CoinDesk
Binance Pool found one of roughly 925 Bitcoin blocks over seven days, representing about 0.11% of block production, and none in the latest 24 hours. Its most recent identified block was 974,743, mined at 01:15 UTC on November 6 with 1,353 transactions and approximately 3.134 BTC in rewards and fees. Binance is scheduled to disconnect miners on November 10 at 07:00 UTC.
Why it matters
The shutdown will end Binance Pool's block-reward services, cloud mining, pool savings and transaction accelerator. Binance launched the pool in April 2020, and it once controlled more than 2% of Bitcoin's computing power. Mempool.space data show how small the operation has become: its latest block came on November 6, shortly before the scheduled closure.
Binance Pool's computing power had already fallen from approximately 26 exahashes per second in December 2025 to about 9.2 EH/s in October, a decline of roughly 65%. One week of block discoveries cannot establish its remaining hashrate precisely because rewards are randomly distributed, but the broader contraction is clear.
Market impact
Miners can redirect their machines to another pool without powering them down, so Binance's exit does not necessarily remove capacity from Bitcoin mining. Instead, it could shift block production toward established competitors such as Foundry USA, AntPool and F2Pool.
The transition may increase concentration among major pools if displaced miners cannot spread their hashrate across several providers. That would change the distribution of Bitcoin block rewards, although the seed provides no evidence that the shutdown would weaken network security or directly determine BTC's price.
Frequently asked questions
-
How many Bitcoin blocks did Binance Pool find in seven days?
Binance Pool found one of roughly 925 Bitcoin blocks during the seven-day observation period, equal to about 0.11% of total block production.
-
When is Binance scheduled to shut down its mining pool?
Binance plans to disconnect miners at 07:00 UTC on November 10, ending block-reward services, cloud mining, pool savings and its transaction accelerator.
-
How much hashrate did Binance Pool lose?
Its computing power fell from approximately 26 EH/s in December 2025 to about 9.2 EH/s in October, a decline of roughly 65%.
-
What happens to miners when Binance Pool closes?
Miners can redirect their machines to another pool without shutting them down, preserving their mining activity but potentially shifting block production to larger competitors.
-
Could Binance Pool's shutdown weaken Bitcoin network security?
The shutdown does not necessarily remove mining capacity from the network. Its main effect is likely to redistribute hashrate and rewards among competing pools.
CryptoSlate
WuBlockchain
TheBlock