Binance Pool's shutdown has one hard deadline: November 10, 2026 at 15:00 (UTC+8). After this point, submitted hashrate shares will no longer be accepted, processed, or recorded. If your miners still point to Binance Pool's Stratum address after that time, the machines will keep consuming power, but the shares they produce will not earn any income. Switching pools and settling remaining funds are two separate tasks that need to be handled independently. Do not wait until after the pool shuts down to act.
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Hashrate Switching: First Confirm Who Controls Your Miners, Then Change Connections
Switching mining pools essentially means changing your miner's target connection address and worker name. It does not change the algorithm or the hardware. Before taking any action, first figure out who controls your miners.
You manage your own ASIC miners: You need access to your miner's configuration interface. Before making changes, write down the current URL, port, and worker name pointing to Binance Pool. When changing settings, get the current connection address and port from the target pool's official documentation. Do not use old screenshots or information forwarded by third parties. Change only the first machine first, confirm that the new pool's dashboard shows this miner's shares being accepted, then migrate the rest of your devices the same way. Also check whether the backup pool slot is also filled with a Binance address. If you only change the main pool and ignore the backup, your miners will fall back to the already-shut-down address when the main pool has issues.
Miners managed by a hosting provider: You cannot directly change the configuration. You need to contact the hosting operator to confirm who will perform the switch, when it will be scheduled, and how you can verify each machine after the switch. In hosting scenarios, the most common pitfall is getting stuck between "assuming they will handle it" and "nobody actually handling it." It is best to get explicit confirmation that the switch is complete, not just a verbal promise.
You only hold cloud mining contracts: Cloud mining contracts cannot be redirected like physical miners, and there is no operation to "transfer" a contract to another pool. Binance's announcement lists cloud mining as a service that will stop at the same time. This part needs to be handled according to Binance's subsequent processing path for cloud mining products. You cannot apply the physical miner switching method to it.
When choosing a replacement pool, do not just look at hashrate rankings. First confirm: whether the pool supports the coin and device model you mine, whether you can use the pool's services normally in your region, whether you accept the payout method and minimum payout threshold, and whether there is clear official documentation for connection addresses and backup configurations. Test with one miner first, confirm that shares are correctly recorded, then migrate the rest of your equipment.
Remaining Fund Settlement: Three Time Points, Three Different Things
Binance's announcement contains more than one deadline related to funds and accounts, which can be confusing. Let's break them down in chronological order:
November 10, 2026 at 15:00 (UTC+8): Mining pool services stop. No new mining income will be generated after this point. Eligible shares submitted before this time will be included in the final reward calculation. This is the cutoff line for income calculation, not the arrival time of funds.
November 10, 2026 at 23:59 (UTC), which is November 11 at 07:59 (UTC+8): This is the deadline for completing necessary account steps, including identity verification if applicable. The announcement says this is "to facilitate timely processing" of eligible unpaid rewards, refunds, or settlements. It is important to understand this clearly: completing verification does not mean funds will arrive immediately, but failing to complete verification may cause the settlement process to get stuck. Binance has reserved conditions for subsequent processing — "processed according to applicable product rules, account status, risk control measures, compliance review, and applicable laws" — with no commitment to a uniform arrival time.
November 24, 2026 at 15:00 (UTC+8): The mining pool page will be permanently closed. Before this point, you can still view historical data, account records, and payout status. After this point, the page will no longer be accessible. If you need to keep mining records for accounting, tax, or reconciliation purposes, you should export or screenshot them now. Do not wait until the last day.
If you hold Mining Pool Savings positions, you need to actively cancel the subscription or redeem before the service ends. These assets will not automatically return to your spot account. You need to operate this yourself. After the operation, confirm the balance in your Binance spot account or funding account, rather than just looking at the Mining Pool Savings page showing "redeemed."
Common Sticking Points and How to Judge Them
"The mining pool page won't open. Are my funds gone?" The mining pool entry on the Binance homepage will be removed after November 10, but the mining pool page itself remains available until November 24. If you cannot find the entry after November 10, you can access it through the historical page directly or look it up from your account records, rather than concluding that your assets are lost. The page will only be completely shut down after November 24.
"Shares were submitted before the deadline. Why haven't I received payment?" Shares being accepted, being included in the final reward calculation, and actually being paid out to your account are three separate stages. The announcement only says that eligible shares submitted before the deadline will be included in the final calculation, but the payout itself is subject to account status and compliance review. You need to first confirm whether your account's identity verification is complete, then check the payout status on the mining pool page (before November 24), rather than assuming that funds should arrive immediately just because the deadline has passed.
"The new pool shows no hashrate after switching miners" First check whether the address and port your miner is actually connected to match the target pool's official documentation. Then check whether the worker name format meets the requirements. Some miners need a restart after saving settings to take effect, while others only switch to the backup pool when the main pool is unavailable. Search by worker name in the new pool's dashboard and confirm that share records appear. Only then is the switch complete.
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