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Bitcoin mining pool once powering 2.3% of network collapses as hashrate plummets 65%

15.10.2026 04:13

Binance Pool has witnessed a dramatic contraction in its computational footprint, with total hashrate plummeting from a peak of 26 exahashes per second (EH/s) recorded in December down to roughly 9 EH/s, according to data aggregated from internet sources. This steep decline signals a significant migration of mining resources away from the platform, reshaping the distribution of network security contributions.

With the platform setting a firm cessation date of November 10, the operators still connected to the pool are now compelled to redirect their hardware toward alternative providers before the deadline arrives. This mandatory transition underscores the urgency facing remaining participants, who must secure new mining arrangements to maintain operational continuity and revenue streams.