Cryptocurrency15 Oct 2026SEO 801 min read

Analysis: Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%

Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov. 1…

Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov. 10 cutoff. Binance will close its bitcoin mining pool and related services on Nov. 10, giving miners about four weeks to move their computing power elsewhere. Binance Pool’s computing power has fallen about 65% since December, to roughly 9.2 exahashes per second, or less than 1% of Bitcoin’s network. The closure follows other industry exit…

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