Global Crypto Mining News in October: Binance Pool to Shut Down, Five Listed Miners' Bitcoin Output Falls About 47% YoY, Bitdeer's Monthly Output Rises About 200% YoY, etc

1、

According to an official Binance announcement, Binance will discontinue Binance Pool and related services at 07:00 UTC on November 10, 2026, including Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, and Pool API. Mining connections and Stratum addresses will be terminated, and no new hashrate contributions will be accepted or mining rewards generated. Binance advised miners to switch their mining rigs to other pools in advance and settle their Pool Savings positions. Eligible outstanding rewards, refunds, and settlements will be processed after the shutdown in accordance with the applicable rules. Historical pool data pages will remain available until 07:00 UTC on November 24, after which they will be permanently closed.

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2、

According to a CryptoQuant report, five publicly listed Bitcoin miners, IREN, Core Scientific, Bitfarms, TeraWulf, and Cipher, produced a combined 7,075 BTC year-to-date, down approximately 47% from 13,263 BTC in the same period last year. Output at IREN, Core Scientific, and TeraWulf each fell by more than 50%, while Bitfarms and Cipher recorded declines of 49% and 18%, respectively. Over the same period, combined output at MARA, CleanSpark, Riot, HIVE, and American Bitcoin rose 16% year-over-year.

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3、

According to CryptoSlate, Bitcoin hashprice, the daily revenue per unit of hashrate, fell to around $33 per PH/s, its lowest level since August. The report calculated that, assuming daily gross revenue of $33.35 per PH/s, a 2% pool fee, and an electricity price of $0.06 per kWh, mining rigs with an efficiency of 25 J/TH would generate approximately $32.68 per PH/s per day after pool fees. This falls below the estimated daily electricity cost of $36, before accounting for hosting, maintenance, and other expenses.

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4、

According to WuBlockchain's data center, Bitcoin transaction fees accounted for just 0.31% of total block rewards on October 11, the second-lowest level in the dataset dating back to July 2016, above only the 0.30% recorded on February 15, 2026. The ratio fell approximately 50.4% from 30 days earlier and remained below 1% for 51 consecutive days. Eight of the 10 lowest daily readings in the dataset occurred in 2026, indicating that miners' revenue remains heavily dependent on block subsidies.

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5、

CryptoQuant analyst Axel Adler Jr. said transaction fees accounted for an average of just 0.64% of Bitcoin miners' revenue over the past 30 days, down slightly from 0.65% a week earlier, and have remained below 1% since mid-August 2025. Miners' revenue continues to rely primarily on block subsidies. At an electricity price of $0.05 per kWh, the electricity cost of mining 1 BTC with a Bitmain Antminer S19 is approximately $86,700, above Bitcoin's current market price. The corresponding cost for an S21 is around $44,300, providing a larger profit cushion. Adler noted that rising BTC prices have improved operating conditions for miners, but older equipment still faces significant cost pressure. A recovery in the fee share to above 1% would indicate a greater contribution from on-chain activity to miners' revenue.

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6、

According to CryptoSlate, citing a CryptoQuant report, Bitcoin miners' total daily revenue rebounded from a July low of approximately $27 million to a peak of around $48 million, an increase of roughly 78%. Meanwhile, the network's total hashrate recovered from 899 EH/s on July 31 to approximately 962 EH/s. The report noted that the revenue recovery was primarily driven by rising Bitcoin prices, while transaction fee revenue remained well below levels seen during parts of 2025.

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7、

Hashrate Index released its fourth-quarter update on global hashrate distribution. It estimated U.S. Bitcoin hashrate at approximately 335 EH/s, down around 10 EH/s from the previous update, with its global share falling from 36.7% to 35.6%. Russia's hashrate increased by roughly 8 EH/s to 170 EH/s, raising its share to 18.1%, while China's share stood at approximately 11.7%. Meanwhile, Ethiopia's hashrate fell from around 23 EH/s to 15 EH/s, a decline of roughly 35%. These figures are institutional estimates and differ from the installed hashrate disclosed by mining companies.

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8、

According to Digital Asset, Bitcoin's seven-day moving average network hashrate reached approximately 1,031.61 EH/s as of 14:00 on October 17, up around 44.08 EH/s from a week earlier and its highest level since May 29. CryptoQuant data showed that miners' holdings reached 1,192,622 BTC over the same period, an increase of 379 BTC from a week earlier. Meanwhile, Bitcoin's Puell Multiple fell by 0.14 to 0.99, indicating that the daily U.S. dollar value of newly issued BTC was slightly below its 365-day average. The hashrate recovery reflects an increase in computing power dedicated to the Bitcoin network, but does not directly imply a corresponding improvement in miners' profitability.

