Binance Is Shutting Down Its Bitcoin Mining Pool After Six Years

[Ibezim Franklin]

Binance will discontinue Binance Pool, Pool Savings, Cloud Mining, and other related services in a retreat from mining infrastructure
Binance will discontinue Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator and related features at 07:00 UTC on Nov. 10.
Miners must point their hardware to another pool before the cutoff, and Pool Savings users must redeem their positions before the service ends.
The closure follows Binance's July shutdown of its exchange NFT service and its June push into U.S. stocks and tokenized equities.
Binance will shut down its mining pool and several related services on Nov. 10, the exchange said in an announcement published Tuesday. The closure covers Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator, along with Telegram hashrate alerts, email notifications, and the pool's API.

“As part of our ongoing review of products and services, Binance will discontinue Binance Pool and related services on 2026-11-10,” Binance wrote. “All Binance Pool-related services will be discontinued. Binance Pool will begin disconnecting mining connections, and Binance Mining Pool Stratum URLs and mining endpoints will be disabled. Hashrate submissions and mining shares submitted after this time will no longer be accepted, processed, or credited.”
A mining pool combines the computing power of many miners and splits block rewards among them based on the work each one contributes. Cloud Mining let users buy hashrate, a slice of mining power, without owning any hardware, while Transaction Accelerator helped users push through Bitcoin transactions that were slow to confirm because of low fees or network congestion.