Binance to shut down crypto mining pool services in November
Binance will discontinue its mining pool and related services on Nov. 10, urging miners to move to alternative pools before the shutdown.
Crypto exchange Binance is shutting down its mining pool and related services in November, ending an operation that has been running for over six years.
On Tuesday, Binance said it would discontinue Binance Pool on Nov. 10. The shutdown also covers Pool Savings, Cloud Mining, Transaction Accelerator and related features, including mining pool APIs and hashrate notifications.
After the deadline, Binance said it would disable its mining endpoints and disconnect miners from the pool. The exchange will no longer accept hashrate submissions or credit mining shares received after the cutoff. Affected products will stop generating rewards and yields.