Today2h ago
Project update
Binance Pool mines one bitcoin block in a week as hashrate drops 65%
With one day left before Binance shuts down its bitcoin mining pool, miners have largely moved their machines elsewhere. Binance Pool found a single block over the past week, about 0.11% of the network total.
The pool's hashrate fell roughly 65% ahead of the November 10 cutoff.
A month earlier, Binance Pool still produced 47 of 4,425 blocks, about 1.1% of the network. Binance is also closing Pool Savings, Cloud Mining and the Transaction Accelerator on the same date.
Hashrate submitted after the cutoff will not be credited, so remaining miners need to switch pools. The exit removes another pool from a market where three operators already control the majority of bitcoin hashrate.
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