This Week on StakeCube, 18th of February 2022

General News

The markets have been trending down this week, probably because of rumors that Biden is going to issue an executive order to regulate the Crypto markets. The United States government has been rather negative on Crypto, and it is expected that any regulation coming from them would be bad for the space. However, these are just rumors, as it is still not clear what this regulation will entail. On top of that, the general markets continue to show the fear of Federal Reserve action against inflation, and this could be part of the reason for the bad performance this week. Big investors seem to be taking a risk-off approach and they still perceive Bitcoin as a risk-on asset. As for StakeCube, we also felt the downturn of the markets, as evidenced by our indicators.

StakeCube in Numbers
  • User Count: 136,261 +0.38%
  • Pool Value: 571.22 BTC -0.97%
  • Daily BTC Mined: 0.031 BTC -13.89%
  • SCC Price: $0.60 -16.67%
  • SCC Market Cap: $6,247,000 -16.25%
  • Daily Exchange Volume $75,982 -18.66%
  • Alexa Rank 16,064 +554

As usual when we have a market crash, the top 5 this week looks quite unimpressive. However, some of our listed coins managed to stay in the green.

These were the top 5 gainers for this week:

Top 5 Gainers

  1. MONK +9.5%
  2. DIVI +5.0%
  3. PNY +1.5%
  4. RDD +1.2%
Twitter Space with Syscoin

This week we announced our new development partnership with Syscoin. You can check out the full announcement here:

After that, we hosted a Twitter spaces to talk about our respective projects and what the partnership will entail. If you missed it, make sure to listen to it here:

Crypto Wendy

Crypto Wendy is a popular Youtube channel that dedicates videos to the Syscoin project. This week she mentioned StakeCube to talk about the new partnership. You can listen to it here, around the 6 minute mark:

Syscoin Shared Masternode

To commemorate the partnership and to welcome the new StakeCube members coming from the Syscoin community, we decided to open a Sys shared masternode so that they don’t need to wait until V3 to earn masternode rewards. If you have some spare Syscoin somewhere, be sure to reserve some shares! You can do it here:

If you don’t know how to do it, you can follow this guide:

At the moment the masternode is about a quarter full, so still a lot of free slots left.

Derek Twitter Spaces

As we mentioned before, Derek and RVG get together periodically on Twitter to discuss StakeCube news and other topics. Yesterday they had a nice talk that you can listen to here:

MineCube Stats

This week there was a huge increase in hashpower that together will the downturn in prices will surely cause significantly lower mining rewards moving forward.

These are some statistics for MineCube as of today:

  • 547 users with at least 100% recovered
  • 170 average workers per user
  • Highest recovery rate: 137.36%
  • $2.29 million worth of workers sold

These are some statistics relevant to the mining of Bitcoin:

  • Hashpower: 211.91m TH/s +13.88%
  • Difficulty: 26.69t +0.04%
  • Bitcoin Price: $40,257 -7.36%

And these are the current number of miners for each coin (including damaged):

  • BTC: 354
  • Dash: 110
  • ETH: 18
  • LTC: 11

Development News

Requested Features

These are our three feature request selections for this week:

  • Exchange trades visible in wallet activity not just exchange history.
  • Sorting dashboard/wallet function by percentage of portfolio, or value in different currencies,
  • Email confirmation to process or discard withdrawals.

We can confirm that all three of these requests will be implemented in StakeCube version 3.

Wallet Maintenance News

Wallet Updates

Previous version:
New version:

Security Notice

Please read the following information regarding the security of your account and funds:

The 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: