Binance Pool to Cease Operations by November Deadline
- Binance will close its mining pool services at 07:00 UTC on November 10, affecting Bitcoin miners.
- The shutdown includes Pool Savings, Cloud Mining, Transaction Accelerator, and mining pool APIs.
- Miners must reconfigure their machines to another pool before the cutoff to prevent service interruption.
- Users are advised to manage active savings positions and ensure accounts can receive outstanding rewards or refunds.
Binance’s decision to exit the mining-services business requires miners to act promptly by redirecting their resources before the November deadline. This move is part of a broader product review but does not affect Binance’s exchange operations.
Miners connected to Binance Pool should prepare for the transition by managing financial aspects and technical reconfigurations ahead of the closure date. (Source)
