Binance Pool Finds Just One Bitcoin Block Before Shutdown
The mining pool is quickly losing market share as Binance stops block-reward services on November 10. Miners will have to move to other pools, which could increase concentration in Bitcoin mining.
Key Takeaways
- Binance Pool found just one Bitcoin block in seven days, leaving it with about 0.11% market share.
- The most recent block was 974,743, mined on November 6 at 01:15 UTC, with 1,353 transactions and about 3.134 BTC in rewards.
- Binance will stop block-reward services, cloud mining, pool savings, and the transaction accelerator on November 10.
Binance's Bitcoin mining pool found just one block over the past week. That's a sharp drop for a player that previously handled more than 2% of the network's computing power. The timing stands out because the pool is set to shut down on November 10.
Sharp Drop in Blocks
Data from mempool.space show that Binance Pool produced one of the roughly 925 Bitcoin blocks over the past seven days. That put its market share at about 0.11%. In the last 24 hours, the pool did not find a block at all.
The most recent identified block was 974,743, mined on November 6 at 01:15 UTC. That block included 1,353 transactions and generated about 3.134 BTC in rewards, including transaction fees.
The drop fits into a longer decline. In October, Binance Pool's hashrate was around 9.2 EH/s, compared with about 26 EH/s in December 2025. That's a decline of roughly 65%.
Shutdown on November 10
Binance announced in October that it would disconnect miners on Tuesday, November 10 at 07:00 UTC. That means the company is ending block-reward services, cloud mining, pool savings, and the transaction accelerator. The mining pool, which launched in April 2020, will disappear from the exchange's lineup.
Mining pools combine the computing power of individual miners, who can move their machines to another provider without shutting them down. So a week with just one found block does not tell the full story about the exact remaining hashrate, but it does show how small Binance Pool's role has become.
Impact on Bitcoin Miners
For Bitcoin miners, the shutdown mainly means they will need to choose a new pool. In October, Binance Pool had about 0.85% market share and ranked 11th among Bitcoin mining pools. The biggest players, including Foundry USA, AntPool, and F2Pool, together accounted for about 64.2% of the market.
That makes the move relevant for readers following the structure of Bitcoin mining. If miners move to already dominant pools, concentration of computing power could increase further. That does not directly say anything about Bitcoin's price, but it does show how block production is divided within the network.