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9、

Bitdeer reported Bitcoin production of 1,355 BTC in September 2026, up approximately 200% from 452 BTC a year earlier and above August's 1,310 BTC. As of the end of September, its self-mining hashrate operating at its own data centers reached 82.3 EH/s, up from 79.9 EH/s at the end of August. Its partner mining hashrate, using company-owned mining rigs operated at third-party data centers, reached 28.7 EH/s, up from 21.6 EH/s at the end of August.

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10、

CleanSpark reported Bitcoin production of 529 BTC in September 2026, with average daily production of 17.64 BTC and an average operating hashrate of 36 EH/s. At month-end, the company held 13,530 BTC, having sold a total of 702 BTC during the month through spot sales and call option exercises. The company also announced that, as its business evolves, it will transition to quarterly reporting and discontinue monthly operational updates.

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11、

BitFuFu reported Bitcoin production of 167 BTC in September 2026, down 4.0% month-over-month, comprising 98 BTC from self-mining and 69 BTC from cloud mining. Total hashrate under management fell from 20.6 EH/s to 19.4 EH/s, while power capacity under management declined from 344 MW to 324 MW. Month-end Bitcoin holdings stood at 1,388 BTC, up 15 BTC from the previous month.

BitFuFu also disclosed that its planned acquisition of an 80 MW mining facility in Ethiopia was at risk of falling through due to a contractual dispute with the power supplier. The company had paid $4.1 million and deployed approximately 13,700 mining rigs at the site. It is evaluating measures including terminating the agreement, initiating arbitration, and recovering its funds and equipment.

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12、

Phoenix Group reported third-quarter Bitcoin production of approximately 322 BTC, including 222 BTC from self-mining. Its self-mining gross margin rose from 43% in the second quarter to 44%, while its mining cost per Bitcoin fell 16.6% year-over-year to $46,154. Mining fleet efficiency improved to 18.5 J/TH. The company also disclosed that its new Onmine sites in Texas, with a combined capacity of 38 MW and equipped with S21 hydro-cooled mining rigs, were energized during the quarter. Total third-quarter revenue was $17.4 million, comprising approximately $13.3 million from self-mining and $4.1 million from hosting.

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13、

According to Bitcoin com, NIP Group, the publicly listed parent company of esports club Ninjas in Pyjamas, signed an agreement to issue up to 247.1 million Class A ordinary shares to acquire Bitcoin mining equipment with approximately 4.47 EH/s of hashrate, in a deal valued at up to $27.3 million. Upon completion, the company's total hashrate is expected to reach approximately 13.85 EH/s, raising its monthly production target at full deployment from 160 BTC to around 195 BTC. Actual output will depend on mining difficulty, network hashrate, and operating conditions. The equipment is already operating at hosting facilities, and the transaction remains subject to customary closing conditions.

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14、

According to an announcement by Nasdaq-listed Datacentrex, the company has begun installing and energizing more than 500 previously purchased ElphaPex DG2 Scrypt ASIC miners. The first batch has started mining, with the remaining units expected to come online over the following weeks. Once all units are energized, the company's online Scrypt hashrate is expected to rise approximately 21%, from around 43.2 TH/s to 52.2 TH/s, while deployed power capacity is expected to increase from approximately 12.5 MW to 14 MW.

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15、

Zcash miner Fortitude Mining announced that it signed a non-binding letter of intent with Bitmain to secure priority allocation of Bitmain's next-generation Zcash miners, with plans to purchase up to $100 million in equipment. The miners have yet to be commercially launched, with deliveries expected to begin in the second quarter of 2027. The final purchase size remains subject to specifications, pricing, and a definitive purchase agreement. Meanwhile, parent company DCG increased Fortitude's credit facility from $50 million to $70 million. Fortitude plans to draw $20 million this week in ZEC to fund a refundable deposit.

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16、

According to Bloomberg, privacy coin Zcash (ZEC) has risen approximately 3,000% since mid-2025, as Gemini founders the Winklevoss twins and DCG founder Barry Silbert expand their involvement in Zcash mining and investment products. Cypherpunk Technologies, backed by the Winklevoss twins, controls around 20% of the network's hashrate, while Silbert-backed Fortitude Mining plans to increase its share to approximately 20%. DCG subsidiary Grayscale launched a Zcash ETF in August, and the Winklevoss twins applied to launch a similar product in October. The report said AI-driven concerns over on-chain privacy have renewed market interest in Zcash, though hashrate concentration, protocol vulnerabilities, and regulatory risks remain potential challenges.

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17、

Bitcoin mining services provider Luxor Technology announced a $16 million strategic funding round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead, and angel investors. The transaction included both newly issued equity and transfers of existing shares, with the breakdown and valuation undisclosed. The funds will support expansion in hashrate derivatives trading, market making, AI hardware, and cloud computing platforms.

