The week had a a good start for the Crypto markets in general, with Bitcoin breaking above $45,000 at one point. However yesterday things took a small downturn as inflation data for the last month were released in the US and it came out a lot higher than expected. Once again markets are facing the same dilemma of whether to buy Bitcoin as an inflation hedge or sell it since it doesn’t generate cash flows like bonds do. For the moment it seems like the narrative of inflation as bad for Bitcoin is winning, but if inflation is to persist for a long time inflation hedges will surely outperform other markets. On StakeCube we saw SCC rise in price substantially with higher than usual volumes on the exchange. This is the second consecutive week of high growth, we’ll see if this trend continues next week.
StakeCube in Numbers
- User Count: 135,744 +0.09%
- Pool Value: 576.81 BTC +3.66%
- Daily BTC Mined: 0.036 BTC -5.26%
- SCC Price: $0.72 +16.13%
- SCC Market Cap: $7,459,000 +16.11%
- Daily Exchange Volume $93,412 +43.42%
- Alexa Rank 16,618 +1,201
This week’s top 1 includes some very popular coins on StakeCube such as DogeC and FLS.
These were the top 5 gainers for this week:
Top 5 Gainers
- DOGEC +85.1%
- MONK +51.3%
- ONION +43.3%
- FLS +38.0%
- PHR +31.0%
The Cranky Cranes NFT Collection is the latest success story on the NFT marketplace. With a volume of 800 SCC in less than 24h the Cranes sold out incredibly fast. The floor price sits at the moment at 145 SCC, one of the highest of all SCP collections. Only the Xolos and the StakeCube Pizzas go for more!
Check out the whole collection on SCPScan:
And get your Crane on the StakeCube marketplace:
There have been some instances of copied images on NFTs on the marketplace. Before creating SCP NFTs, please make sure to read our rules on NFTs:
As ever, any NFTs that break the rules will be banned from the marketplace. If you suspect that someone has used images of your property to sell them on our marketplace, contact our support immediately on Discord so that we can take the appropriate measures.
This week we have four new additions to the Discord servers opened by the community.
An Italian server started by our support team member Akerra:
One in Russian, created by iGor[StakeCube.ru]
One for the Scandinavian countries (Norway, Sweden and Denmark)
And the last one, for the Spanish-speaking community created by RVG1503:
Props to Akerra for designing the logo!
As usual, we want to encourage you to make more of these language-specific community channels, be it on Telegram or Discord. We will continue to link them from the #explore channel on the official Discord server so that users find them easily. This is your chance to create your own CubeSquad with people from your own country!
Did you know we have a Reddit server? Well, we do! And it is seeing some more activity lately. If you’re a redditor and want to participate, join us through this link:
HCC Out of Maintenance
HCC had been in maintenance for some time at the request of their team due to the upcoming swap. Although we don’t know the swap date yet, they have asked to take the wallet out of maintenance. Once we know more details, we will be sure to inform the community.
Upcoming KTS Maintenance
We have put the KTS wallet into maintenance due to the upcoming fork. The fork will take place on the 14th of February 2022. Deposits and withdrawals will be disabled around that date to ensure a smooth transition.
This was the official announcement:
SCC BTC Pair
SCC was on fire this week, with daily volumes 2 to 3 times greater than we have seen in a while. This screenshot was from two days ago:
The price also seems to be growing, going from $0.5 a few weeks ago to $0.7 now. The market cap is still pretty far from the StakeCube TVL, but it’s a start.
In a few hours, RVG and Derek will be discussing topics such as this newsletter, SCP, eSports and Crypto news on a Twitter space. After that, there will be open discussion with listeners to answer any questions you might have. Join us and let us know all your thoughts and ideas here:
Also, if you missed last week’s edition of the Derek and RVG talk show, tune in here:
With prices somewhat recovered from the lows of a few weeks ago, mining returns are now slightly better than they were before. However, difficulty keeps steadily increasing and is unlikely to stop while prices remain high.
