Binance’s bitcoin mining pool successfully mined merely a single block during the previous week, marking a sharp drop for a facility that previously managed upwards of 2% of the entire network processing capacity.
Statistics sourced from mempool.space indicate that Binance Pool generated a single block out of approximately 925 total Bitcoin blocks in the seven-day timeframe, representing a network share of about 0.11%. No blocks have been discovered over the past 24 hours.
The pool’s latest verified block was 974,743, processed at 01:15 UTC on November 6. That specific block included 1,353 transactions and yielded roughly 3.134 BTC in total compensation, covering both block subsidies and network fees.
These numbers arrive right before Binance’s November 10 target date for closing its mining pool service, which originally debuted in April 2020.
Binance mentioned in an October announcement that it would sever connections for miners at 07:00 UTC on Tuesday, terminating operations for block rewards, cloud mining, pool savings, and the transaction accelerator.
Nevertheless, this reduction has been developing over several months. The processing power of Binance Pool decreased from nearly 26 exahashes per second in December 2025 down to approximately 9.2 EH/s by October, reflecting a reduction of roughly 65%, according to metrics evaluated by CoinDesj.
Mining pools aggregate computational strength from separate participants, who retain the ability to switch their hardware to a different network operator without powering down the units. Because a pool’s success in finding blocks varies stochastically, a seven-day period with just a single block cannot definitively measure its exact active hashrate.
The departure of Binance means those miners must select an alternative pool, which could potentially increase the market share of Bitcoin blocks secured by prominent rivals like Foundry USA, AntPool, and F2Pool.
Read More: Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%
Originally published at https://www.coindesk.com/tech/2026/11/09/binance-s-bitcoin-mining-pool-finds-just-one-block-in-a-week-as-shutdown-nears.
