Binance is about to shut down its Bitcoin [BTC] mining pool on the tenth of November. However, the choice in no sense means the crypto change is exiting Bitcoin mining altogether.
Launched in April 2020, Binane pool allowed unbiased miners to mix their computing energy and obtain extra predictable mining rewards. However, its affect has steadily 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 newest 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 trade. 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, rivals together with Foundry USA, AntPool, and F2Pool have grow to be significantly dominant, collectively accounting for a considerable share of latest Bitcoin block discoveries.
Another essential issue is the altering course of the broader mining trade. 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 gasoline to the fireplace
Lastly, Bitcoin miner outflows had been additionally fluctuating all through 2026, with most every 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 reasonable, with the index standing at 6,800 BTC at press time.
At the identical time, Bitcoin’s value 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 most important 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 newest 24 hours.
- Bitcoin miner outflows had been additionally fluctuating all through 2026.