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18、

According to TheEnergyMag, Bitmain-backed Bitcoin miner BitFuFu (NASDAQ: FUFU) announced a partnership with Finloop to launch Hashrate Token (HASH), a tokenized note designed to give eligible investors exposure to Bitcoin-denominated returns generated by Bitcoin mining. HASH is linked to output from hosted mining infrastructure and uses Finloop's FinRWA platform for token lifecycle and compliance management. Access is restricted to qualified investors who meet applicable jurisdictional regulations and KYC/AML requirements.

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19、

Tether announced that its open-source Mining Development Kit (MDK) has secured support and integrations from 15 major mining companies, ASIC manufacturers, and mining pools, including Bitmain, Bitdeer, Canaan, MicroBT, Foundry Digital, F2Pool, Luxor, and Block's Proto. Through unified open interfaces, the toolkit aims to remove barriers between different devices and mining pools, enabling AI and software to automate coordination and autonomous operation of physical mining infrastructure across platforms. MDK version 0.11 was released at the Plan ₿ Forum in Lugano, with a stable 1.0 release planned before the end of 2026.

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20、

According to TheEnergyMag, Mike Colyer, founding CEO of Bitcoin mining pool operator Foundry, announced that he is stepping down after seven years. He will remain a strategic adviser for the next six months to support the management transition and search for a new CEO. No successor has been announced. Colyer became Foundry's founding CEO in October 2019. He said he wanted to take a break and spend time with his family, without linking his departure to mining business conditions.

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21、

According to f2pool announcements, the pool launched merged mining for Pearl (PRL) and Nockchain (NOCK) on October 21, allowing PRL miners to earn rewards in both assets. Miners must link a NOCK wallet address to their accounts, with rewards accruing once the address is successfully added. NOCK uses a PPLNS payout scheme with a 1% fee and a minimum payout of 350 NOCK. Rewards depend on the pool's actual mining output.

f2pool also launched a Quantus (QTC) mining pool on October 15, using a PPLNS payout scheme with a 1% fee and a minimum payout of 0.1 QTC. Quantus is a PoW blockchain whose native token uses the Poseidon2-Goldilocks algorithm and supports GPU mining. Compatible hardware commonly includes Nvidia RTX 30, 40, and 50 series graphics cards.

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22、

Luxxfolio announced the public beta launch of its in-house Scrypt mining pool, LuxxPool, opening it to third-party miners. Compatible devices can participate in merged mining of Litecoin, Dogecoin, and other supported coins through a single connection. The platform offers a miner dashboard and payout settings. The pool was previously used for the company's own mining rigs. During the public beta, some payouts are still processed manually, while automated payouts, automatic coin conversion, and additional wallet integrations remain under development.

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23、

According to Bitcoin com, Bitcoin mining services provider Sazmining launched a purchase plan for immersion-cooled hashboards from Block's Proto. Customers own the equipment, while Sazmining handles installation, operation, and maintenance at U.S. mining facilities. Mined Bitcoin is sent directly to customers' personal wallets. Each hashboard costs $4,187, with a $1,397 down payment and the balance payable over 18 months at zero interest. Each unit delivers approximately 200 TH/s at an efficiency of around 15 J/TH. Operations are expected to begin in November or December 2026, with electricity and maintenance charged separately at a flat rate.

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24、

According to a Fortitude announcement, its 15 MW mining facility in Aurora, Nebraska, has begun participating in the Southwest Power Pool (SPP) wholesale electricity market through a dispatchable demand response mechanism. The facility can adjust its electricity consumption based on grid conditions, dispatch instructions, and market signals, rapidly reducing its load when needed by the grid. Fortitude is a wholly owned subsidiary of DCG focused on mining Zcash and other PoW assets.

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25、

According to Bits media, Russian Government Resolution №1300 and statements from the Energy Ministry require cryptocurrency mining facilities and mining infrastructure operators to apply for grid connections exclusively under the fourth category of power supply reliability. This means these facilities may be among the first to have their power cut during electricity shortages or deteriorating grid conditions to protect supplies to other consumers. Introduced in February this year, the fourth category allows eligible facilities to connect to the grid in power-constrained regions, provided they accept the risk of supply interruptions at any time. The new rules also apply to previously submitted mining facility connection applications that have yet to be finalized. The Energy Ministry said the measures aim to prevent electricity shortages caused by crypto mining and improve the utilization of existing grid infrastructure.

