Binance to Shut Down Mining Pool Operations on November 10
Binance's decision to close its mining pool will require Bitcoin miners to find new services within weeks.
Binance's decision to close its mining pool will require Bitcoin miners to find new services within weeks. Bitcoin (BTC) is trading at $81,088.00, down 0.4% since this brief published. This is an original TLT brief based on reporting by NewsBTC, with live market data added, as of Sun, 18 Oct 2026 15:15:02 UTC.
The shutdown impacts Bitcoin miners relying on Binance's infrastructure and could lead to a redistribution of mining power across other pools. It also reflects Binance's strategic shift away from certain crypto services.
- Binance Pool to cease operations on November 10, 2026.
- Miners must redirect hashrate before the deadline to avoid disruptions.
- Closure includes Pool Savings, Cloud Mining, and related services.
- Bitcoin hashrate at 1019 EH/s as miners prepare for transition.
- Binance to Discontinue Mining Services on November 10, 2026
- Binance to Shut Down Bitcoin Mining Pool on November 10
- Binance to Shut Down Mining Pool Operations on November 10 — this brief
Binance has announced the discontinuation of its mining pool and related services, effective November 10, 2026, at 07:00 UTC. The decision encompasses a range of offerings, including Pool Savings, Cloud Mining, the Transaction Accelerator, and supporting features like mining pool APIs and hashrate alerts.
Bitcoin miners currently using Binance Pool will need to redirect their machines to other pools before the cutoff to ensure uninterrupted mining activity. The move comes as the Bitcoin network's hashrate stands at 1019 EH/s, according to mempool.space, indicating a robust and active mining ecosystem.
The closure is part of a broader strategic shift by Binance, which is scaling back certain crypto services. While the exact reasons for the shutdown are not specified, it suggests a potential reevaluation of the company's involvement in the mining sector.
The decision may lead to a redistribution of mining power across other pools as miners seek new homes for their operations. This could have implications for the decentralization of the Bitcoin network, as the distribution of hashrate among pools affects network security and resilience.
With the Bitcoin market currently experiencing minor fluctuations, with a 24-hour price change of -0.04% and a market cap of $1.64 trillion, the impact of the Binance Pool closure on the broader market remains to be seen. Miners and investors will be watching closely to see how the transition unfolds.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from $81,375.00 to $81,088.00 — -0.35%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦110.65M (about $81,088.00), down 0.5% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 18, 2026.
TLT 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 to Shut Down Mining Pool Operations on November 10 — questions & answers
When will Binance Pool shut down?
Binance Pool will cease operations on November 10, 2026, at 07:00 UTC.
What services are affected by the shutdown?
The shutdown includes Pool Savings, Cloud Mining, the Transaction Accelerator, and related features like mining pool APIs and hashrate alerts.
What do miners need to do?
Miners must reconfigure their machines to connect to a different pool before the November 10 deadline to avoid interruptions.
How much is 1 Bitcoin worth in naira today?
About ₦110.65M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81,088.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.35% since this brief first published — trading at $81,088.00 now versus $81,375.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from NewsBTC. 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 TLT 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.