Binance Will Shut Down Its Bitcoin Mining Pool Infrastructure in November
Binance announced it will terminate its mining pool and associated services on Nov. 10 as part of an ongoing review of its products.
FTMQ Crypto, written by our newsroom0 views
Binance will shut down its mining pool and multiple related services on Nov. 10, 2026, Decrypt reported. The cryptocurrency exchange announced the decision as part of a retreat from its mining infrastructure operations. [2]
According to Decrypt, the closure affects Binance Pool, Pool Savings, Cloud Mining, and the Transaction Accelerator. The exchange is also discontinuing Telegram hashrate alerts, email notifications, and the API for the pool. [2]
In an announcement cited by Decrypt, Binance stated that all Binance Pool services will be discontinued on Nov. 10 following an ongoing review of its products and services. The closure ends six years of operations for the mining pool infrastructure. [2]
Bitcoin was invented in 2008 by an unknown individual using the pseudonym Satoshi Nakamoto, and the open source software was released in 2009. The system functions as a decentralized cryptocurrency. [4]
In short
- Binance will shut down Binance Pool and related services on Nov. 10, 2026.
- The discontinuation covers Cloud Mining, Pool Savings, and the Transaction Accelerator.
- Binance is closing the mining pool after six years of operation.
- Bitcoin was created in 2008 by the pseudonymous Satoshi Nakamoto.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]How Bitcoin Works: Mining, Fees, Security & MoreThe Block, 13h ago (the report this story comes from)
- [2]Binance Is Shutting Down Its Bitcoin Mining Pool After Six YearsDecrypt, 1d ago
- [3]Bitcoin UTXO Explained: How Wallet Inputs Impact Fees, Privacy, and SpeedMEXC, 16h ago
Background
- [4]Bitcoin on Wikipedia
- [5]Security on Wikipedia
- [6]Mining on Wikipedia
- [7]Security & on Grokipedia
Our newsroom writes these reports with the help of software, from the 7 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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