Binance will discontinue its Bitcoin mining pool on November 10, 2026, following a substantial decline in computing power connected to the service. With Binance Pool's hashrate down approximately 65% since December, the closure raises fresh questions about mining pool concentration, operational reliability and where displaced miners will direct their equipment.
Bitcoin is trading around $83,000 after retreating from its early-October highs near $87,000. The $82,500 support area and $84,500 resistance zone have emerged as important short-term levels, while recent ETF outflows and an approaching U.S. inflation report add uncertainty to the week ahead.
Bitcoin miners are finally seeing meaningful relief after months of compressed margins. Daily industry revenue has climbed from roughly $27 million at July's lows to as much as $48 million, while hashprice briefly returned above $40 per PH/s/day. The catch: network hashrate is rapidly approaching 1 ZH/s again.
Bitcoin's mining difficulty fell by just 0.03% on October 3, settling at 132.72T. The unusually small adjustment followed a 4.16% increase in the previous epoch and leaves miners competing at nearly the same difficulty level.
The Middle East remains caught between diplomacy and further military escalation. For Bitcoin miners, the most important transmission channel is likely to be energy: a broader disruption could affect electricity costs, logistics and regional uptime before it has any direct impact on the Bitcoin network itself.
Hut 8 has been selected as the winning bidder for two Texas data center sites owned by bankrupt mining company Poolin. The $140 million offer came in at nearly three times the opening bids and highlights the increasing value of power-ready mining infrastructure as AI demand expands.
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