Key Takeaways
- Binance Cloud Mining, Binance Pool, Pool Savings, and Transaction Accelerator all stop on November 10, 2026 at 07:00 UTC.
- Cloud Mining was built on Binance Pool: subscribers rented hashrate from mining machines working through the pool, and Binance is closing both on the same day.
- Binance says it will process eligible rewards, refunds, or settlements after the shutdown, and it asks users to complete any required identity verification by November 10 at 23:59 UTC.
- For a Cloud Mining subscriber, the closest next step is a digital bitcoin miner from GoMining: the same remote access to Bitcoin mining and daily BTC rewards, with no hardware at home.
- A digital miner is something you hold, with no fixed term: you can upgrade it, list it for sale, connect it to Simple Earn, the GoMining Card, and Instant Funds, and lower its daily maintenance fee with several discounts.
Binance announced in October that it is discontinuing Binance Cloud Mining, Binance Pool, Pool Savings, and Transaction Accelerator, with all four services ending on November 10, 2026 at 07:00 UTC. If you subscribed to Binance Cloud Mining, your hashrate and your daily rewards stop at that moment.
The good news is that you already know it is possible to get access to mining remotely: you pay for hashrate, the machines run somewhere else, while BTC arrives in your wallet regularly. That experience carries straight over to a digital bitcoin miner from GoMining, which works on the same idea and adds a few options a subscription doesn’t have.
How Binance Cloud Mining and Binance Pool Worked Together
Binance Pool, which launched in April 2020 and held roughly 2.3% of Bitcoin’s network hashrate at the end of 2025, is a mining pool: it combines the hashrate of many miners’ machines, finds blocks together, and shares the rewards by each machine’s contribution. Those machines are ASIC miners, computers built only to run Bitcoin’s SHA-256 algorithm, and their operators pointed them at Binance Pool.
Binance Cloud Mining was a Binance Pool product for people with no equipment of their own. You bought hashrate in TH/s for a set number of days, paid a hashrate fee and an electricity fee per TH/s per day upfront, and the rewards that hashrate earned in the pool arrived daily in your Binance Funding Wallet. In other words, the hashrate you rented came from ASIC machines mining through Binance Pool, which is why the price included electricity. Pool Savings and Transaction Accelerator ran on the same pool, and all four products close together.
Binance Cloud Mining and Binance Pool Are Closing: What You Should Know
Binance calls the closure “part of our ongoing review of products and services.” These are the dates that matter:
- November 10, 2026 at 07:00 UTC: all four products stop, and no new rewards accrue.
- November 10, 2026 at 23:59 UTC: the deadline for any identity verification Binance needs before it pays out remaining amounts.
- November 24, 2026 at 07:00 UTC: Binance Pool pages with account records and payout status close for good, so save the records you need before then.
Binance hasn’t said whether unused days of an active Cloud Mining subscription are refunded. It says eligible rewards, balances, refunds, or settlements will be processed after the cutoff, so check your subscription in your Binance account and ask Binance support if anything is unclear. If you hold Pool Savings, Binance asks you to unsubscribe or redeem before the cutoff.
Why a Digital Miner Is the Easiest Next Step After Cloud Mining
GoMining is an app that lets you take part in Bitcoin mining from your phone or computer. At its core is the digital bitcoin miner, a digital asset backed by real mining hardware in GoMining’s data centers, and you can watch the machines at three of its US sites on live video feeds.
If you’ve used Binance Cloud Mining, most of this will feel familiar:
- The hardware works in a data center, and you take part through the app, with no machine at home.
- You get mining power measured in terahashes (TH), the same unit as your subscription.
- Electricity is part of the deal: a daily maintenance fee covers it, along with equipment service, and it’s deducted from your BTC rewards.
- Rewards arrive every day in BTC.
Each digital miner also has an energy efficiency in watts per terahash (W/TH), which works like fuel consumption: a lower figure means less electricity for the same work. The main difference from a subscription is that the mining power doesn’t come for a set number of days. You hold it, and that opens up the options below.
Binance Cloud Mining vs. a Digital Miner from GoMining
A Digital Miner Is Something You Hold, with No Fixed Term
A Binance Cloud Mining subscription ran for a set number of days, counted from the moment its hashrate went online. A digital miner has no fixed contract term, so it keeps mining for as long as you hold it. It sits in your GoMining account, and an eligible miner can be even moved to an external crypto wallet.
You Can Upgrade the Miner or List It for Sale
A digital miner can be upgraded in the app, both its mining power and its energy efficiency, for example to the 12 W/TH efficiency tier that new miners get as of mid-2026. Upgrades are paid, so they’re a choice you make when the numbers suit you.
