Binance Prepares to Shut Down Bitcoin Mining Pool Following Steep Hashrate Plunge

Binance is set to officially disconnect miners and terminate its Bitcoin mining pool operations on November 10 at 07:00 UTC. The closure follows a sharp 65% drop in computing capacity, with the pool's hashrate sliding from 26 exahashes per second (EH/s) to 9.2 EH/s, cutting its network share from 2.3% to under 1%. Ahead of the shutdown, Binance Pool discovered just one of roughly 925 Bitcoin blocks over a seven-day stretch—a 0.11% network share—and zero blocks in the subsequent 24-hour period. Its final recorded block, number 974,743, was mined on November 6.