer.

Why is Binance winding the line down?

The company did not give a reason. The announcement only says the decision follows an ongoing review of products and services. Binance has not said how many miners sat on the pool or what share of the network it carried, so any estimate here would be a guess.

What is visible is something else: Binance is trimming products outside its core business of trading and custody. For the exchange the pool was a side line, and running it separately became unprofitable or pointless. That is an assumption, not a company statement.

Who is affected besides miners?

The users of Cloud Mining and Pool Savings take the direct hit, since they must decide where to move their funds. For those who simply trade Bitcoin on the exchange, nothing changes, and spot and futures work as usual.

Ukrainian miners who kept hashrate on Binance Pool should not leave the choice of a new pool to the last week. When thousands of participants switch on the same day, fees and payout queues can grow.