StakeCube in Numbers
Bitcoin had a pretty bad week, losing the $60,000 level and more than 10% in value. Most cryptocurrencies have followed the same trend, with some of them crashing even more sharply. SCC started the week really well but the Bitcoin crash accelerated towards the end bringing us down to the 2,000 Satoshi level again. All in all we have held our ground pretty well, outperforming many other cryptocurrencies including Bitcoin. It is soon to say, but the worst of the crash could be done, as prices have recovered some terrain over the last day or so.
- User Count: 127,809 +0.62%
- Pool Value: 584.92 BTC +1.33%
- Daily BTC Mined: 0.090 BTC -3.23%
- SCC Price: $1.17 -6.40%
- SCC Market Cap: $11,557,000 -6.14%
- Daily Exchange Volume $148,282 -21.31%
- Alexa Rank 18,296 -136
Somehow Birake made it into the top 5 again, with a huge weekly growth of 107%. However, we should point out that the spreads on it are also pretty big. Impressively, MANA was top 2 with a growth of 54.4%; not bad for a project with more than $5 billion market cap. Incidentally, this was also the week that we decided to list them on StakeCube.
These were the top 5 gainers for this week:
Top 5 Gainers
- BIR +107.0%
- MANA +54.4%
- DOGEC +35.9%
- DIVI +17.7%
Decentraland [MANA] Listing
Decentraland is one of the leading metaverse projects out there, with a very long history behind them. It was created in 2015, initially as a pixelated grid where people could allocate pixels using a PoW algorithm. Later on they made the jump to 3D, selling virtual land parcels. Today Decentraland wants to create the first complete virtual world entirely owned by its users. Go check out their website to learn more about them:
MANA is an ERC20 token, please take this into account when depositing and withdrawing. Also please note that the first transactions might be slower due to the necessary checks done for newly listed coins. You can trade it already on the BTC trading pair:
NFT Marketplace Success
The release of the NFT marketplace has brought a lot of activity and a true fever to create the hottest collection out there. This has been reflected both on on-chain and off-chain activity. On-chain transactions reached a new high of 2,000 per day, far surpassing the few hundreds we averaged up until now. This is also close to an average of twice a day for every existing SCP wallet. So far we have 109 different contracts running on our smart chain, with all this activity having burnt more than 1,000 SCC already.
On StakeCube.net, sales of NFTs have moved a volume of more than 9,000 SCC, with around 1200 NFTs changing hands through our marketplace. The most popular collections sold this week were StakeCubePunks, Phish’s Launch Collection and Master NFT. The Punks alone accounted for more than 10% of the whole volume traded! As for the priciest NFT traded was one of the promotional SCPizzas airdropped a few weeks ago, selling for a whooping 300 SCC:
We also implemented a few quality of life features for the marketplace this week. These included a new sorting system, verification tags, and a full-size viewer for NFTs. Over the next few weeks we will continue developing new features, as there has been a long list of suggestions on how to improve it.
This week we made big steps in preparing the marketing strategy for the release of StakeCube v3. We intend to have an extensive and multi-pronged marketing campaign not only to ensure that the launch is a success, but also to create visibility for our brand and extend our outreach moving forward. StakeCube has lacked visibility in the past, and we want to make sure to correct that.
Meatec Issues This Week
There were two new power cuts at the Meatec facilities this week, causing a temporary disruption of service. These are the official communications:
Meatec Issues AMA
Over the last few weeks Meatec has experienced some problems that temporarily disrupted their service. This has caused some of our users to ask about the situation and whether these disruptions will continue. We have asked Meatec to join an AMA hosted by StakeCube in order to clarify these issues and answer any questions you may have.
