$BTC
Binance Pool officially shut down today at 15:00
It launched in April 2020, exactly six and a half years ago
It mined over 22,000 blocks
It mined just 1 block in its final week
Out of 925 blocks across the whole network, that was 0.11%
Its final block was #974743, mined in the early hours of November 6
Hashrate fell from 26 EH/s last December
to 9.2 in October this year
a drop of 65%
It had basically been an empty shell for a while
Today they just officially closed the doors
Cloud mining, Pool Savings, and the Accelerator
are all being shut down too
The pool page says November 24
If you still have machines running there, switch pools ASAP
Shares submitted after 15:00 won't count
Honestly, even Binance itself has stopped mining
That signal says more than any research report
The mining industry is contracting, even among the biggest pools
Things will only get harder for small miners
No direct impact on coin prices, don't read too much into it
It's simply the end of an era
Six and a half years, 22,000 blocks
That's that
#BinancePoolShutdown
Binance Pool officially shut down today at 15:00
It launched in April 2020, exactly six and a half years ago
It mined over 22,000 blocks
It mined just 1 block in its final week
Out of 925 blocks across the whole network, that was 0.11%
Its final block was #974743, mined in the early hours of November 6
Hashrate fell from 26 EH/s last December
to 9.2 in October this year
a drop of 65%
It had basically been an empty shell for a while
Today they just officially closed the doors
Cloud mining, Pool Savings, and the Accelerator
are all being shut down too
The pool page says November 24
If you still have machines running there, switch pools ASAP
Shares submitted after 15:00 won't count
Honestly, even Binance itself has stopped mining
That signal says more than any research report
The mining industry is contracting, even among the biggest pools
Things will only get harder for small miners
No direct impact on coin prices, don't read too much into it
It's simply the end of an era
Six and a half years, 22,000 blocks
That's that
#BinancePoolShutdown