Binance to Discontinue Mining Services on November 10, 2026

Binance has announced the permanent discontinuation of its mining services, including Binance Pool, Cloud Mining, Pool Savings, and Transaction Accelerator, effective November 10, 2026. The decision, which affects a range of services from mining connections to transaction acceleration, marks a significant shift in Binance's operational focus.

According to multiple outlets, the shutdown will commence at 07:00 UTC on November 10. Miners utilizing Binance's services will need to redirect their computing power to alternative mining pools before this deadline to avoid disruptions. Binance will cease accepting new hashrate submissions and disable mining endpoints at the time of the shutdown.

While most outlets corroborate the core details of the shutdown, there are minor discrepancies in the reporting. For instance, Unchained specifies that miners will have until November 24 to view their historical mining records and payout status, whereas other outlets do not provide this specific timeframe. Additionally, the coverage from CoinCodex and Decrypt emphasizes that the shutdown is part of a broader product review by Binance.

The decision comes amid a period of significant change in the crypto mining landscape. Binance Pool, which was launched to support miners and enhance the decentralization of the Bitcoin network, has been a notable player in the mining space. However, the company's strategic shift away from mining infrastructure suggests potential changes in its long-term vision for crypto services.

As of the latest data, the Bitcoin network hashrate stands at 1008 EH/s, according to mempool.space, indicating a robust and active mining community. The broader crypto market, however, is experiencing a downturn, with the total market cap at $2.82 trillion and Bitcoin's price at $81,771, down 1.90% in the last 24 hours. The Fear & Greed Index remains at 53, indicating a neutral market sentiment.

The discontinuation of Binance's mining services may prompt miners to seek alternative platforms, potentially leading to shifts in the distribution of mining power across different pools. As the November 10 deadline approaches, it will be important to monitor how miners adapt and whether other major players in the mining space will step up to accommodate the transition.