StakeCube in Numbers
This week has brought a much needed recovery for the Crypto markets, although perhaps not as big as we had hoped. At least Bitcoin managed to get back above the $20,000 level and seems to be doing well for now, which is particularly good for a Friday. Other Cryptos did grow quite a bit, especially several DeFi tokens such as SNX, MKR and UNI had a great week. Nevertheless the general market sentiment continues to be bearish at the moment, with the Crypto Fear & Greed indicator still reflecting this.
Perhaps the current pessimism has something to do with the dilemma most central banks are facing these days. As inflation continues to rise worldwide, central banks must choose whether to fight it by removing liquidity from the markets, or continue stimulating the economy with accelerated asset buying programs and currency devaluation. Removing liquidity will very likely cause a deep recession, but the alternative is letting inflation run out of control. The Federal reserve seems to have chosen recession, whereas the ECB’s actions against inflation seem a lot more timid. Either way, this is very bad news for the economy, and all markets seem to be reacting to it lately.
On StakeCube we definitely felt the Crypto recovery, with an unusually high number of new registrations this week. SCC price also rose a bit against the dollar, trading now slightly under 20 cents. But most importantly, our Pool Value in BTC experimented a great increase with almost 20 BTC worth of different coins added to our holdings.
- User Count: 144,252 +0.30%
- Pool Value: 561.21 BTC +3.70%
- Daily BTC Mined: 0 BTC –
- SCC Price: $0.198 +10.00%
- SCC Market Cap: $2,143,000 +7.74%
- Daily Exchange Volume $25,678 -23.22%
- Daily SCP Transactions: 16 -44.83%
Top 5 Gainers
- NAV +70.1%
- SYS +21.9%
- SHARD +20.8%
- PIVX +20.0%
MeaTec Miners Poll
Two weeks have passed since we started the poll to consult our community regarding the possible plans for the miners we currently have at MeaTec. We have now received more than 400 votes, most of which also included interesting comments and suggestions. Over the next week we plan to analyze and discuss all of this information internally, with the aim to give you the poll results and our next steps by next Friday.
Crypto-Mining Industry Situation, MeaTec and MineCube
As you probably noticed, this week once again there was no MineCube payment. However in this case it was not due to a delay or a maintenance period but simply because no rewards were generated. The reason for this is that many of the machines seem to have been taken offline or have a “damaged” status. Unfortunately the few that are still running do not cover the combined maintenance costs and this has resulted in a net zero mining revenue this week.
As mining difficulty has increased very significantly over the last year, and Bitcoin prices remain low, it is uncertain how long this situation will continue. If you hold MineCube workers, we encourage you to vote on the poll we sent you by e-mail, to decide what our next steps should be.
You can also read more regarding the general Bitcoin mining situation on this Cointelegraph article:
And it is always good to keep an eye on the mining difficulty stats:
Dash Shared Masternodes
Our DASH holdings keep growing very rapidly, allowing us to start our 21st DASH masternode this week. The 22nd masternode is now collecting. If you have some DASH and want to reserve some slots, you can find it here:
DASHD Masternode Collateral Change
Monday the 27th, DASHD will once again change the collateral of their masternodes, increasing it from 10,000 to 15,000. Once the change is effective, masternode owners will need to destroy their NodeCube Hot Nodes and redeploy them with the increased collateral in order to continue receiving rewards. NodeCube Cold Nodes will need to have the collateral updated on the wallet side.
Once again we want to remind you to write in full detail the issue you’re encountering before submitting a support ticket. Also please include other data such as your username, email, your i.p. address and screenshots of the error encountered. We keep receiving tickets with no information in them at all, or even completely blank.
Moreover, we have observed a very significant increase in tickets that are disrespectful towards our staff. We want to point out that this kind of ticket will no longer receive an answer. While we understand that the current market situation can be frustrating for some users, we bear no responsibility over it and cannot tolerate such behaviors. We are happy to offer you support with any issue you are encountering, sometimes even answering general questions not directly related to StakeCube. All we ask in return is that you are polite in your interactions with our agents.
London Whale Event
As we announced a few weeks ago, StakeCube will be participating in a Crypto event called London Whale. The event will take place in London on the 4th and 5th of July and will gather several Crypto projects. Some of them will probably be familiar to you, such as DogeCash, one of our most popular listed coins! So if you’re going to be in the UK on those dates, feel free to come say hello! At London Whale you’ll have the chance to chat with our CEO and meet several members of the StakeCube development team.
This is a map of the venue showing the location of our stand:
Find all information regarding the event through these links:
Vsync Swap to SCP
Vsync has made the decision to swap their coin to an SCP token. This swap also comes with a full re-brand. The new token will be called Stellix, and this will be the logo:
If you hold Vsync and want to participate in the swap, simply deposit your coins to StakeCube before the deadline and we will swap them for you automatically. The swap ratio will be 5:1
You can read the official communication here:
As one of our oldest listings, we are happy to welcome Stellix to the SCP family!
Always wanted a StakeCube Mug or a T-shirt? Now is your chance!
In anticipation of the upcoming release of StakeCube Version 3, along with our recently refreshed brand, we’ve now opened the StakeCube Merch Store!
The store includes a long list of StakeCube apparel with all branches of the ecosystem represented, including StakeCube, SCC, StakeCube Protocol and StakeCube eSports.
These are some examples of the available stock:
- Long/Short sleeve Shirts, tank tops, hoodies, sweatshirts and jumpers.
- Backpacks, posters and wall art.
- Mugs and bottles.
- Phone cases and accessories.
But there is potential for many more to come in the future!
Our production has been kept economical and environmentally friendly. Products are made on-demand as local to the customer as possible in order to prevent unnecessary travel and overproduction.
The shop currently accepts Bitcoin and ships to the majority of countries, with either Eco or Express delivery options.
StakeCube Version 3
Progress is currently being made in the backend by means of porting a large amount of client<–>server data to websockets!
These will help make the SC interface feel smooth by giving lightning-fast updates to the user in real-time, such as constant market data updates, orderbook updates, live deposit/withdrawal statuses and balance changes. No more refresh-spam!
Wallet Maintenance News
We updated the following wallets:
Previous version: 1.1.10
New version: 1.1.11
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:
Social Media and Other Important Links:
- Discord: https://discord.gg/RTJKjdwEsY
- Telegram: https://t.me/Stakecube
- Facebook Group: https://www.facebook.com/groups/964396784312480
- Facebook Fan Page: https://www.facebook.com/StakeCubeEcosystem
- Twitter: https://mobile.twitter.com/stakecube
- Instagram: https://www.instagram.com/stakecube/
- SCPScan: https://scpscan.net/
- SCC Explorer: http://220.127.116.11/