Binance will discontinue Binance Pool and its related services on November 10, 2026 at 07:00 UTC, the exchange said in an official announcement published October 13. The shutdown covers the mining pool itself plus Pool Savings, Cloud Mining and the Transaction Accelerator, and miners must point their hardware at another pool before the cutoff or stop earning.
Binance framed the move as part of an ongoing product review and gave no further reason. The announcement does not state how much hashrate is connected to Binance Pool, so the closure’s effect on overall network mining distribution is not disclosed by the company.
Key Services and Deadlines
| Service | Deadline (UTC) | Required action |
|---|---|---|
| Binance Pool mining connections / Stratum URLs | Nov 10, 07:00 | Disconnect and reconfigure miners to another pool |
| Pool Savings | Nov 10, 07:00 | Redeem / unsubscribe before it ends |
| Cloud Mining | Nov 10, 07:00 | No separate migration action stated; review outstanding balances and save records |
| Transaction Accelerator | Nov 10, 07:00 | No separate migration action stated; review outstanding balances and save records |
| Telegram hashrate alerts | Nov 10, 07:00 | No migration action; alerts stop |
| Email notifications | Nov 10, 07:00 | No migration action; notifications stop |
| Mining-pool API services | Nov 10, 07:00 | Migrate any integrations using the pool API |
| Identity verification for payouts | Nov 10, 23:59 | Complete any required identity-verification steps, where applicable, to avoid delays in eligible payouts |
| Pool page / records access | until Nov 24, 07:00 | Download or save records before removal |
What Is Not Shutting Down
The announcement is limited to Binance Pool-related services and does not announce closure of unrelated Binance products. Eligible mining shares submitted before 07:00 UTC on November 10 remain in the final reward calculation, and outstanding rewards, balances and settlements will still be processed afterward, subject to product rules, account status and compliance checks.
How to Pick a Replacement Pool
- Compare payout scheme (PPS, FPPS, PPLNS) and payout thresholds against your hashrate.
- Confirm that the replacement pool supports the same proof-of-work asset and mining algorithm used by your hardware.
- Verify server locations and latency to your mining hardware.
- Check the pool’s reputation, uptime history and hashrate share from independent trackers, not the pool’s own marketing.
- Run a short test before moving all your hashrate at once.
What Happens Next
Mining connections are cut at 07:00 UTC on November 10; shares submitted after that are not accepted or credited. Binance Pool pages stay viewable for 14 days, until November 24, for historical data and payout records, then become permanently inaccessible. The retreat reverses years of mining expansion by the exchange, which had built out cloud mining products, and lands while the mining sector is consolidating — once-leading pool Poolin filed for Chapter 11 bankruptcy.
