Binance Pool counts down to closure: only 1 block mined in t
Two sources said on November 9, citing mempool.space data, that Binance Pool mined only 1 of about 925 Bitcoin blocks in the past week, a share of about 0.11%, and produced no block in the last 24 hours. Its hashrate has fallen from about 26 EH/s in December 2025 to about 9.2 EH/s in October this year, a drop of about 65%. The pool will stop service at 15:00 on November 10.
Event Timeline
- [11-09 09:42] On the eve of Binance Pool's shutdown, only 1 block was mined in the past week; hashrate down about 65% from the end of last year (PANews)
- [11-09 09:44] Only 1 block was mined in the week before shutdown; Binance Pool's hashrate down about 65% from the end of last year (Odaily Planet Daily)
Background and Impact
According to separate reports by PANews and Odaily Planet Daily on November 9, citing CoinDesk and mempool.space data, Binance Pool mined only 1 of about 925 Bitcoin blocks in the past week, a share of about 0.11%; it mined no block in the last 24 hours, and the most recent block was block 974,743 mined at 09:15 on November 6. Under the disclosed arrangements, Binance Pool will stop service at 15:00 on November 10.
Hashrate data also points to contraction. Binance Pool's hashrate has fallen from about 26 EH/s in December 2025 to about 9.2 EH/s in October this year, a drop of about 65%. The two sources are consistent on block count, share, latest block time and height, service shutdown time, and hashrate figures, with no data discrepancy. Earlier reports said Binance will stop the pool and related services on November 10.
Based on the disclosed data, a share of about 0.11% means that on the eve of shutdown, the pool's marginal contribution to Bitcoin network block production was already quite limited, and no block in the last 24 hours further reflects the extent of its hashrate contraction. It should be distinguished that a mining pool is a hashrate service for miners and belongs to a different business line from exchange business; during the period when the event was discussed, keywords such as Binance registration APP download, OKX registration APP download, HTX registration APP download, Gate.io registration APP download, and Bitget registration APP download were often searched together by readers, but they are not information at the same level as this pool shutdown.
Subsequent milestones center on the 15:00 November 10 service shutdown time. Before then, observable objective indicators include whether the pool still produces new blocks and whether its hashrate remains at the about 9.2 EH/s level of October this year. As of when both sources published, no more details beyond the above data were disclosed; whether network hashrate shows a measurable change as a result still awaits verification by subsequent on-chain data.
FAQ
### At what specific time will Binance Pool stop service?
Both sources say Binance Pool will stop service at 15:00 on November 10; earlier reports also said Binance will stop the pool and related services on November 10.
### Does mining only 1 block in a week mean Bitcoin network block production is affected?
The materials only show that the pool mined 1 of about 925 blocks, a share of about 0.11%, and do not provide network hashrate and difficulty data, so it is impossible to judge the impact on network block production based on this.
### What verifiable milestones should be watched going forward?
The 15:00 November 10 service shutdown time, and whether the pool produces any new blocks around the shutdown and whether its hashrate remains at the about 9.2 EH/s level of October this year.