Binance Mining Pool to Shut Down on November 10 After Six Years of Operation
Binance will discontinue its mining pool services, impacting miners who must migrate before November 24.
Binance will discontinue its mining pool services, impacting miners who must migrate before November 24. This is an original Token Times brief synthesising 4 outlets (TronWeekly, Unchained, DailyCoin, and others), plus live market data, as of Wed, 14 Oct 2026 04:45:02 UTC.
The shutdown marks the end of Binance's six-year involvement in crypto mining, affecting miners who relied on its infrastructure and services. The move could redistribute mining activity across the industry as participants seek alternative platforms.
- Binance mining pool shuts down on November 10 at 07:00 UTC.
- Miners must migrate hashrate and claim rewards before November 24.
- Services including Pool Savings, Cloud Mining, and APIs will be discontinued.
- Market cap remains at $2.89T with Bitcoin up 0.50% in 24 hours.
All four outlets - TronWeekly, Unchained, DailyCoin, and Crypto.news - confirm that Binance will shut down its mining pool on November 10 at 07:00 UTC, with miners required to migrate their operations before November 24. They agree on the discontinuation of services like Pool Savings, Cloud Mining, and APIs. However, while TronWeekly emphasizes the preservation of historical payout records until the deadline, Unchained highlights the timeframe for miners to view their payout status, and DailyCoin and Crypto.news focus on the redirection of hashrate and claiming of rewards.
- Binance to Discontinue Crypto Mining Services After Six Years
- Binance Mining Pool to Shut Down on November 10 After Six Years of Operation — this brief
Binance has announced the discontinuation of its mining pool services, effective November 10 at 07:00 UTC. The shutdown marks the end of a six-year journey that began in April 2020, as reported by TronWeekly.
The closure will affect several key services, including Pool Savings, Cloud Mining, and APIs. Miners who utilize the Binance mining pool will need to migrate their operations and hashrate to alternative platforms before the November 24 deadline, as detailed by Unchained and Crypto.news.
Multiple outlets corroborate the November 10 shutdown date and the November 24 deadline for miners to finalize their migration and claim any outstanding rewards. TronWeekly, Unchained, DailyCoin, and Crypto.news all highlight the need for miners to take prompt action to avoid losing access to their records and payout status.
The decision by Binance to exit the mining pool sector comes at a time when the crypto market is experiencing relative stability, with a total market cap of $2.89 trillion and 
Bitcoin showing a modest 24-hour gain of 0.50%, according to current market data.
The Fear & Greed Index stands at 62, indicating a 'Greed' sentiment in the market. This backdrop suggests that while the Binance mining pool shutdown is significant for affected miners, it may not have an immediate broader impact on the overall market sentiment.
Figures and sectors in this story, checked live against on-chain aggregators · October 14, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Mining Pool to Shut Down on November 10 After Six Ye — questions & answers
When will Binance shut down its mining pool?
Binance will shut down its mining pool on November 10 at 07:00 UTC.
What should miners do before the shutdown?
Miners must migrate their hashrate and claim rewards before November 24.
Which services will be discontinued?
Pool Savings, Cloud Mining, and APIs will be discontinued.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly, Unchained, DailyCoin, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.