🚨 END OF AN ERA: Binance Pool Shutting Down as Hashrate Drops 65%! 📉
Major shift happening in the $BTC mining landscape! ⚡️
Binance Pool, which once controlled nearly 2.3% of the total Bitcoin network hashrate, is officially discontinuing its services.
📊 Key Highlights & Breakdown:
>> Hashrate Collapse: Computing power pointed at Binance Pool dropped sharply from 26 EH/s in December down to just ~9 EH/s.
>> Deadline Ahead: All remaining miners connected to Binance Pool must transition and switch their rigs to a new provider before Nov 10, 07:00 UTC.
>> Services Impacted: Along with mining, related features including Cloud Mining, Pool Savings, and the BTC Transaction Accelerator will also be permanently turned off.
As mining power continues to concentrate across larger institutional pools, this move reflects broader shifts in exchange priorities and mining profitability.
👉 Miners: Double-check your hardware endpoints and re-route your computing power before November 10 to avoid any loss of earnings!
What are your thoughts on this closure? Where will miners point their rigs next? 💬 👇
#writetoearn #BTC #bitcoin #CryptoNews #Binance
Major shift happening in the $BTC mining landscape! ⚡️
Binance Pool, which once controlled nearly 2.3% of the total Bitcoin network hashrate, is officially discontinuing its services.
📊 Key Highlights & Breakdown:
>> Hashrate Collapse: Computing power pointed at Binance Pool dropped sharply from 26 EH/s in December down to just ~9 EH/s.
>> Deadline Ahead: All remaining miners connected to Binance Pool must transition and switch their rigs to a new provider before Nov 10, 07:00 UTC.
>> Services Impacted: Along with mining, related features including Cloud Mining, Pool Savings, and the BTC Transaction Accelerator will also be permanently turned off.
As mining power continues to concentrate across larger institutional pools, this move reflects broader shifts in exchange priorities and mining profitability.
👉 Miners: Double-check your hardware endpoints and re-route your computing power before November 10 to avoid any loss of earnings!
What are your thoughts on this closure? Where will miners point their rigs next? 💬 👇
#writetoearn #BTC #bitcoin #CryptoNews #Binance