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26、

According to Bloomberg, Arkansas and its Oil and Gas Commission urged the U.S. Court of Appeals for the Eighth Circuit on Tuesday to overturn a preliminary injunction blocking enforcement of a state law restricting foreign ownership stakes in local digital asset mining businesses. Enacted in 2024, the law prohibits citizens or companies from countries subject to U.S. State Department arms export controls from holding equity interests in cryptocurrency mining equipment in Arkansas. During oral arguments, the Arkansas Attorney General's Office challenged the lower court's finding that the state law was likely preempted by federal law. It argued that the restrictions fall within states' core police powers and apply only to investments from countries already identified by the federal government as national security threats.

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27、

According to Kursiv, Daniyar Mubarakov, chairman of Kazakhstan's Blockchain and Crypto Mining Association, called for a review of mining electricity charges, including the levy of 2 tenge per kWh for power drawn from the unified grid and 1 tenge per kWh for independently generated power. He proposed reclassifying mining companies as ordinary wholesale electricity consumers, revising the current quota allocation system, and encouraging oil and gas companies to generate electricity from associated gas to supply mining facilities. These are industry association proposals, rather than approved policy changes.

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28、

The Blockchain Association sent a letter to congressional leaders in both chambers, urging them to advance bipartisan digital asset tax legislation, and launched a public advocacy campaign encouraging people to contact their lawmakers. The association said approximately 67 million Americans own or use digital assets, and that uncertainty in existing tax rules increases compliance burdens and could drive innovation overseas. Its proposed tax principles include a de minimis exemption for small transactions; taxing mining and staking rewards upon disposal; protecting taxpayer privacy; determining tax treatment based on economic substance rather than technological form; and establishing wash sale rules that prevent abuse without disrupting everyday transactions.

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29、

Thailand's Department of Special Investigation (DSI) announced progress in its "BLACK TRACE" operation targeting a network suspected of stealing electricity to operate Bitcoin mining facilities. Authorities seized linked properties in Chonburi and Bangkok worth more than 185 million baht in total. The case, which grew out of an earlier illegal mining investigation, involves 25 suspects. Six have been charged, and arrest warrants have been issued for the remaining 19. Officials said the network allegedly used electricity without authorization over an extended period to power mining rigs and held related assets through nominee ownership and other arrangements.

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30、

INTERPOL disclosed that Angolan police dismantled two illegal cryptocurrency mining facilities during the third phase of Operation Serengeti, arresting nine people and seizing more than 2,000 mining rigs and six unauthorized electrical substations. The multinational operation ran from June 29 to August 31, with some cases still under investigation.

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31、

According to CoinDesk, Zcash developers have agreed on block height 3,543,405 for activation of the NU7 upgrade, expected around November 5, which will reduce block times from 75 seconds to 25 seconds. The upgrade will also temporarily remove 60% of each block's transaction fees from circulation, with those fees set to be returned to miners starting around February 2031. The existing mining reward halving schedule will remain unchanged. The legacy Sprout privacy system will be fully shut down, leaving any unmigrated funds unspendable. As of 08:00 UTC on October 21, the proposed activation height had not yet been merged into the deployment specification and still needed to be incorporated into node software to take effect.

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32、

According to Bitcoin com, Monero's network hashrate stood at approximately 7.12 GH/s, close to its previous all-time high of around 7.54 GH/s. SupportXMR, Nanopool, and Kryptex accounted for approximately 1.87, 1.23, and 1.17 GH/s, respectively, representing a combined share of around 60% of the network's hashrate. This share reflects the hashrate coordinated by these pools and does not mean they own an equivalent proportion of mining hardware.

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33、

According to on-chain statistics published by Firsthand Bitcoin on October 14, F2Pool accounted for approximately 16.4% of the 4,436 Bitcoin blocks mined over the preceding 30 days, up from 12.2% during the previous 11 months. AntPool's share rose from 17.9% to 21.0%, while Foundry USA's fell from 28.5% to 25.3%. Together, the three pools accounted for approximately 62.7% of blocks mined over the 30-day period. These figures reflect changes in mining pools' shares of block production and do not directly establish how miners moved between pools.

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34、

Ethereum co-founder Vitalik Buterin said in a post on X that Bitcoin mining costs are roughly split between compute-related capital expenditure and electricity, while AI inference costs are dominated by compute-related capital expenditure. A chart he shared showed that capital expenditure, including hardware, cooling, electrical equipment, and financing, accounted for approximately 40% of Bitcoin mining costs, while electricity accounted for around 45.9%. For AI inference, the corresponding shares were approximately 76% and 4.8%, respectively.

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35、

According to Bitcoin com, two solo miners mined Bitcoin blocks 973,262 and 973,413 on consecutive days. The first reportedly used a FutureBit Apollo Solo device, while the second mined through Solo CKPool with approximately 16.2 TH/s of hashrate. Both blocks were mined as large mining pools continued to account for the vast majority of the network's hashrate.

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