Binance Pool Closure Requires Miners to Change Endpoints
Binance will discontinue Binance Pool and associated mining companies at 07:00 UTC on the tenth of November, 2026, disabling mining connections and rejecting any shares submitted after the cutoff. Miners should redirect their tools to one other pool earlier than then to keep away from an interruption in Bitcoin mining exercise.
Binance mentioned the discontinuation is a part of its ongoing overview of services and products. The closure ends an operation that has run for greater than six years, however the announcement didn’t present a extra particular purpose for the choice.
At 07:00 UTC on the tenth of November, Binance will disconnect mining connections and disable its Mining Pool Stratum URLs and different mining endpoints. Hashrate submissions and mining shares obtained after that time will not be accepted, processed or credited.
The service record extends past the core pool. Pool Savings, Cloud Mining, and Transaction Accelerator will even finish, alongside mining pool APIs, Telegram hashrate alerts, and electronic mail notifications; affected merchandise won’t generate new rewards, yield, or different service advantages after the cutoff.
The operational impact is a required change of pool endpoint, not an introduced shutdown of miners’ {hardware}. Binance has not named a alternative supplier, and its discover doesn’t quantify the pool’s present mining hashrate, the variety of affected customers or the amount of computing energy anticipated to transfer.
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Binance Pool Final Rewards and Settlements Remain Conditional
Eligible mining shares submitted earlier than 07:00 UTC on the tenth of November can be included within the ultimate reward calculation below the relevant Binance Pool guidelines. This preserves the pre-cutoff calculation course of.
Binance says eligible excellent rewards, balances, refunds, and settlements could also be processed after companies finish. Processing stays topic to product phrases, account standing, threat controls, compliance checks, and relevant legal guidelines, so the announcement doesn’t set up a common cost date or assure that each stability can be paid.
The alternate will take away Binance Pool hyperlinks from its homepage on the tenth of November. Users with lively Pool Savings positions are being requested to unsubscribe and/or redeem their positions earlier than the service ends, whereas account holders ought to guarantee their accounts can obtain any eligible remaining funds.
Miners Face a Migration Deadline
Before 07:00 UTC on the tenth of November, miners ought to disconnect from Binance Pool and reconfigure their machines to one other pool. The timing issues operationally: tools nonetheless pointed at Binance’s disabled endpoints will not submit work there after the cutoff.
Users also needs to full any required id verification or different account steps by 23:59 UTC on the tenth to assist facilitate the well timed processing of eligible rewards, refunds, or settlements. That later account deadline doesn’t lengthen mining entry past 07:00 UTC.
Binance Pool pages will stay accessible for 14 days after the service cutoff, till 07:00 UTC on twenty fourth of November, for historic knowledge, account data, and payout standing the place available.
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