Tomorrow afternoon, one of Bitcoin’s oldest mining pools will shut down — and the latest numbers have already spoken.
The facts: Binance Pool found just 1 of roughly 925 Bitcoin blocks over the past week — about 0.11% of the network — and zero blocks in the past 24 hours, according to mempool.space via CoinDesk (Nov. 9). The last identified block was 974,743, mined on Nov. 6 at 01:15 UTC. Binance announced back in October that Pool, along with Pool Savings, Cloud Mining, and Transaction Accelerator, would shut down tomorrow, Nov. 10, at 07:00 UTC (14:00 WIB). Its computing power has already shrunk by about 65%: from ~26 EH/s in Dec. 2025 to ~9.2 EH/s in Oct. 2026.
My take: this is the end of an era, not a market shock. The pool, launched in April 2020, has long ceased to be a major player — a 0.11% share means its hashrate has practically already shifted to Foundry, AntPool, and F2Pool. The more interesting message is this: even Binance is choosing to exit the mining business. A week without finding a block isn’t a reliable measure of remaining capacity — block discovery is random — but the downward trend is already clear from the hashrate data. As for price, the immediate effect is almost zero: BTC is around $75,500 tonight, still below the key $77,684 zone, and tomorrow’s key event remains US CPI at 20:30 WIB.
What I’m watching: hashrate migration to other pools and the difficulty adjustment around Nov. 13 (mempool.space estimate as of Nov. 9: down ~6.22%, subject to change with the pace of block production).
Do you think Binance’s exit from mining signals that the pool business is getting tougher, or is it simply portfolio cleanup?
This is my analysis, not financial advice — always DYOR.
#Binance #Mining $BTC
The facts: Binance Pool found just 1 of roughly 925 Bitcoin blocks over the past week — about 0.11% of the network — and zero blocks in the past 24 hours, according to mempool.space via CoinDesk (Nov. 9). The last identified block was 974,743, mined on Nov. 6 at 01:15 UTC. Binance announced back in October that Pool, along with Pool Savings, Cloud Mining, and Transaction Accelerator, would shut down tomorrow, Nov. 10, at 07:00 UTC (14:00 WIB). Its computing power has already shrunk by about 65%: from ~26 EH/s in Dec. 2025 to ~9.2 EH/s in Oct. 2026.
My take: this is the end of an era, not a market shock. The pool, launched in April 2020, has long ceased to be a major player — a 0.11% share means its hashrate has practically already shifted to Foundry, AntPool, and F2Pool. The more interesting message is this: even Binance is choosing to exit the mining business. A week without finding a block isn’t a reliable measure of remaining capacity — block discovery is random — but the downward trend is already clear from the hashrate data. As for price, the immediate effect is almost zero: BTC is around $75,500 tonight, still below the key $77,684 zone, and tomorrow’s key event remains US CPI at 20:30 WIB.
What I’m watching: hashrate migration to other pools and the difficulty adjustment around Nov. 13 (mempool.space estimate as of Nov. 9: down ~6.22%, subject to change with the pace of block production).
Do you think Binance’s exit from mining signals that the pool business is getting tougher, or is it simply portfolio cleanup?
This is my analysis, not financial advice — always DYOR.
#Binance #Mining $BTC