Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%
60-second summary
Bitcoin mining pool Binance Pool, which once contributed roughly 2.3% of the network, sees its hashpower plunge from 26 EH/s in December to about 9 EH/s, a 65% drop, and must force remaining miners to migrate by the November 10 deadline; this sharp contraction pressures overall network security and could tighten mining competition, influencing hash‑rate distribution and market dynamics.
Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov. 10 cutoff.