Binance Announces Closure of Mining Pool and Cloud Services by November 10

The major cryptocurrency exchange Binance has officially announced the termination of its mining pool operations and all associated services. According to the platform's recent update, the decommissioning process is scheduled for completion at 15:00 (UTC+8) on November 10, 2026. This move marks a significant shift for the ecosystem, as it includes the cessation of hash rate management, cloud mining, and technical notification systems, forcing participants to migrate their hardware to alternative providers.

Scope of Service Termination and Technical Impact

The shutdown is comprehensive, affecting both active mining operations and passive investment products integrated within the mining ecosystem. Users will no longer have access to a variety of tools and features previously central to the platform's mining infrastructure.

• Binance Pool and Pool Savings: All mining connections and stratum addresses will be disabled.
• Cloud Mining and Transaction Acceleration: Support for remote mining contracts and on-chain transaction speed improvements will cease.
• Technical Services: API services, Telegram hashrate reminders, and email notifications will no longer function.

Technical experts note that any shares or hashrate submitted to Binance stratum addresses after the November 10 deadline will not be recorded or compensated. Consequently, the exchange has issued an urgent advisory for miners to reconfigure their ASIC or GPU rigs to other compatible pools immediately to avoid revenue loss.

Transition Deadlines and Asset Management

For those utilizing Pool Savings, Binance recommends that users manually check their current positions. While the platform allows for subscriptions and redemptions, these must be handled prior to the service cutoff to ensure a smooth transition of funds.

Binance Pool will disconnect mining connections and disable Stratum addresses and mining endpoints. Any hashrate and shares submitted thereafter will no longer be accepted or accounted for.

To assist with the transition, the Binance Pool historical data page will remain accessible until 15:00 (UTC+8) on November 24, 2026. This two-week grace period is intended to allow users to export their mining logs, tax information, and reward history before the interface is permanently removed from the Binance website.

In conclusion, the withdrawal of one of the industry's largest players from the mining pool sector necessitates immediate action from the global mining community. Participants are urged to secure their data and migrate their mining power to ensure operational continuity in the evolving blockchain landscape.