SBI Crypto Shuts Down July 31: Where to Move Your Miners Right Now
On July 2, 2026, Japanese financial giant SBI Holdings announced it would shut down its SBI Crypto mining pool. Share submission stops at 07:00 JST on July 31 (22:00 UTC on July 30). The pool currently handles about 20.9 EH/s, roughly 2.2% of the entire Bitcoin network according to Hashrate Index data as of June 30, 2026. If you're mining on SBI Crypto, you have a few weeks left to switch without losing income.
Why SBI Crypto Is Closing
The company hasn't given an official reason. SBI Crypto CEO Hiroaki Morita pointed to pressure from falling mining margins and rising operating costs in a note to clients. Parent company SBI Holdings isn't retreating from crypto overall, it's simultaneously pursuing a $289 million stake in exchange Bitbank, continuing to expand trading, custody and payment services. The mining pool as a standalone line simply appears to have stopped being profitable amid a hashprice around $29 per PH/s/day, a level comparable to the 2020 crash.
Where SBI Crypto Itself Pointed Miners
In its official notice, the company recommended three alternatives: Braiins Pool - Luxor - and Neopool. All three support Stratum connections without downtime, but miners actually have more options, and the decision on where to redirect hashrate should be based on fee, payout scheme, and minimum payout, not just the first recommendation.
What to Compare Before Switching
- Pool fee - a 1-2% difference matters when operating at the margin of profitability in 2026
- Payout scheme - FPPS gives predictable income, PPLNS depends on pool luck but can be more favorable short-term
- Minimum payout - critical for small farms if the threshold exceeds 0.001 BTC
- Switching delay - you lose 1-2 rounds of work while the new pool accepts the first valid share
Pool Comparison for Migrating From SBI Crypto
| Pool | Hashrate (network share) | Scheme | Fee | Min. Payout |
|---|---|---|---|---|
| Foundry USA | ~24.3% | FPPS | 0% | 0.001 BTC |
| AntPool | ~19.4% | PPLNS/FPPS | 2%/4% | 0.001 BTC |
| F2Pool | ~14% | FPPS/PPLNS | 4%/2% | 0.001 BTC |
| ViaBTC | ~8.8% | PPS+/PPLNS | 4%/2% | 0.0001 BTC |
| TRUSTPOOL | ~1% | PPS+ | 1% | 0.0005 BTC |
For a detailed income breakdown on a specific ASIC, see our TRUSTPOOL vs Foundry vs AntPool comparison. For small and mid-size farms, a 1-3% fee difference adds up to a meaningful sum over a year.
How to Switch Without Losing Income
- Register on the new pool and get the Stratum address (usually
stratum+tcp://...) - In your ASIC's web interface (usually at the device's IP address), replace Pool 1 with the new address, keeping SBI Crypto as Pool 2 (backup during transition)
- Save settings and restart the miner
- Check the new pool's dashboard that shares are being accepted within 5-10 minutes
- Once confirmed, remove SBI Crypto from the backup pool list before July 31
To check which pool gives the best return on your specific hardware, use our mining profitability calculator, enter your ASIC's hashrate and power draw.
Frequently Asked Questions
What happens if I don't switch before July 31?
After 07:00 JST on July 31, SBI Crypto will stop accepting shares. Your miner will keep running physically, but income stops until you point it to a new pool in the device settings.
Do I need to move my wallet or balance?
SBI Crypto should pay out your accumulated balance before closing. Check the final payout timing in your dashboard, pools typically auto-pay remaining balances at shutdown.
Which pool is best for a 1-5 ASIC farm?
For small farms, a low minimum payout and a stable FPPS/PPS+ scheme matter more than the pool's absolute size. Foundry USA and TRUSTPOOL both offer low payout thresholds and predictable income.