These are some statistics for MineCube as of today:
- 538 users with at least 100% recovered
- 170 average workers per user
- Highest recovery rate: 136.95%
- $2.28 million worth of workers sold
These are some statistics relevant to the mining of Bitcoin:
- Hashpower: 186.08m TH/s -4.52%
- Difficulty: 26.68t +0.15%
- Bitcoin Price: $43,453 -0.37%
- StakeCube Hashpower: 1,560.0 TH/s +6.87%
And these are the current number of miners for each coin (including damaged):
- BTC: 354
- Dash: 110
- ETH: 18
- LTC: 11
Version 3 Mining Farms
Today we give you a better perspective of one of the upcoming features on StakeCube Version 3: Earn – Mining Farms. For the full list of features, you can check out our newsletter from 2 weeks ago:
Mining Farms are the equivalent of the old MineCube, with changes to extend the viability of the mining operation and to offer more possibilities to miners.
These Mining Farms will still have workers, just as MineCube did, but with some key differences. Mining machines will be split in different farms, according to the year we bought the machines. Workers will be assigned to the farm corresponding to the year when they were bought. So the workers you bought in 2020 will be assigned to the 2020 farm, the ones you bought in 2021 to the 2021 farm, etc. Every year, we will open a new farm and we’ll start assigning mining machines to it. StakeCube will sell workers only from the open mining farm, while the others will be able to be traded on a secondary market. Concordantly, at the beginning there will be three farms:
- Farm 2020: Hardware bought and deployed in 2020. The workers from this farm are tradeable on a secondary market just like coins or tokens.
- Farm 2021: Exactly like farm 2020, it contains the hardware bought and deployed in 2021. The workers from this farm are also tradeable on a secondary market.
- Farm 2022: Currently open farm, the hardware for this has been bought this year. Workers can be bought but the option to sell will only arrive once the farm is complete at the end of the year.
Farms will continue to mine until the machines that they contain are unprofitable, just as it was before. Users with workers in multiple farms will get multiple payouts, one per farm. The payout interval will still be daily but can be subject to change depending on market conditions.
Additionally, we will start to spread out hardware investments between several different distributors. The system has been designed to be flexible, being able to handle different reward sources and intervals based on the conditions from those providers.
The price per worker will remain at $4. The number of workers added to a farm when we buy a new machine will then be the purchase price of the machine in dollars divided by 4. For example, adding a $10,000 machine to a farm will also add 2500 workers to that farm. The daily limit of 10 worker purchases will remain, with the possibility to increase it with the SCC masternode bonus system. Our current plan is to increase the daily hard cap by 2 workers per registered masternode. This means that with the full masternode bonus, the daily limit will be 30 workers. However, these numbers may change depending on hardware availability and market conditions.
The performance fees will stay at 5% of the daily earnings for all coins. However, for those that select SCC as payout, the fee will be just 3%.
We will attempt to have broken machines repaired during the warranty period or StakeCube may pay the repairs if the operation is profitable after that. However, regardless of the provider we host the machines with, we cannot offer any guarantee, as hardware can sometimes break irreparably. In this way the farm system can help users diversify their risk by spreading it over a large array of machines.
This week we have selected the three following requested features as most interesting:
- Account value and exchange order value displayed in selectable currency.
- Confirmation window before execution of an exchange order.
- Time zone Selector.
We will review them and see how they could be implemented. For the confirmation window we still have to explore options, as some users might find this inconvenient.
Wallet Maintenance News
Previous version: 22.214.171.124
New version: 126.96.36.199
Previous version: 188.8.131.52
New version: 184.108.40.206
No masternode restarts were necessary.
Previous version: 1.1.6
New version: 1.1.8
Please read the following information regarding the security of your account and funds:
The StakeCube.net team will:
- Never contact you first
- Never ask you to send them or move coins to some other address
- Never ask you for remote access or to install any third party software
- Never ask you for your password or 2FA codes
- Never provide support using direct messages
If you observe any of these listed behaviors, someone is trying to steal money from you. This applies to all of our social media channels. Our team will post official messages in the appropriate channels, and we only offer support through our ticket system on Discord.
Please, also take into account the following measures to keep your account secure:
- Enable 2FA in the account settings
- Enable IP verification in the account settings
- Use a strong password
- Change the password regularly
- Never share your password with others
- Never allow remote access to your devices
- If you require assistance, use only the official channels
- Download software only from verified sources
SCP Wallet is now signed with JSKitty’s public PGP key. This allows users to verify that the wallet has been cryptographically signed and approved by him. Even if our GitHub is compromised, the downloads are still safe as long as the PGP verification confirms that the files have not been tampered with. If you download SCP, please verify the binary against our developer’s public key: