Binance Pool Found Only 1 Bitcoin Block in the Week Before Closure

The cryptocurrency exchange Binance's mining pool discovered only 1 Bitcoin (BTC) block in 7 days before its planned closure on November 10, 2026. According to blockchain explorer mempool space, about 925 blocks were found in the network during the period, with Binance Pool accounting for approximately 0.11%.

At the time of publication by CoinDesk, the pool had not found new blocks in the last 24 hours. Previously, its share of the total computing power of the Bitcoin network exceeded 2%, but in recent months, the figures have significantly decreased.

Binance Pool's computing power decreased by 65%

The last recorded block by Binance Pool was number 974,743. It was found on November 6 at 01:15 UTC and contained 1,353 transactions. The total reward for mining it, including user fees, amounted to about 3.134 BTC.

According to data provided by CoinDesk, Binance Pool's computing power decreased from approximately 26 exahashes per second (Eh/s) in December 2025 to 9.2 Eh/s in October 2026. Thus, the decline over the period amounted to about 65%.

However, the number of blocks found does not allow for an accurate determination of the pool's current power. Bitcoin mining is probabilistic, so the number of blocks discovered in a single week can vary significantly even with relatively stable computing volume.

Binance to cease mining pool operations on November 10

Binance announced the closure of Binance Pool on October 13, 2026. The service had been operating since April 2020, allowing independent miners to pool computing power for joint cryptocurrency mining.

According to the official notice, on November 10 at 07:00 UTC, the exchange will begin disconnecting miners and cease related services, including:

Pool Savings – an accumulation product for pool participants.

Cloud Mining – cloud mining.

Transaction Accelerator – a service to speed up transaction confirmations.

Notifications about computing power and pool software interfaces.

After the set time, Binance will stop accepting and accounting for new computational results from miners. Operations registered before the disconnection will be included in the final reward calculation according to the service terms.

Remaining payments and refunds will be processed after closure, taking into account applicable rules and checks. The operation history will remain available until November 24, 2026.

Where miners will go after Binance Pool closure

The closure of Binance Pool does not mean the cessation of mining equipment operation by its participants. Independent miners can redirect computing power to other pools, continuing Bitcoin mining.

Among the largest active operators are Foundry USA, AntPool, and F2Pool. The transition of some Binance Pool users to these companies could potentially increase their share in block mining.

However, the distribution of computing power after Binance Pool's closure is still unknown. Actual changes will become noticeable in the network statistics after the service is disconnected and the equipment of its participants is reconfigured.