Overview
- Binance announced the shutdown on Tuesday, Oct. 13, and set a hard cutoff at 07:00 UTC on Nov. 10 when it will disable Stratum URLs and stop accepting hashrate submissions.
- The shutdown covers Binance Pool plus Pool Savings, Cloud Mining, the Transaction Accelerator, mining APIs, Telegram hashrate alerts and email notifications.
- Binance said eligible prior rewards, balances and refunds will still be processed after the closure subject to account verification, product terms, risk controls and compliance checks.
- Miners must reconfigure every machine to a new pool before the deadline to avoid uncredited work and potential idle time that could cut near-term mining income.
- Binance Pool launched in April 2020 and its exit is expected to shift that pool’s hashrate to competing operators, which could change hashrate distribution while pools adopt new protocols such as Stratum V2.