Key facts
- Binance will shut down its mining pool and related services on November 10.
- The shutdown includes Pool Savings, Cloud Mining, and Transaction Accelerator.
- Miners must move to alternative pools before the November 10 deadline.
- Users have until November 24 to access historical mining records.
- Binance launched its mining pool in April 2020.
Crypto exchange Binance is shutting down its mining pool and related services in November, ending an operation that has been running for over six years. On Tuesday, Binance said it would discontinue Binance Pool on November 10. The shutdown also covers Pool Savings, Cloud Mining, Transaction Accelerator and related features, including mining pool APIs and hashrate notifications.
After the deadline, Binance said it would disable its mining endpoints and disconnect miners from the pool. The exchange will no longer accept hashrate submissions or credit mining shares received after the cutoff. Affected products will stop generating rewards and yields.