Binance Closes Bitcoin Mining Pool
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AI-assisted source synthesis · not an independent investigation.
On October 15, 2026, CoinDesk reported that Binance’s Bitcoin mining pool (Binance Pool) would close after its hash rate declined by 65%. The report cited data indicating that the mining pool had previously accounted for approximately 2.3% of Bitcoin’s total network hash rate. Binance plans to shut down Binance Pool at Nov. 10 7 a.m. UTC, while also discontinuing Pool Savings, Cloud Mining, transaction accelerator, and related services. The report stated that miners would have approximately four weeks to migrate their hash rate.
AI-written from reports · updated 4 days ago
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- CoinDeskBinance to shut down its Bitcoin mining pool after hashrate fell 65%; it once accounted for 2.3% of the network
Binance will shut down Binance Pool, Pool Savings, Cloud Mining, transaction accelerator and related services at Nov. 10 7 a.m. UTC, giving miners about four weeks to migrate their hashrate.
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