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Binance Pool Finds One Block in a Week Before Shutdown

By The Daily Byte ·09 Nov 2026 ·2 min read
Rows of Bitcoin mining machines in a mining facility

Binance Pool found just one Bitcoin block in the past week, a near-silent finish for the mining service the exchange is scheduled to close on 10 November. Data from mempool.space, reported by CoinDesk, show the pool produced one of roughly 925 Bitcoin blocks over the seven-day period, about 0.11% of network output, and none in the latest 24 hours.

Its most recent identified block was 974,743, mined at 01:15 UTC on 6 November. It contained 1,353 transactions and paid about 3.134 BTC in rewards, including transaction fees. The pool launched in April 2020 and once handled more than 2% of the network's computing power.

Hashrate down about two-thirds in a year

The pool's computing power fell roughly 65% from about 26 exahashes per second in December 2025 to about 9.2 EH/s in October, according to data assessed by CoinDesk. TradersUnion reported the same one-block figure and the same shutdown timetable, and noted rivals such as Foundry USA, AntPool and F2Pool stand to benefit from the wind-down.

One caution applies to the weekly figure itself. Block discovery is random, so a single quiet week cannot establish exactly how much capacity the pool still carries. The trend, however, is clear: miners have been leaving for months, and the pool has nearly disappeared from block-production rankings before its final day.

What closes on 10 November

Binance said in an October announcement that it would disconnect miners at 07:00 UTC on Tuesday, 10 November, ending block-reward services, cloud mining, pool savings and its transaction accelerator. The closure covers the pool only, so spot trading on the exchange is unaffected. No successor service has been announced.