REPORTED by crypto.news. TSN has not fetched Binance’s own support announcement on binance.com (the page is blocked by human-verification), so this post is not labelled CONFIRMED.
Binance will permanently shut down Binance Pool and its related cryptocurrency mining services on 10 November 2026 at 07:00 UTC (08:00 BST), crypto.news reports, ending support for mining connections, reward generation and several associated products [1].
A mining pool is a shared group of miners who combine their computing power so they find new blocks more often, then split the rewards. Alone, a small miner might wait a very long time for a payout; in a pool, payouts are more frequent but shared.
What closes, and when
According to crypto.news, the cutoff is 07:00 UTC on 10 November 2026. From that time Binance will disconnect mining equipment from its pool and disable the Stratum addresses and mining endpoints used to submit computing power [1].
Services listed as closing include [1]:
- Binance Pool
- Pool Savings
- Cloud Mining
- Transaction Accelerator
- mining APIs
- automated hashrate notifications (including Telegram hashrate alerts and email notifications, as crypto.news describes them)
crypto.news says the affected products would no longer generate new rewards, yield or service benefits after the closure [1].
What miners need to do
crypto.news reports that users have been instructed to move their mining equipment to other pools before the cutoff to prevent interruptions. Any mining shares or hashrate submitted after the deadline would no longer be accepted, processed or credited toward mining rewards [1].
Eligible mining shares submitted before 07:00 UTC on 10 November would remain part of the final reward calculation under the platform’s existing mining rules, the report says. Eligible unpaid mining rewards and refunds would be processed after closure under applicable Binance rules [1].
Historical records
crypto.news says Binance will retain historical mining records until 24 November (until 07:00 UTC on that day, in its account), after which the relevant pages close permanently. Customers have been encouraged to save mining records and related account history before then [1].
Why Binance says it is closing the pool
crypto.news reports that Binance, in a 13 October announcement, said the closure follows its ongoing review of products and services. The report says Binance has not provided a separate explanation beyond that regular product and service review [1].
TSN has not independently opened that Binance announcement page.
Sources
- crypto.news (Olivia Stephanie), “Binance to shut down its crypto mining pool on Nov. 10”, 13 October 2026. https://crypto.news/binance-to-shut-down-its-crypto-mining-pool-on-nov-10/
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