Dynex’s Ultimatum: A Threat to Decentralization
Dear Miners, The Mining and Crypto Community,
We inform you with great sadness that we were given an ultimatum today by Dynex — limit our pool’s hashrate to 40% or become blacklisted and banned from mining DNX.
Obviously and without a doubt, we cannot fulfill such an outrageous request, as it represents everything crypto was designed to destroy — centralization at its most extreme, imposed through top-down authority and control.
The Impact on Miners
When we don’t adhere, we and all DNX HeroMiners miners will feel its oppressive consequences, designed to enforce compliance through fear, coercion, and restriction.
Our top three miners contribute a combined 31 MH/s — that’s almost 40% of the network’s total hashrate. If they decide to collaborate, will other pools get blacklisted? Will they not be able to mine at all, because wherever they go, they will be rejected? Are they just not allowed to mine DNX together?
A Threat to Crypto’s Core Principles
Crypto was created to dismantle the power of centralized authorities. Our network’s strength lies in its permissionless nature, where every miner has the freedom to choose their pool and contribute without undue interference. Imposing a 40% cap is antithetical to these principles and undermines the very innovation that brought us together.
We actively encourage the distribution of hashrate to help maintain a robust, decentralized network. However, the decision to diversify your mining efforts is entirely up to you. As an intermediary, we hold no authority over how you allocate your resources — we’re here to facilitate and support, not to dictate your choices. Your approach should reflect your own judgment and circumstances.
A Flawed Justification
The DNX team justifies this demand based on a vote held in their Discord community — a vote that is easily subject to manipulation by bots or limited participation. Such a process cannot reflect the true consensus of a decentralized network. Decisions on mining should be made transparently and on-chain, where every node and every miner has a say.
The Dangerous Precedent
If we allow extortionate measures like this to take root, we set a dangerous precedent not only for our network but for the entire crypto ecosystem. The future of decentralized technology depends on our collective commitment to maintaining a permissionless, free, and secure network.
Economic Consequences
Beyond the ideological battle, there are real economic consequences. Free market dynamics allow decentralized miners to choose the most efficient and innovative pools. Arbitrary limits distort market forces, discourage competition, and may inadvertently force the consolidation of power in a few hands — ironically recreating the very centralization we set out to avoid.
If a 40% limit were genuinely necessary for network security or fairness, the DNX team has every technical means to implement it directly into the protocol through a consensus upgrade. A code-based solution, however horrendous, would at least ensure that such a rule is enforced in a verifiable, decentralized manner.
A Call for Transparency and True Decentralization
We urge the DNX team to reject coercion and engage with the community openly. Let’s work together to explore on-chain governance and data-driven solutions that address network health without sacrificing our core principles. A truly decentralized decision-making process will ensure that every miner’s vote is counted, and that changes reflect the collective will rather than the interests of a select few.
We call on every miner and crypto enthusiast to demand accountability, insist on full transparency, and oppose any measures that compromise our freedom. United, we can secure a future where every miner’s voice is respected and every contribution is truly valued.
The Choice Rests with DNX
Ultimately, if the DNX team opts to blacklist us, that decision rests solely with them — we only hope they choose a different path. Such an action would go against the core principles of decentralization and open participation that crypto stands for.
Yours,
HeroMiners
