Binance officially shuts down Binance Pool — the end of 6 years of mining by the world’s largest exchange ⛏️
Binance Pool, Cloud Mining, Pool Savings, and Transaction Accelerator ceased operations at 07:00 UTC on 10/11. Launched in April 2020, the pool mined more than 22,000 Bitcoin blocks — but in its final week, it mined just 1 block out of ~925 across the entire network, equivalent to a 0.11% market share. The pool’s hashrate fell from ~26 EH/s (12/2025) to ~9.2 EH/s (10/2026), a drop of about 65%.
Notably, as Binance exits, hashrate is becoming even more concentrated in the hands of the three largest pools — Foundry USA, AntPool, and F2Pool. This is the centralization issue that the mining community continues to debate, especially as mining difficulty just fell by 9.13%.
The market remains in the red: BTC ~65,618 USD, Fear & Greed down to just 13 (Extreme Fear), ETH ~1,816 USD. Among the top 100, $LINK is the biggest decliner not recently mentioned: -8.01% in 24h, down to ~9.04 USD.
Do you think Binance’s exit from crypto mining is a good or bad sign for Bitcoin’s decentralization? 👇
#CryptoNews #Bitcoin #Binance #Mining
Market information, not investment advice.
Binance Pool, Cloud Mining, Pool Savings, and Transaction Accelerator ceased operations at 07:00 UTC on 10/11. Launched in April 2020, the pool mined more than 22,000 Bitcoin blocks — but in its final week, it mined just 1 block out of ~925 across the entire network, equivalent to a 0.11% market share. The pool’s hashrate fell from ~26 EH/s (12/2025) to ~9.2 EH/s (10/2026), a drop of about 65%.
Notably, as Binance exits, hashrate is becoming even more concentrated in the hands of the three largest pools — Foundry USA, AntPool, and F2Pool. This is the centralization issue that the mining community continues to debate, especially as mining difficulty just fell by 9.13%.
The market remains in the red: BTC ~65,618 USD, Fear & Greed down to just 13 (Extreme Fear), ETH ~1,816 USD. Among the top 100, $LINK is the biggest decliner not recently mentioned: -8.01% in 24h, down to ~9.04 USD.
Do you think Binance’s exit from crypto mining is a good or bad sign for Bitcoin’s decentralization? 👇
#CryptoNews #Bitcoin #Binance #Mining
Market information, not investment advice.
