Binance pulls the plug on its mining pool: miners have until November 10 to point their machines somewhere else

Binance is getting out of the mining pool business. The exchange said in a notice on Tuesday that Binance Pool and three related services, Pool Savings, Cloud Mining and Transaction Accelerator, will be discontinued on November 10, 2026, at 07:00 UTC.

From that moment the pool will start disconnecting miners and switch off its mining endpoints. Hashrate and mining shares submitted afterward will not be accepted or credited, the notice says. Telegram hashrate alerts, email notifications and the pool's API services go at the same time.

Miners are told to point their machines to a different pool before the cutoff. Users with money in Pool Savings should redeem or unsubscribe before the service ends. Anyone owed rewards, refunds or settlements has until 23:59 UTC on November 10 to complete any steps Binance requires, such as identity verification. The pool's pages will stay open for 14 days so users can view and save their records, then become permanently inaccessible on November 24 at 07:00 UTC.

Binance gave only a short reason: an ongoing review of its products and services. The Block noted that the closure comes as the exchange expands in other directions, including options on more than 1,000 US-listed stocks and ETFs, announced last month, and an AI-powered trading interface rolled out to English-language users worldwide on Monday.

After the cutoff no new rewards, yield or service benefits will build up, The Block reported, so miners who do nothing by November 10 will simply stop earning from the pool.