Summary

  • Binance’s Bitcoin mining pool produced just one Bitcoin block over the past seven days ahead of the service’s shutdown.
  • Binance said it will cut off miner connections starting at 7 a.m. UTC on Nov. 10 and end its block reward service, cloud mining, pool savings products and transaction acceleration service.
  • When Binance Pool shuts down, existing participants may move to major mining pools such as Foundry USA, Antpool and F2Pool, potentially bringing additional computing power to those operators.

Forecast Trend Report by Period

Binance’s Bitcoin mining pool saw output slump sharply ahead of the service’s closure.

CoinDesk reported on Nov. 9, citing data compiled by blockchain data platform mempool.space, that Binance Pool produced just one Bitcoin block over the past seven days. That represented about 0.11% of the roughly 925 blocks generated across the Bitcoin network during the same period.

The pool did not produce any new blocks in the past 24 hours. The last block mined by Binance Pool was No. 974743, created at 1:15 a.m. UTC on Nov. 6. It included 1,353 transactions, and the mining reward, including fees, was about 3.134 BTC.

Binance announced last month that it would shut down its mining pool business. Starting at 7 a.m. UTC on Nov. 10, it will disconnect miners and end its block reward service, cloud mining, pool savings products and transaction acceleration service.

Binance Pool’s mining competitiveness had already weakened over the past several months. Its hashrate fell to about 9.2 exahashes per second last month from roughly 26 EH/s in December 2025. That amounts to a 65% decline in total computing power over about 10 months.

Mining pools operate by combining the computing resources of multiple miners to generate Bitcoin blocks and distribute rewards. Still, block production is probabilistic, making it difficult to precisely judge actual hashrate based on just one week of mining results.

When Binance Pool ceases operations, existing participants may move to other mining pools. That raises the possibility of additional computing power flowing to major operators such as Foundry USA, Antpool and F2Pool, which already command a large share of the Bitcoin network.

Suehyeon Lee