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Morning Edition · Thursday, October 15, 2026Published at 1:43 AM EDT · New York
Binance Pool Will Close After Its Bitcoin Hashrate Fell 65% Since December
The pool's computing power fell from 26 exahashes per second to about 9, and its remaining miners must move to another provider before a November 10 cutoff.
Binance is shutting down its bitcoin mining pool. The pool once handled 2.3% of the network's computing power, CoinDesk reports. Its hashrate, the computing power miners direct at it, fell from 26 exahashes per second (EH/s) in December to…
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Bitcoin Mining Pools Consolidate
Pressure on miner revenue keeps squeezing mid-sized and exchange-run mining pools out of the market, concentrating control over bitcoin block templates among a few large operators unless miner-built templates gain adoption.
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