Why is Binance shutting down its mining pool?
Binance Pool’s hashrate fell roughly 65% since December 2025 to about 9.2 exahashes per second, under 1% of Bitcoin’s network, leading to a Nov. 10 shutdown.
What does this mean for Bitcoin mining centralization?
The exit concentrates block production among Foundry USA, AntPool and F2Pool, which together control about 64% of the network’s hashrate.
How should miners react?
Miners have roughly four weeks to move their ASICs to other pools before Binance Pool ceases operations on Nov. 10.
Analyzed by FNXT Experts