Binance Pool Shutdown: Five Services Set to End on November 10
Binance Pool Shutdown: How Mining, Savings and APIs Will Be Affected
The Binance Pool shutdown has a hard date: all mining services end on November 10, 2026, at 07:00 UTC. Binance posted the notice today, October 13, which gives miners 28 days to move.
The closure covers Binance Pool, Pool Savings, Cloud Mining, the Transaction Accelerator and the pool APIs, per the official announcement. Whether earned rewards remain available after the switch, and what was the reason behind this Binance pool shutdown?
Binance Pool Shutdown Timeline: Products Closing and Key Deadlines
The Binance Pool shutdown notice covers far more than the pool itself. Every product below closes on the same day:
Binance Pool: mining connections are cut and Stratum addresses switch off
Pool Savings: the product closes, so positions need redeeming first
Cloud Mining: closes with the pool
Transaction Accelerator: closes with the pool
Extras: Telegram hashrate alerts, email notices and pool API services also end
Four dates frame the closure, all in UTC:
October 13, 03:00: Binance publishes the notice
November 10, 07:00: services end and mining endpoints go offline
November 10, 23:59: last moment to finish identity checks needed for payouts
November 24, 07:00: historical data pages close permanently
The notice also answers the question many miners will ask first: could rewards be lost? Shares submitted before the cutoff still count toward the final calculation.
Leftover rewards, refunds and settlements are processed afterward, though payment depends on the pool’s product terms, account status and compliance checks. In plain terms, the Binance Pool shutdown ends new earnings, not payment for work already done.
What’s Behind This Binance Pool Shutdown Decision?
Binance gives one reason: an ongoing review of its products and services. The notice says nothing about profits, regulation or technical problems, so the Binance shutdown update arrives without a detailed explanation.
Brazil adds context to the platform shutdown news. The exchange announced on October 8 that Brazilian residents lose eight services from October 27, including Binance Pool and Cloud Mining, as local customers move under new central bank rules.
That is two weeks from today and well before the global cutoff. Binance has not linked the worldwide closure to the Brazil rules, so the two are best treated as separate decisions.
Bitcoin Impact: Limited, With Binance Pool Below 1% of Hashrate
The Binance Pool shutdown looks small for Bitcoin itself. Block data from mempool.space put the pool at about 4.71 EH/s over seven days to October 12, roughly 0.46% of the network and 14th among pools, per Simple Mining’s tracker.
Some older estimates showed 7% to 8%, so readings differ by window, and small pools swing because estimates rest on blocks found.
Most departing miners will likely reconnect elsewhere, so total hashrate should hold. The open question is concentration. If Binance miners crowd into the biggest pools, that figure could climb.
How Miners and Pool Savings Users Can Exit Safely Before November 10
The Binance Pool shutdown checklist is short, but each step has its own deadline:
Move the machines: point miners at another pool before November 10, 07:00 UTC. Hashrate sent to Binance afterward earns nothing.
Redeem Pool Savings: review active positions and unsubscribe or redeem them before the service ends.
Prepare for payouts: make sure the account can receive final rewards, and finish any identity verification by November 10, 23:59 UTC.
Save records: download reports, transaction history and payout records before November 24, 07:00 UTC.
Get help: use Binance Customer Support or the Help Center, both listed in the notice.
Two practical points apply. A short test run on the new pool before the cutoff catches setup errors, and its fees, payout method and regional availability deserve a check. Also, only follow instructions posted on official Binance channels, since closures can attract scammers posing as support staff.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
