Binance, the largest crypto exchange by volume, announced it will discontinue its Binance Pool and related Bitcoin mining services on November 10, 2026, ending a six-year operation that mined over 22,000 blocks and earned 137,059 BTC. The company did not provide a reason for the shutdown, which comes amid tightening mining profits and other major pools also exiting the market. Users are advised to claim remaining mining shares before the closure. Despite the shutdown, many miners and pools continue to support the Bitcoin network, though the industry faces economic challenges and a shift toward AI-related energy use.
Binance's decision to end its Bitcoin mining services provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 13, 2026 20:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include ALGO at Rp2.150 with a -5.83% change, NEO at Rp42.834 down 5.69%, and XNO at Rp5.762 down 5.40%.
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