Binance to close mining pool and cloud services on Nov. 10

What happens to Binance Pool on Nov. 10? Binance will shut it down along with Cloud Mining and related services, ending mining connections and the processing of new shares. The Binance News announcement says the move is part of the company’s ongoing review of products and services.

Which Binance services are being discontinued?

The shutdown covers Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator. Binance also lists Telegram hashrate alerts, email notifications and mining pool API services among the affected features. The announcement gives no separate reason for ending these services.

What changes for miners at the cutoff?

At 07:00 UTC on Nov. 10, Binance says it will begin disconnecting mining connections and disable its Stratum URLs and mining endpoints. After that time, hashrate submissions and mining shares will no longer be accepted, processed or credited, and no new rewards, yield or service benefits will accrue. Shares submitted before the cutoff that qualify under Binance Pool rules will count toward the final reward calculation.

Miners should point their machines to another pool before the deadline to avoid an interruption, Binance says. Users with active Pool Savings positions should unsubscribe or redeem them before service ends. Eligible outstanding rewards, balances, refunds or settlements will be handled under the applicable product rules and account, risk and compliance checks.

How long will users be able to see their records?

Binance says Pool pages will remain accessible until 07:00 UTC on Nov. 24, 14 days after the services end, for viewing historical data, account records and payout status where available. The company says those pages will then be permanently inaccessible. Users who need records should save them before that date; the next deadline to watch is the service cutoff at 07:00 UTC on Nov. 10.

References

• Binance News announcement — binance.com