Binance mining pool nears shutdown after just one block in week
In short
Binance’s bitcoin mining pool found only one block in a week as it moved toward a November 10 shutdown. CoinDesk said the operation has nearly vanished from Bitcoin’s block-production rankings.
This shows the pool’s activity has dropped sharply before closure. It may matter for miners and the wider bitcoin mining market.
What the reporting says
Binance’s bitcoin mining pool found just one block in a week as its November 10 closure approached. CoinDesk said the exchange’s once-significant mining operation has nearly disappeared from Bitcoin’s block-production rankings ahead of shutdown.
Why it matters
Binance’s bitcoin mining pool produced just one block in a week ahead of its November 10 closure. CoinDesk said the operation has nearly disappeared from Bitcoin’s block-production rankings. The event signals a steep drop in mining activity for Binance’s pool and may affect participants linked to bitcoin mining capacity and block production.