Binance's Bitcoin mining pool found one block in a week before shutting down

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Binance's Bitcoin mining pool has wound down quietly. CoinDesk reports that the pool found just one of about 925 blocks in the seven days before its shutdown, a share of about 0.11 percent

Its last block was 974,743 on 6 November at 01:15 UTC, containing 1,353 transactions and about 3.134 BTC. Hashrate fell from about 26 EH/s in December 2025 to about 9.2 EH/s in October 2026, a drop of roughly 65 percent

At its peak the pool had over 2 percent of the network. Binance planned to cut miners off at 07:00 UTC on Tuesday 10 November, ending block rewards, cloud mining, pool savings and its transaction accelerator, after launching the pool in April 2020

Foundry USA, AntPool and F2Pool already hold large shares of the network. CoinDesk notes that miners can simply switch pools, so hashrate moves rather than disappears, and finding blocks always involves an element of luck

A big exchange leaving mining shows how specialised the industry has become. Miners moving to other pools means the network itself is unaffected. The bigger question is whether hashrate concentrating in a few large pools is healthy for decentralisation

Does pool concentration worry you? And which pool would you use if you mined bitcoin?

Binance S Bitcoin Mining Pool Finds Just One Block In A Week As Shutdown Nearswww.coindesk.com