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Binance Pulls the Curtain on Bitcoin Mining Pool, Sets November 10 Shutdown

Binance Pulls the Curtain on Bitcoin Mining Pool, Sets November 10 Shutdown

Miners must switch to alternative pools before Binance stops accepting hashrate submissions at 07:00 UTC on November 10.

Written by Rahul Dhingra, Edited by Rohan Pal | Updated: 13 October 2026 15:46 IST

Binance Pulls the Curtain on Bitcoin Mining Pool, Sets November 10 Shutdown

Photo Credit: Unsplash/Kanchanara

The exchange said the decision followed an ongoing review of its products and services

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Highlights

Mining APIs and hashrate alerts will be disabled on November 10
Active Pool Savings users should complete redemptions before shutdown
Binance will process eligible outstanding rewards and refunds after closu

Binance has also confirmed that Binance Pool and its crypto mining services will be officially discontinued on November 10 at 07:00 UTC. This means that there will be no more mining connections, reward distribution, or any other associated products. According to the October 13 statement by Binance, the shutdown is the result of an ongoing review of products and services. Among those affected are Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, mining APIs, and mining hashrate alerts. Customers have been asked to migrate their mining hardware to another pool before the deadline.

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As per the announcement, starting at 07:00 UTC on November 10, Binance will stop the mining rigs from being connected to its mining pool, as well as its Stratum addresses and mining endpoints for submitting computing power. The exchange stated that any mining shares or hashrate submitted after the deadline will not be accepted or processed anymore.

The shutdown includes the services related to Binance Pool, which include Pool Savings, Cloud Mining, and Transaction Accelerator. The hash rate notifications for Telegram, emails, and the mining pools API will be disabled simultaneously. According to Binance, there will be no rewards, yield, or other services once the mentioned products are shut down.

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The mining pool is expected to run normally until the cutoff time. The eligible mining shares that are submitted prior to 07:00 UTC on November 10 will be included in the final reward calculation, according to the mining guidelines of the exchange.

For miners contributing to the computing power via Binance Pool, the firm has directed users to disconnect the devices and upgrade their mining settings prior to shutdown. Mining devices that utilise Binance's current Stratum addresses would have to find an alternative pool to continue submitting their work once the service closes down.

As the shutdown date gets closer, Binance has informed users who have active Pool Savings to check their accounts and make sure that all redemptions or cancellations are done by November 10. It has also been noted that users who have unclaimed rewards and refunds should ensure that their Binance account can accept them.

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As per the official notice, unsettled reward payments and refunds will be processed after 07:00 UTC on November 10. According to the exchange, eligibility for payment would depend on the product terms, account status, risk control, and compliance. The exchange's official notice did not guarantee payment of all outstanding balances immediately.

In August, Binance also announced that each spot pair linked to ACX, HFT, PIVX, PYR, VANRY, and VIC will be shut down, and all spot orders will also be canceled. There was no specific reason provided by Binance for each coin. Instead, it referred to its wider review framework, which encompasses liquidity, development activities, network security, team behavior, transparency, tokenomics, and regulatory updates.

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Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Binance Coin, Bitcoin Mining, BNB Chain

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More