A sharp drop in block finds
Binance’s bitcoin mining pool found only one block in the past week, a steep fall for a pool that once accounted for more than 2% of the network’s computing power. Data from mempool.space shows Binance Pool produced one of about 925 Bitcoin blocks over the seven-day period, roughly 0.11% of the total. The pool found no blocks in the latest 24 hours.
The most recent block tied to the pool was 974,743, mined at 01:15 UTC on November 6. It held 1,353 transactions and paid about 3.134 BTC in rewards, including fees. That single block stands out mostly because it came so close to the pool’s scheduled exit.
Shutdown set for November 10
The numbers arrive just before Binance’s November 10 deadline to close the pool, which started in April 2020. In an October announcement, Binance said it would disconnect miners at 07:00 UTC Tuesday. The move ends block-reward services, cloud mining, pool savings and its transaction accelerator.
The decline did not begin this week. Binance Pool’s computing power fell from about 26 exahashes per second in December 2025 to around 9.2 EH/s in October, a drop of roughly 65%, according to data assessed by CoinDesk. That left the pool with far less room to find blocks before the deadline.
What one block does and does not show
Mining pools combine computing power from independent miners, and miners can point their machines to another provider without shutting them down. A pool’s block discoveries also move randomly. One block in a week cannot pin down its exact remaining hashrate, so the 0.11% share should be read as a snapshot, not a precise measure.
Still, Binance’s exit leaves its miners to pick another pool. That could add to the share of Bitcoin blocks found by Foundry USA, AntPool and F2Pool, which already produce a large portion of the network’s blocks. For Binance, the pool’s final week is a quiet ending for an operation that once held a small but visible slice of Bitcoin’s mining map.
