StakeCube in Numbers
This was a very volatile week for the Crypto markets, heavily influenced by the release of Joe Biden’s executive order on Cryptocurrencies. The executive order directs federal agencies and regulators in the United States to coordinate in creating a regulatory framework for digital assets. Immediately after the release, Bitcoin rose to $42,000, showing that markets had anticipated it would be bad news. However the rest of the week prices have been correcting down again and most cryptocurrencies ended up with loses. There are rumors that this could be caused by great fortunes in Russia liquidating huge amounts of Bitcoin over the last few days. They say that it could be because of fear of asset freezes in Switzerland, where most of the selling is taking place. StakeCube has also felt the downturn, with SCC prices falling quite significantly. However most other metrics reflect that activity continues at the same levels as before, with exchange volume reaching pretty high daily figures over the last few days.
- User Count: 137,741 +0.34%
- Pool Value: 562.92 BTC +1.36%
- Daily BTC Mined: 0.025 BTC -3.85%
- SCC Price: $0.44 -16.98%
- SCC Market Cap: $4,604,000 -9.84%
- Daily Exchange Volume $109,895 +48.75%
- Alexa Rank 16,197 +79
Not many coins ended the week with growth among those listed, but as usual there were some exceptions. Interestingly, it wasn’t just micro-caps that did well this week, as most of the coins in the top 5 are of medium to large size.
These were the top 5 gainers for this week:
Top 5 Gainers
- PNY +12.8%
- NAV +8.2%
- DASH +6.1%
- DGB +4.3%
- PHR +4.0%
StakeCube Statement about the War in Ukraine
At StakeCube, we have been watching the events unfolding in Ukraine with great concern. We want to express our deepest condemnation of this unfair conflict that many innocent people will have to pay for with their lives. The actions of the Russian government have brought destruction to Ukraine and great economic damage to the entire planet. It is hard to see any positive side to this conflict and we can only hope that it ends soon.
As a consequence of these decisions made by the Russian government, many companies and platforms have decided to boycott Russia by abandoning the country altogether. This is a burden that Russian citizens will have to bear, even though many of them did not support this conflict in any way. At StakeCube we have decided not to block access to our services from any of the involved countries. As a global Crypto platform, we aim to provide our services to every place without exception. It is our small contribution to giving the unbanked people of the world an option to save and earn money. We feel that this purpose is today much more important than ever.
We wish those in our community that are currently in Ukraine good health and hope they find a way to keep themselves and their families safe.
PNY Added to NodeCube
Over the last few months PNY has been one of the most popular coins on StakeCube. Every day the PNY community trades huge amounts of the coin through our exchange, and we are very happy that they are making good use of our services. That is why we have decided to make an exception for them and add PNY masternodes to NodeCube before the release of Version 3.
PNY masternodes have an incredible annual ROI of 312%. The collateral requirement for a PNY masternode is 100,000 coins.
Both PNY Hot and Cold nodes can already be installed using NodeCube. You will find the options here:
If you need help installing a masternode, feel free to join our Discord server and open a support ticket. We will gladly guide you through the process.
Discord Trivia Competitions
We want to remind our community that we have a #trivia channel on our Discord where you can participate in competitions and earn some SCC. The trivia competitions take place on Tuesdays, Thursdays and Saturdays at 8 pm server time.
If you wish to participate, first join our Discord:
then simply go to the #bot-playroom channel and type the command !trivia. This will grant you the necessary role to participate. You will notice that the color of your nickname will change to brown.
Check Deposit Address and Wallet Status
We keep getting support tickets from users that deposited coins to the wrong address or to a wallet that is in maintenance. Remember to always double-check that the address you are pasting is correct, and that the wallet is online. Otherwise your coins might be delayed until the wallet is online again, or in cases of wrong address they can be lost forever. Also make sure to copy the address again with every deposit, as it may be that the address has changed since the last time you used it.
Tomorrow we will be hosting our Axie Infinity tournament, with an incredible 229 players registered for it! They will have to hurry up and check in fast, as only the first 128 will get a spot. Good luck!
Already today we did a warm up session with our content creator P0tyok on our Twitch channel. In it, he showed and explained the card reveals for the upcoming update of Axie infinity and the arena battles. P0tyok will be streaming every Friday, so make sure to pass by every week and ask questions or get help with your arena strategy. Follow us on Twitch:
If you want you can also give him some love and a follow on Twitter:
We are also getting a few more content creators for StakeCube eSports. More on this soon. If you are a content creator and you’re interested in helping our StakeCube eSports section, make sure to fill out this application:
As we announced last week, we secured 100 whitelist spots for our community for the Mad Droids release. 50 of these we were going to give away through Twitter while the other 50 through Discord. The 50 assigned through Twitter have been drawn already and can be consulted here:
There might still be some additional spots, so make sure to fill out the Google form you will find on the Tweet.
Wallets in Maintenance
A few of our wallets and masternodes have been affected by a network outage within their public connection. Although the wallets and masternodes are technically still online and running, our website cannot connect to them right now. At the moment we are waiting for the datacenter to fix the issue. We expect it to be resolved in about 8 to 12 hours.
Rewards might be delayed for a few affected coins but they will be all credited later. The problem has also affected the BTC and Strax hot wallets. Withdrawals are not possible until the wallets are back online, while deposits will be credited after maintenance.
As for the rest of the wallets in maintenance, this is their current status:
- KTS: Remains in maintenance for a hard fork. Development of the new wallet is delayed due to the war in Ukraine.
LUX: Remains in maintenance with explorer issues and an upcoming new chain.
TUP: Remains in maintenance awaiting a new wallet that solves the masternode issue.
ULG: We are currently working with the ULG team to resolve the wallet issues being experienced. Early in the week we saw some progress, but the wallet remains in maintenance for the moment.
STRAX: We have been experiencing some issues with the wallets and servers they’re on. We are migrating these wallets to new servers but this process has been hindered by the aforementioned connection outage at the datacenter. The work is nearly complete and STRAX should be back online again as soon as the datacenter issue is resolved.
Over the last few weeks mining returns have managed to stabilize at pretty low levels. As it seems, the hashrate has stopped growing for the moment, allowing the difficulty to correct a bit. However, as prices have continued to go down this week, mining profitability hasn’t increased as a consequence.
These are some statistics for MineCube as of today:
- 573 users with at least 100% recovered
- 169 average workers per user
- Highest recovery rate: 138.21%
- $2.29 million worth of workers sold
These are some statistics relevant to the mining of Bitcoin:
- Hashpower: 191.07m TH/s -1.83%
- Difficulty: 27.59t -1.37%
- Bitcoin Price: $38,849 -8.72%
And these are the current number of miners for each coin (including damaged):
- BTC: 356
- Dash: 110
- ETH: 19
- LTC: 11
SCC Core Wallet
As we said when we swapped SCC to the Dash codebase, we will be backporting to SCC all changes and improvements released for it. Now we are in the final stages of an effort to backport the hundreds of commits that have been published since then, combined with existing SCC features such as SCP, burning mechanics and DMN improvements.
We expect the work to be done in the near future, when we will release SCC Core v3.2.0. It will contain many of Dash’s improvements to features such as InstantSend and Chainlocks security; as well as a more robust DMN network, faster syncing, and better overall stability for full-node users. The new version also has an improved GUI inherited from Dash, with the updated SCC branding (v3-based).
In the future and as the Dash codebase continues to evolve, we will update the SCC codebase to include any necessary or interesting changes they implement.
Selected Feature Requests
These are the 3 features from the #feature-request channel that we are highlighting this week:
- Hardware 2FA/U2F support, like YubiKey
- Using SCC to cover trading fees to get discount
- Support for browser notifications for the exchange when an order is executed
Wallet Maintenance News
Previous version: 0.21.1.7
New version: 0.21.1.8
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: