Binance Pool mined 1 of 925 Bitcoin blocks before shutdown

By Tom Whitfield

Binance Pool mined 1 of roughly 925 Bitcoin blocks over a seven-day observation period, accounting for about 0.11% of network discoveries, according to mempool.space data. The pool found no blocks in the latest 24 hours.

Its most recent identified discovery was block 974,743, mined at 01:15 UTC on November 6. That block contained 1,353 transactions and paid approximately 3.134 BTC in rewards, including transaction fees.

The seven-day figure covers block discoveries rather than a payout total. The 3.134 BTC applies only to block 974,743, with no equivalent reward estimate for the full observation period.

What does the November 10 shutdown end?

Binance said in an October announcement that it would disconnect miners at 07:00 UTC on Tuesday, November 10. The action ends four operating services:

• Block-reward services
• Cloud mining
• Pool savings
• Binance’s transaction accelerator

Binance Pool launched in April 2020. The operation once handled more than 2% of Bitcoin’s network computing power, and a related report described it as once handling 2.3% of the network.

The closure ends the block-reward relationship for participating miners, but it does not require their equipment to stop operating. Mining pools combine computing power from independent miners, who can redirect their machines to another provider without shutting them down. The immediate choice concerns which pool receives that capacity, not whether the machines can remain online.

The gap between the 2.3% historical network share and the 0.11% weekly block share is substantial, but the percentages cover different periods and measures. The former reflects the pool’s former computing-power presence; the latter reflects blocks found during one seven-day window.

How much hashrate did Binance Pool lose?

Data assessed by CoinDesk put Binance Pool’s computing power at approximately 26 exahashes per second in December 2025. By October, that figure had fallen to about 9.2 EH/s, a reduction of roughly 65%.

The contraction took months rather than concentrating solely in the week before the shutdown. The reported decline therefore predates the November 10 deadline and the 0.11% seven-day block share.

Hashrate and block discoveries measure different parts of pool operations. Computing power reflects the capacity aggregated from miners, while block discoveries fluctuate randomly as that capacity competes across the network. A single block in seven days cannot establish Binance Pool’s exact remaining hashrate.

Neither percentage establishes the revenue earned by individual miners. The published figures provide no miner-level payout breakdown for either the declining hashrate or the one-block observation period.

Where do the miners go after disconnection?

Binance’s exit leaves those miners to choose another pool, potentially adding to the already substantial share of Bitcoin blocks found by Foundry USA, AntPool and F2Pool. The figures do not specify how many miners will move or how much additional block share each competing pool will gain.

Binance’s announcement gives miners a disconnection time and a list of terminating services, but it names no replacement provider. The choice of Foundry USA, AntPool, F2Pool or another pool therefore remains with the miners.

Moving machines out of Binance Pool does not automatically remove their computing power from Bitcoin. Their continued participation depends on selecting a new provider, while the distribution of blocks among competing pools depends on those selections.

The next checkpoint is 07:00 UTC on November 10, when Binance disconnects miners and their computing power may migrate to competing pools.