When you want to step away, you can sell your miner on GoMining’s secondary marketplace at a fixed price or in a Step-Down Auction, where the price drops on a schedule until a buyer accepts it or it reaches your floor. Each sale is a peer-to-peer deal between users, so it needs a buyer at your price, and both sides pass identity verification first.
Bitcoin Mining Pools Are Handled for You, Just Like Before
With Binance Cloud Mining, the pool came built in, and you never had to pick one. A digital miner works the same way. GoMining’s mining power runs on major partner pools, spread across several of them for reliability. The app sets a default pool for you, and if you want to, you can switch your preferred pool in the reward settings.
GoMining’s miners add up to roughly 2% of Bitcoin’s total network hashrate at the time of writing, close to the share Binance Pool held at the end of 2025.
Rewards Move with Network Difficulty and the BTC Price
As with your Cloud Mining rewards, the size of digital miner rewards depends on how much TH you have. They’re paid daily in BTC to the GoMining Wallet, the in-app wallet, and they move with network difficulty: when more machines join the network, difficulty rises and each TH earns less BTC. A lower BTC price, in turn, lowers the dollar value of the same reward. On days when rewards are low, they can be smaller than the maintenance fee, which is why the discounts below are worth using.
How to Lower the Maintenance Fee
The Binance Cloud Mining subscription has the electricity fee set at purchase. The maintenance fee of a digital BTC miner can be lowered, and as of November 2026 four discounts apply:
- Paying the fee in GOMINING tokens, which you turn on in the reward settings, gives a discount of up to 20%, depending on how many days of fees your token balance covers.
- The Service button in the app adds 0.3% each day you tap it, up to 3% after 10 days in a row. It resets at 00:00 UTC, and missing a day starts the count over.
- Your VIP level adds a discount from 0.3% up to 6% at Elite.
- Miners in Mining mode get an extra discount automatically, and its size depends on the results of veGOMINING voting.
Simple Earn, the GoMining Card, and Instant Funds Work with Your Miner
Simple Earn, a GoMining Wallet feature, lets you earn BTC on your crypto balance with no lock-ups, and you can take those rewards in TH, which are added to a miner you choose. The GoMining Card, a crypto debit card for paying online and in stores, pays its cashback as TH added to a miner you select.
With Instant Funds, GoMining’s collateral service, you can lock an eligible miner to get USDT or USDC for 30-day periods that renew automatically, and the miner keeps earning BTC during a normal term. If the position reaches the liquidation threshold, you have 7 days to buy the miner back before it’s put up for sale, and the rewards it earns from that point are lost.
Comparison Overview
Binance Cloud Mining | Digital bitcoin miner from GoMining | |
|---|---|---|
What you get | Hashrate (TH/s) for a set number of days | Mining power (TH) and energy efficiency (W/TH) that you hold |
Hardware | ASIC machines mining through Binance Pool | Real mining hardware in GoMining’s data centers |
Term | Set number of days from when the hashrate went online; closes November 10, 2026 at 07:00 UTC | No fixed contract term |
Fees (as of November 2026) | Hashrate and electricity fees per TH/s per day, paid upfront | Daily maintenance fee for electricity and service, deducted from BTC rewards |
Lowering the fee | Set at purchase | Up to 20% with GOMINING tokens, up to 3% with the Service button, 0.3-6% by VIP level, plus a Mining mode discount |
Rewards | Daily, to the Binance Funding Wallet | Daily in BTC to the GoMining Wallet, varying with TH, network difficulty, and BTC price |
Changing your setup | Set when the order is confirmed | Paid upgrades to TH and W/TH |
Stepping away | The subscription runs until its last day | List the miner for sale to other users on the GoMining marketplace |
Mining pool | Binance Pool, built in | Handled by GoMining; default preset, switchable in the reward settings |
Simple Earn | Not part of the subscription | Rewards can be taken as TH added to your miner |
GoMining Card | Not part of the subscription | Cashback arrives as TH added to your miner |
Instant Funds | Not part of the subscription | Lock an eligible miner as collateral for USDT or USDC; it keeps earning during a normal term |
Where Binance Cloud Mining Users Can Go from Here
On November 10, every Binance Cloud Mining subscription stops on the same morning, however many days were left. If you want to keep taking part in Bitcoin mining, you don’t need to learn anything new: a digital miner from GoMining runs on the same idea of remote hashrate with daily BTC rewards.
The difference is that the mining power is yours to hold, with no fixed term, so you decide where it goes next: upgrade it, connect it to Simple Earn, the GoMining Card, or Instant Funds, or list it for sale when you want to move on. Or, you can simply hold GoMining’s digital miner to benefit from the ongoing BTC mining operation.