For this, we will open a channel on our Discord server where everyone is welcome to post any questions they want to ask. The channel will be open between the 22nd and the 26th of November. Our community managers will summarize these questions and submit them to Meatec. Once we have the answers we will publish them through our official social media channels. To join our Discord, follow this link:
Players are already warming up the engines and mentally preparing for the Rocket League tournament that will begin tomorrow at 15:00 CET. We expect you all to be there supporting your favorite team and leading them to victory. The official stream will start with the semifinals at around 17:45 on our Twitch channel:
Make sure to follow us so that you don’t miss it, and subscribe if you want to support us organizing future events!
This time we got two experienced Rocket League players to commentate on the event. Fox and ImaginaXion will be casting and guiding you through the matches. These are their Twitter accounts:
In charge of the production we had Flex4ESports:
We are happy to be cooperating with them for this event. Flex4 will also stream our tournament with Italian commentators over at:
Thanks again to all of our awesome sponsors for making the event possible!
BTCT has been in maintenance for a long time due to the unavailability of an official explorer compatible with our system, as well as the fact that their website has not been running for some time now. We have contacted the BTCT multiple times about these issues without seeing any real progress or solution.
We will officially delist BTCT on the 17th of December. Please withdraw all your coins before that date or they will be lost. Also please keep in mind that due to the aforementioned explorer issues we cannot guarantee the success of all withdrawals, as we have no way to verify the transactions.
The HCC team has requested that we put the wallet into maintenance. Apparently they will be hard-forking and changing their ticker to HCCP. We don’t have any timeframe for the reopening of the wallet at the moment.
DNS Routing Issues
Monday and Friday we experienced some issues with our DNS routing due to both local and global issues across different server providers. Not everyone was affected by it, but for the majority of our users the site had slower loading times. For some, login didn’t work, as the problem affected the recaptcha service and the API. We apologize for the inconvenience and are looking for possible ways to avoid this in the future.
We are getting many questions regarding reduced mining rewards for MineCube workers. We thought it would be good to provide a short explanation and add some statistics to the newsletter so that users can continue to monitor the variables that can affect their mining revenue.
Aside from the recent issues our provider experienced, mining returns have been affected by falling prices and by the increasing mining difficulty of the Bitcoin network. Falling prices affect MineCube returns, because although they don’t affect how much the miners earn in BTC, they affect how much those rewards are worth in fiat. Since electricity costs are denominated in fiat, profit margins are reduced.
These are some statistics for MineCube as of today:
- 431 users with at least 100% recovered
- 173 average workers per user
- Highest recovery rate: 128.4%
- $2.20 million worth of workers sold
And these are some statistics relevant to the mining of Bitcoin:
- Hashpower: 167.15m TH/s +4.39%
- Difficulty: 22.205t +2.52%
- Bitcoin Price: $57,823 -10.6%
- StakeCube Hashpower: 1,776.0 TH/s
Note: I decided to reflect weekly hashpower and difficulty increases in red, to better showcase these negatively affect mining returns. Concordantly, price reductions are also reflected in red.
Development and upgrades for SCPscan have continued this week, bringing a load of new features and polish that better showcase the incredible features of StakeCube Protocol. Here’s a list of the latest ones, just from this week:
- Re-design of SCP-4 ranking system: The ranking will now make sure that the best quality projects are given the spotlight, encouraging NFT designers to focus on quality rather than quantity.
- New SCP-4 “Notes” system: Collection attributes such as ranking and verification status are now displayed in small emoji-widgets, with additional info when hovered over with the mouse.
- New landscape/portrait mode to display NFTs: Some NFT designers make art that require a wider view and some a taller view. To accommodate both options we have added the ability to display NFTs in landscape, with a pair of toggle buttons to switch modes instantly.
- Other Minor Improvements: SCP-1/SCP-2 tokens will have a “New!” tag in the supply area, to help clarify that 0 supply tokens may still be waiting for the creator to issue the first mints. Mobile display has also improved for NFTs, and cross-browser improvements were added to help keep SCPscan statistics consistent across all platforms.
Check it out!
Wallet Maintenance News
We updated the following wallets:
Previous version: 18.104.22.168
New version: 22.214.171.124
Previous version: 1.1.4
New version: 1.1.5
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: