Binance to Cease Mining Pool Operations by November
- Binance will shut down its mining pool, Binance Pool, on November 10.
- The closure affects related services including Pool Savings, Cloud Mining, and Transaction Accelerator.
- Miners are advised to switch to alternative pools and redeem any active Pool Savings before the deadline.
- Users will have until November 24 to access historical mining records before they become permanently inaccessible.
- Binance’s mining operations began in April, initially supporting Bitcoin mining.
The decision to discontinue these services is part of an ongoing review of Binance’s product offerings, although no specific reasons were provided for the shutdown. Users should act quickly to avoid disruptions as affected products will cease generating rewards after the cutoff date.
With the closure of Binance Pool, miners must transition their operations by November or risk losing access to their mining data and rewards.(Source)
