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Crypto & Bitcoin

Binance Pool to Close Nov. 10 After Six-Year Mining Run

Reported by Nicholet R., Crypto Economy

Image: Crypto Economy

Binance will shut down Binance Pool and related mining services on November 10, ending an operation launched in April 2020. In its official announcement , the exchange said the cutoff will occur at 07:00 UTC, when mining connections, Stratum URLs and endpoints begin shutting down. The closure ends more than six years of Binance’s direct participation in pooled crypto mining while requiring users to redirect computing power before the deadline. Pool Savings, Cloud Mining, Transaction Accelerator and related features will also disappear. The move closes a chapter that began with Binance’s entry into Bitcoin mining .

This is an excerpt. The reporting belongs to Crypto Economy.

Read the full report on crypto-economy.com
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