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Binance Pool Mines a Single Bitcoin Block in a Week as Its November 10 Shutdown Approaches

Binance Pool Mines a Single Bitcoin Block in a Week as Its November 10 Shutdown Approaches

Binance Pool found one bitcoin block in seven days, per mempool.space data cited by CoinDesk, ahead of its planned shutdown on November 10.

Binance Pool, the bitcoin mining pool run by the exchange, found only one block over the past week as its scheduled closure nears, CoinDesk reported. Citing mempool.space data, the outlet said that block was one of roughly 925 produced on the network in the period, a share of about 0.11%, and that the pool found nothing in the final 24 hours of the window.

The most recent identified block was number 974,743, mined at 01:15 UTC on November 6. It held 1,353 transactions and paid about 3.134 BTC in rewards including fees.

Binance announced in October that it would close the pool. According to the announcement as described by CoinDesk, miners will be disconnected at 07:00 UTC on Tuesday, November 10. The shutdown also ends block-reward services, cloud mining, pool savings and the transaction accelerator. The pool launched in April 2020.

CoinDesk’s own assessment put the pool’s computing power at about 26 exahashes per second in December 2025 and about 9.2 exahashes per second in October 2026, a decline of roughly 65%. At its peak the pool handled more than 2% of total network hashrate.

CoinDesk cautioned that block discovery is random, so one week cannot show the pool’s exact remaining hashrate. Miners can also point their machines at other pools without switching them off. The outlet said their departure could raise the share of blocks found by Foundry USA, AntPool and F2Pool, which already account for a substantial portion of the network.

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