# Binance Pool shuts on 10 November: miners must move hashrate and redeem Pool Savings before the deadline

Source: Searchable (https://searchable.pk/news/crypto/binance-pool-shuts-on-10-november-miners-must-move-hashrate-and-redeem-pool)
Type: News article
Author: Searchable Editorial
Published: 13 Oct 2026
Updated: 13 Oct 2026
Retrieved: 13 Oct 2026

> Binance is closing its six-year-old mining pool along with Cloud Mining, Pool Savings and the Transaction Accelerator. Records stay readable until 24 November.

Binance will close **Binance Pool on 10 November 2026**, ending its crypto mining pool after more than six years, Cointelegraph reported from the exchange's announcement. The shutdown also covers **Pool Savings, Cloud Mining, the Transaction Accelerator**, mining pool APIs and hashrate notifications.

Binance gave no specific reason beyond an ongoing review of its products and services.

## Key dates

| Date | What happens |
|---|---|
| Before 10 November | Move your mining hashrate to another pool; redeem or unsubscribe from Pool Savings |
| 10 November | Mining endpoints disabled, miners disconnected, no new shares credited, rewards and yields stop |
| After 10 November | Eligible rewards, balances, refunds and settlements paid out, subject to product rules and compliance checks |
| 24 November | Last day to view historical mining records and payout information |

## What to do if you mine or hold Pool products

1. **Point your miners at a new pool** before 10 November. Any hashrate still sent to Binance after the cut-off earns nothing.
2. **Redeem Pool Savings** positions now rather than waiting for an automatic settlement.
3. **Download your mining and payout history** before 24 November. After that date the pages become permanently inaccessible, and the record is your only proof of what you earned and when. For working out tax on your total income, see the [income tax calculator](/tools/tax/income-tax-calculator).
4. **Cloud Mining** stops generating rewards on the same date; outstanding balances are settled after the shutdown under the product's rules.

## Background

Binance launched its pool in April 2020 for bitcoin and later added other coins. Bitcoin itself was trading near **$83,660** on Tuesday ([bitcoin price in rupees and dollars](/data/btc-usd)), and ether near $2,527 ([ether price](/data/eth-usd)).

The same day, the NFT marketplace Blur said it was shutting its website after trading volumes collapsed, CoinDesk reported.

## Frequently asked questions

**When does Binance Pool shut down?**

On 10 November 2026. Historical mining records stay available until 24 November.

## Sources

- Binance to shut down crypto mining pool services in November (Cointelegraph): https://cointelegraph.com/news/binance-shut-down-crypto-mining-pool-november
- Once-largest Ethereum NFT marketplace Blur is shutting down after volumes collapse 99% (CoinDesk): https://www.coindesk.com/tech/2026/10/13/once-largest-ethereum-nft-marketplace-blur-is-shutting-down-after-volumes-collapse-99

How to cite: "Binance Pool shuts on 10 November: miners must move hashrate and redeem Pool Savings before the deadline", Searchable, 13 Oct 2026, https://searchable.pk/news/crypto/binance-pool-shuts-on-10-november-miners-must-move-hashrate-and-redeem-pool