Binance has set a firm deadline of 07:00 UTC on 10 November 2026 to terminate its mining pool operations. At that moment the exchange will deactivate all Stratum URLs and related endpoints, meaning any hash submissions after the cut-off will be rejected. The shutdown also includes ancillary offerings such as Pool Savings, Cloud Mining, the Transaction Accelerator, and associated APIs, alerts, and email notifications. After the deadline the services will no longer generate rewards or yields.
Implications for Bitcoin miners
The announcement does not signal a hardware shutdown; rather, it requires miners to point their rigs at a different pool before the specified time. Equipment that remains configured for Binance’s endpoints will cease to submit work and will not receive credit for any further hashing. Binance has not disclosed the current hashrate of the pool, the number of users, or how much computing power will be displaced, leaving the broader network impact uncertain. Miners are urged to complete any pending identity verification steps by 23:59 UTC on the same day to facilitate the processing of any remaining balances.
Final rewards and settlement process
Shares submitted before the 07:00 UTC deadline will be included in the final reward calculation under the existing pool rules. Binance indicated that eligible rewards, refunds, and settlements will be processed after the service ends, subject to the platform’s terms, compliance checks, and applicable law. No universal payout date has been promised, and the exchange has not guaranteed that every outstanding balance will be paid.
Next steps for users
Users with active Pool Savings positions are advised to unsubscribe or redeem those holdings before the service terminates. Binance will keep the pool’s web pages accessible for two weeks after the shutdown, until 07:00 UTC on 24 November, to allow miners to retrieve historical data, account records, and payout status. The exchange will also remove links to the pool from its homepage on the shutdown day.
Why it matters
The cessation of Binance’s mining pool removes a long-standing participant from the Bitcoin mining ecosystem, potentially reshaping the distribution of hashpower across the network. Miners must act quickly to avoid downtime, and the migration could benefit competing pools that can absorb the displaced hashrate. For Binance, the move reflects a broader review of its product lineup, hinting at a strategic shift away from mining-related services.
