Binance will shut down its mining pool and related services on November 10, ending access to the affected products according to the announced timeline. The services include Binance pool and mining service, which form part of the exchange’s broader cryptocurrency earning and mining ecosystem.
A mining pool allows cryptocurrency miners to combine their computing power to improve their chances of earning mining rewards. Participants typically receive a share of rewards based on their contributed computing resources and the pool’s payout structure. By operating a mining pool, Binance has provided users with access to infrastructure supporting cryptocurrency mining activities.
Cloud Mining offers a different approach by allowing users to purchase or subscribe to mining hashrate without running their own physical mining equipment. Pool Savings, meanwhile, connects to the platform’s mining related financial products. The closure of these services will affect users differently depending on their active subscriptions, mining contracts, and account arrangements.
Binance users should take several steps before the November 10, 2026, deadline to avoid disruptions and protect access to eligible balances. The exchange has advised customers to review their active mining arrangements and complete any necessary account actions before the affected services stop operating.
Bitcoin miners who currently use Binance Pool should configure their mining equipment to connect to another mining pool before the shutdown. Binance will deactivate its Stratum addresses and mining endpoints, meaning mining machines that continue using the old connections will no longer submit accepted mining shares after the cutoff.
Users with active Pool Savings positions should also review their holdings and cancel subscriptions or redeem positions before the service ends. Binance says eligible unpaid rewards, refunds, and other settlements will follow the applicable product terms, account status, compliance checks, and risk controls. Users should not assume every outstanding balance qualifies for automatic payment.
The official announcement sets the shutdown for November 10, 2026, at 15:00 UTC+8 (07:00 UTC). Binance will keep relevant historical pages available until November 24, 2026, at 15:00 UTC+8, allowing users to review historical records and reward distribution information before permanent closure.
The decision does not mean Binance will shut down its entire cryptocurrency exchange. Instead, it targets Binance Pool and its associated mining products. Users should consult the official announcement for the complete list of affected services, settlement conditions, and deadlines.
