Binance Closes Its Mining Pool and Cloud Mining, Gives Miners Four Weeks to Move Hashrate

Binance announced on Tuesday that it will shut down Binance Pool, its cryptocurrency mining pool, along with a set of related products on Nov. 10, 2026. Miners currently directing hardware at the pool have four weeks to send it somewhere else.

Binance said the move is part of an ongoing review of its products and services.

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The closure reaches beyond the pool itself. Pool Savings, Cloud Mining and the Transaction Accelerator are also ending, as are the pool’s Telegram hashrate alerts, email notices and API access for miners.

At 7 a.m. UTC on Nov. 10, Binance plans to begin dropping mining connections and switch off its Stratum URLs and other endpoints. “Hashrate submissions and mining shares submitted after this time will no longer be accepted, processed, or credited,” the company wrote. Nothing new in rewards or yield will build up after that moment.

Until then, Binance expects the pool to run as usual. Valid shares that arrive before the cutoff will still count when final rewards are calculated.

Binance told users to move their machines to a different pool ahead of the deadline, to pull out of any Pool Savings positions, and to check that their accounts can receive whatever is owed to them. Anyone who still needs to complete identity verification should do so by 11:59 p.m. UTC on Nov. 10, the exchange said.

Leftover rewards, balances, refunds and settlements that qualify will be paid after the shutdown, though payouts remain subject to compliance and risk reviews and to the pool’s product terms.

On the day of the closure, Binance will pull links to the pool from its homepage. The pool’s pages will stay viewable for 14 days, until Nov. 24, so users can look up past data, records and payout status. After that, Binance said, they will be gone permanently. The exchange also suggested users download any reports or transaction history they want to keep.

Binance launched the pool in April 2020, starting with bitcoin mining and a full pay-per-share (FPPS) payout model. The Nov. 10 cutoff gives the pool’s remaining users 28 days to find a new home for their hashrate.

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