Binance Pool's Hashrate Drops 65% Ahead of November 10 Shutdown
- —Binance Pool's hashrate fell from 26 EH/s to 9.2 EH/s, down 65%
- —Its share of the Bitcoin network dropped from 2.3% to under 1%
- —The pool and related services close on November 10; pages will be removed November 24
- —Foundry USA, AntPool and F2Pool now control 64.2% of block production
Why it matters: Binance's exit deepens mining concentration among the three largest pools, raising concerns about Bitcoin network decentralization.
Source: Koin Bülteni