Binance Pool Shutdown: What Miners Must Do Before November 10

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• Binance will discontinue Binance Pool, Cloud Mining, Pool Savings and related services on November 10, 2026.
• Miners must update their Stratum connections before the shutdown to maintain mining operations.
• Outstanding rewards remain subject to Binance’s settlement rules, while historical records will be removed on November 24.

Binance is preparing to shut down its cryptocurrency mining infrastructure, forcing miners to move their computing power to competing pools before the exchange terminates its Stratum connections.

The company confirmed in an October 13 announcement that Binance Pool and its related services will close on November 10, 2026, at 07:00 UTC. The decision also affects Cloud Mining, Pool Savings, Transaction Accelerator, mining APIs and notification services.

Binance attributed the closure to an ongoing product review without providing specific financial or operational reasons.

For mining operators, the immediate concern is maintaining uninterrupted access to block rewards. Hardware that remains configured to Binance’s discontinued servers will no longer submit eligible mining shares, even if the machines continue operating.

The closure does not affect Binance’s broader cryptocurrency exchange or terminate mining on the Bitcoin network.

How to Move ASIC Miners Away From Binance Pool

Mining pools distribute computational work to connected machines and calculate payments based on the shares they contribute. These connections typically rely on Stratum, a communication protocol linking mining hardware with pool servers.

Switching providers requires updating the mining equipment’s configuration rather than replacing the hardware.

The process varies by manufacturer, firmware and pool, but the essential steps are similar.

1. Save existing mining records. Export available payout histories, worker statistics and outstanding balances from Binance before changing providers.
2. Choose a replacement pool. Compare fees, payout methods, minimum withdrawal thresholds and server availability in the miner’s region.
3. Obtain the new Stratum address. Copy the server URL directly from the replacement pool’s official documentation.
4. Update worker settings. Enter the new pool URL, worker name and any required password or account information in the miner’s configuration interface.
5. Confirm accepted shares. Check the replacement pool’s dashboard to ensure the machine is connected and its reported hashrate is consistent with normal operation.

On supported Antminer models, operators can access the device’s local management interface and update the pool information under Miner Configuration. Bitmain’s official setup guide explains the process.

WhatsMiner operators can use the manufacturer’s management software to configure pool addresses and worker credentials across multiple machines. The company provides dedicated configuration instructions.

Operators should test a replacement connection before migrating an entire mining fleet. A valid server address alone does not confirm that a worker is receiving assignments or submitting accepted shares.

Which Bitcoin Mining Pools Could Replace Binance?

Binance has not announced an automatic transfer arrangement with another mining provider.

Miners must therefore select their own replacement based on operating requirements.

Two established alternatives, F2Pool and ViaBTC, publish their Bitcoin payout methods and fees. AntPool is another established operator, although its current applicable fee schedule should be confirmed directly before making a comparison.

The difference between payment models deserves particular attention.

FPPS (Full Pay Per Share) generally provides predictable payments based on contributed work, including an estimate of transaction fees. PPLNS (Pay Per Last N Shares) ties rewards to the pool’s actual block discoveries and a miner’s contribution over a defined period, making payouts more variable.

ViaBTC also offers PPS+, which applies different calculations to block subsidies and transaction fees.

The following comparison uses the providers’ published terms rather than estimated mining profitability.

Bitcoin Mining Pool Fee Comparison

F2Pool’s published Bitcoin schedule lists a 4% FPPS fee and a 2% PPLNS fee. ViaBTC charges 4% on the block-subsidy component under PPS+, with a separate 2% fee on transaction-fee rewards. Its PPLNS model carries a 2% fee.

A miner comparing only the headline percentages could overlook differences in payment calculations, reward variability and withdrawal conditions.

Server latency, payout frequency and minimum thresholds may be equally important for smaller operations. A low fee offers limited practical value if payouts remain below the withdrawal threshold for extended periods.

These providers are examples, not a ranking or endorsement.

Outstanding Rewards Will Follow Binance’s Settlement Rules

Moving mining equipment does not automatically settle balances accumulated through Binance Pool.

The exchange has confirmed that eligible mining shares submitted before the cutoff will be included in its final reward calculations. Outstanding rewards, refunds and other balances may be processed afterward, subject to product terms, account status and compliance requirements.

Users with active Pool Savings positions have been instructed to unsubscribe or redeem them before the service closes.

Cloud Mining customers should separately review any remaining contractual entitlements. Binance has not announced a universal refund formula covering every affected product.

Account verification also matters. The company has asked customers to complete any outstanding identity verification requirements, where applicable, by November 10 at 23:59 UTC to facilitate eligible payments.

That is an administrative deadline, not an extension of mining operations or a guaranteed payout date.

The company has not provided a single date on which all final settlements will be completed.

What Happens to Bitcoin’s Hashrate?

Binance’s exit will redistribute mining activity among competing operators, but it does not necessarily reduce Bitcoin’s total computing power.

Mining pools coordinate independently owned equipment. When miners change pools, their hardware can continue contributing to the same blockchain network.

The more consequential issue is where that hashrate moves.

Bitcoin mining pools coordinate block templates and transaction selection. If departing Binance miners concentrate heavily in a small number of existing pools, those operators could gain a larger share of block production.

That concentration may be relevant to the network’s mining infrastructure, although individual miners retain the ability to change providers.

Binance has not disclosed the destinations of its departing miners or the amount of hashrate expected to migrate to each competing pool.

Consequently, the announcement does not establish whether Bitcoin mining will become more concentrated or how network difficulty might respond.

The operational effect will be measurable only after miners begin redirecting their equipment and the distribution of mining activity adjusts.

Historical Mining Data Will Not Remain Available Indefinitely

Binance will keep its Pool pages accessible for historical records until November 24 at 07:00 UTC, two weeks after the service shutdown.

Customers can use that period to retrieve available payout histories, account records and mining statistics.

The records may be important for reconciling unpaid rewards, documenting business income and preparing financial or tax reports.

After the deadline, Binance says the pages will become permanently inaccessible.

The company has not identified an alternative archive through which customers will be able to recover the same information.

For miners, the transition therefore involves two separate responsibilities: maintaining a functioning connection to another pool and preserving the information needed to verify Binance’s final settlement.

The first can be addressed by changing mining configurations. The second depends on reviewing account balances and exporting records while they remain available.

Binance’s departure does not end the underlying mining activity, but it transfers the operational responsibility for choosing infrastructure back to its customers. The effectiveness of the wind-down will ultimately be judged by whether miners can migrate without substantial interruption and receive the outstanding payments to which they are entitled.