Binance is ready to shut down its Bitcoin [BTC] mining pool on the tenth of November. However, the choice in no sense means the crypto trade is exiting Bitcoin mining altogether.
Launched in April 2020, Binane pool allowed impartial miners to mix their computing energy and obtain extra predictable mining rewards. However, its affect has step by step diminished.
Binance Pool dynamics paint a regarding image
According to knowledge by mempool.space, Binance [BNB] Pool’s hashrate index fell from roughly 26 exahashes per second (EH/s) in December 2025 to 9.2 EH/s in October 2026.
In different phrases, there was a decline of roughly 65%, taking its estimated share of Bitcoin’s community hashrate from 2.3% to lower than 1%.
At the identical time, Binance Pool mined just one block in the seven-day interval, representing roughly 0.11% of the 925 blocks found throughout the Bitcoin community. In reality, it recorded zero blocks in the most recent 24 hours.
However, to date it has mined 22,213 blocks, accounting for roughly 2.28% of all Bitcoin blocks.
Factors behind this…
This comes as there’s additionally a broader financial problem going through the Bitcoin mining business. Following the April 2024 halving, the block subsidy dropped from 6.25 BTC to 3.125 BTC, decreasing the quantity of newly issued Bitcoin miners obtain for producing blocks.
Meanwhile, opponents together with Foundry USA, AntPool, and F2Pool have change into significantly dominant, collectively accounting for a considerable share of latest Bitcoin block discoveries.
Another vital issue is the altering path of the broader mining business. Several publicly traded Bitcoin miners have began exploring synthetic intelligence (AI) and excessive-efficiency computing (HPC) infrastructure as various revenue sources.
Bitcoin miner outflows add gas to the hearth
Lastly, Bitcoin miner outflows have been additionally fluctuating all through 2026, with most day by day readings remaining between 5,000 and 10,000 BTC.
However, November 2026 is notable for the absence of a sustained surge in promoting exercise. Daily outflows have principally remained average, with the index standing at 6,800 BTC at press time.
At the identical time, Bitcoin’s worth has weakened from round $80,000 in late October to roughly $74,200 at press time.
Together, these figures strongly counsel that Binance Pool’s mining exercise had fallen significantly forward of its scheduled November 10 shutdown.
Besides this, Core Scientific, as soon as the biggest Bitcoin [BTC] miner, additionally announced its plans to shut down its Bitcoin mining by This fall 2026 regardless of Q3 revenue hitting $233 million.
Final Summary
- The Binance pool recorded zero blocks in the most recent 24 hours.
- Bitcoin miner outflows have been additionally fluctuating all through 2026.
