Current outcome
Binance Pool remains scheduled to close on November 10, 2026, but its hashrate has dropped substantially, miners are migrating to alternative pools, and the closure's impact on hash rate redistribution and pool competition is becoming apparent.
Progress timeline
2 material updates- #01
Notice on the Closure of Binance Pool Services
Binance announced it will discontinue Binance Pool and related services — including Pool Savings, Cloud Mining, Transaction Accelerator, Telegram/email hashrate alerts, and mining pool APIs — on 2026-11-10.
Source evidence: binance_announcements · wublockchainenglish · Cointelegraph
- #02
Binance Pool is closing. Where will its Bitcoin miners go?
Binance Pool's hashrate has fallen roughly 65%, miners are migrating to alternative pools, the $500 million lending program launched in October 2022 was not addressed in the closure notice, and alternative pools including EMCD and OCEAN are actively courting displaced miners.
State after update: Binance Pool remains scheduled to close on November 10, 2026, but its hashrate has dropped substantially, miners are migrating to alternative pools, and the closure's impact on hash rate redistribution and pool competition is becoming apparent.
Source evidence: Crypto News