Binance was reported to have scheduled the closure of Binance Pool and several related mining services for 07:00 UTC on November 10, 2026. Miners who want to keep mining through a pool would need to move their equipment to another pool before then.
- Scheduled cutoff: November 10, 2026, at 07:00 UTC
- Reported services affected: Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, mining APIs, and hashrate alerts
- Stated reason: A review of Binance’s products and services; no specific cause was reported
What is scheduled to end?
CryptoRank reported that Binance announced the planned discontinuation on October 13, 2026, and linked to a Binance notice. The available reports do not reproduce the full notice. Customers should check Binance’s official announcement for the exact terms and any instructions specific to their accounts.
The reported closure covers more than the mining pool. Affected services include Pool Savings, Cloud Mining, the Transaction Accelerator, mining pool API services, Telegram hashrate alerts, and email notifications. The reports do not clarify whether all these products share the same cutoff or have separate conditions.
What miners need to know
A mining pool lets participants combine computing power and receive rewards under the pool’s payout rules. Miners send proof-of-work attempts, often called “shares, ” to the pool, which uses them to track each participant’s contribution. Miners connect by entering the pool’s address, commonly called a Stratum URL, in their hardware or software settings.
CryptoRank reported that Binance planned to disable its mining connections and endpoints at 07:00 UTC on November 10. Miners who want to keep mining through a pool would need to update their settings and connect to another pool before then. They would be changing their service connection, not replacing otherwise functional mining equipment.
CryptoRank says shares accepted before the cutoff would count toward the final reward calculation. Shares sent afterward would not be accepted, processed, or credited. That does not guarantee payment to every user. Any payout remains subject to Binance’s rules, account status, and applicable product terms.
Balances, verification, and records
CryptoRank reported that Pool Savings users were advised to redeem active positions before the service ends. It also said eligible unpaid rewards, refunds, or balances would be handled after discontinuation, subject to product terms and compliance checks. This should not be taken as a promise of immediate or unconditional payment.
Bitcoinfoundation.org reports that users should complete any required identity verification by 23:59 UTC on November 10, 2026, more than 16 hours after the reported mining cutoff. The available reporting does not say exactly what verification is required or whether customers must complete it before mining ends. Affected users should confirm the requirement and deadline in Binance’s own notice.
CryptoRank says pool pages would remain available for historical data and payout records until November 24. Bitcoinfoundation.org specifies 07:00 UTC that day. The sources differ in precision, and the original notice is not reproduced in full, so users should confirm the archive deadline directly with Binance.
Why is Binance closing the services?
CryptoRank says Binance described the move as part of an ongoing review of its products and services, but gave no specific reason. A separate claim that changes in the mining industry, such as Stratum V2, drove the decision is not supported by Binance’s stated explanation. Treat it as speculation, not the company’s rationale.
The available reports provide no figures for Binance Pool’s hashrate, market share, user count, or customer balances. Without those numbers, the impact on miners and the wider mining market cannot be reliably assessed.
Key questions and answers
-
When was Binance Pool scheduled to close?
CryptoRank reported a cutoff of 07:00 UTC on November 10, 2026. The available information describes a planned closure and does not confirm whether it was completed.
-
Which services were reportedly affected?
Reports list Binance Pool, Pool Savings, Cloud Mining, the Transaction Accelerator, mining APIs, Telegram hashrate alerts, and email notifications.
-
What should miners do?
Miners who want to keep mining through a pool should configure their equipment to connect to another pool before Binance disables its mining endpoints.
-
Did Binance give a specific reason?
The reported explanation was an ongoing review of products and services. No more specific reason was reported.
