Binance's bitcoin mining pool finds just one block in a week as shutdown nears

Binance's bitcoin mining pool has found just one block over the past week, a dramatic decline for an operation that once handled more than 2% of the network's computing power.

Data from mempool.space shows Binance Pool produced one of roughly 925 Bitcoin blocks over the seven-day observation period, giving it a share of about 0.11%. It has found none in the latest 24 hours.

Its most recent identified block was 974,743, mined at 01:15 UTC on November 6. The block contained 1,353 transactions and paid approximately 3.134 BTC in rewards, including transaction fees.

The figures come just ahead of Binance's November 10 deadline to shut down its mining pool, which launched in April 2020.

Binance said in an October announcement that it would disconnect miners at 07:00 UTC Tuesday, ending block-reward services, cloud mining, pool savings and its transaction accelerator.

The decline has been underway for months, however. Binance Pool's computing power fell from approximately 26 exahashes per second in December 2025 to about 9.2 EH/s in October, a drop of roughly 65%, per data assessed by CoinDesj.

Mining pools combine computing power from independent miners, who can redirect their machines to another provider without shutting them down. A pool's block discoveries also fluctuate randomly, so a week with just one block cannot establish its exact remaining hashrate.

Binance's exit leaves those miners to choose another pool, potentially adding to the already substantial share of Bitcoin blocks found by Foundry USA, AntPool and F2Pool.