StakeCube in Numbers
Optimism seems to continue for the Crypto markets, with Bitcoin prices going up daily and finally reaching $45,000 today. This comes on the back of some positive news for the space. The law that the European Parliament was preparing to regulate Crypto has gone through without the provision to ban Proof of Work coins. Meanwhile there are rumors that it will be possible to pay for Russian oil deals with Bitcoin. On the other hand, India has just passed some pretty damaging tax regulation on Crypto that detracts value from every transaction. Seems like after quite a few months of very little activity, things could be heating up again. On StakeCube the listing of SAPP and Firo has contributed to increase our pool value even in the face of decreasing SCC prices. Meanwhile daily exchange volume continues to hold above $100,000. User growth was also strong with another 500 users joining this week.
- User Count: 138,614 +0.32%
- Pool Value: 570.91 BTC +0.59%
- Daily BTC Mined: 0.029 BTC +11.54%
- SCC Price: $0.46 -11.54%
- SCC Market Cap: $5,115,000 -6.98%
- Daily Exchange Volume $108,288 -2.71%
- Alexa Rank 16,144 -322
Again quite a few listed coins performing well, in particular Flits, with someone buying themselves a good number of masternodes through our exchange. Dash comes as second, which is surely good news for the many holders of masternode shares on StakeCube.
These were the top 5 gainers for this week:
Top 5 Gainers
- FLS +43.2%
- DASH +28.3%
- ONION +23.2%
- BCH +21.6%
- PIRATE +19.1%
Back in December we hosted through Discord an AMA with MeaTec for our community. We received the answers from the MeaTec team soon after, but asked them to provide further clarification on some of them. In the end we decided to publish the answers as they were provided. Here they are:
Sale of MineCube Workers Suspended
Over the last few months we have had many complaints about the state of MineCube due to the accumulation of “damaged” miners. The number of these has increased drastically causing mining rewards to sink to very low levels. We understand your frustration but unfortunately there isn’t much we can do on our side to address this problem. All we know is the information MeaTec gave us regarding the broken machines. Apparently the S17 models break extremely easily and those constitute the majority of the machines we bought. There are some reports that seem to confirm this information:
Given this situation and to avoid causing more frustration to our users, we have made the decision to suspend the sale of workers until the situation improves. Once StakeCube V3 is released, the availability of several mining farms will make it possible for us to sell workers again, as new farms will only have new machines. In the meantime we will try to secure additional mining providers to improve the reliability of the service. We will keep you informed as soon as there are new developments.
Of course the workers you bought will continue to produce rewards as usual, we are just going to stop selling them for some time.
In cooperation with CryptechCraft, this week we launched Cryptoconomy on their Minecraft server. Cryptoconomy is a plugin that allows for people to earn SCC and other cryptocurrencies while playing videogames. In this case, you will be able to earn Crypto by playing Minecraft on the CryptechCraft network!
We are working on a new updated wiki for the server, but you can already take a look:
Cryptoconomy currently supports deposits and withdrawals for MRX and SCC. In later stages we will add other cryptocurrencies such as Ethereum and Bitcoin.
You’ll find all necessary information to join the server on the StakeCube eSports or CryptechsCrafts Discord servers:
NodeCube Collateral After Destroying a Node
We have had some people asking why coins were not immediately credited to their accounts after destroying a NodeCube hot node. Please keep in mind that after destroying a hot node, coins can take 1 to 3 hours to return to your balance. You will see the same information on the hot node page:
Registering SCC Masternodes
Lately we have observed an increase in users registering their SCC masternodes. The most common errors that we have encountered are related to mistakes copying the signature. In particular, many people delete the “=” at the end of the signature, and this does not work. The signature must contain this symbol at the end.
You can use the following guide if you need help registering your masternode:
PRIV and 777 added to NodeCube
We have now added PRIV and 777 to NodeCube. Both Cold Nodes and Hot Nodes are available. These are some stats for these masternodes to help you decide if they are an interesting investment for you:
PRIV Masternode Stats:
- Collateral: 25,000
- Collateral Value: $66
- Yearly ROI: 36.93%
- Monthly reward value: $2.03
- Reward frequency: 6 hours
777 Masternode Stats:
- Collateral: 20,000
- Collateral Value: $959
- Yearly ROI: 164.65%
- Monthly reward value: $132
- Reward frequency: 3 days
Please keep in mind that these figures fluctuate with coin prices and with the number of masternodes currently maintaining the networks.
SAPP Shared Masternode Open
After listing SAPP last week, we have now activated shared masternodes for it. Since the masternode has a huge collateral, we decided to split masternodes in 5,000 shares of 40 SAPP each. This puts the share price at $26 which should be quite affordable. Remember that coins continue to stake even when in shares of a collecting shared masternode, so feel free to put your SAPP into masternode shares!
You will find shared masternodes here:
At the request of the DAPS team we have placed the DAPS wallet into maintenance. An update will follow once we get more information regarding this request.
This week mining returns have increased somewhat, thanks to the growing Crypto prices and probably because Bitcoin mining difficulty hasn’t adjusted yet. However, hashpower seems to be once again growing quite fast, which means difficulty will probably continue to go up.
These are some statistics for MineCube as of today:
- 587 users with at least 100% recovered
- 169 average workers per user
- Highest recovery rate: 138.84%
- $2.30 million worth of workers sold
These are some statistics relevant to the mining of Bitcoin:
- Hashpower: 206.34m TH/s +7.99%
- Difficulty: 27.46t -0.47%
- Bitcoin Price: $44,386 +5.64%
And these are the current number of miners for each coin (including damaged):
- BTC: 356
- Dash: 110
- ETH: 19
- LTC: 11
SCC Core v3.2.0 Update
SCC Core v3.2.0 is a major upgrade to the codebase of SCC. It implements an entire GUI refresh, with better stability and customization, as well as massively improved resource usage (no more RAM hogging!), better caching policies, better fork and contention handling, and improved CoinJoin privacy.
SCC Core v3.2.0 is a highly recommended upgrade for users / exchanges / MN hosting services.
- A total refresh and rebrand of the GUI, with new useful features, and an SC ecosystem links tab.
- A massive improvement lessening resource usage, most notably RAM.
- Syncing Speed improvements via faster deserialisation.
- Connectivity and Peer discovery Improvements. (No more addnodes!).
- Experimental TOR v3 format support.
Please note that while this release does its best to be backwards-compatible, allowing for a smooth upgrade process; we do not recommend downgrading SCC Core and we do not provide support for such cases.
Links & Guides:
- How to update: https://stakecube.info/stakecubecoin-how-to-update-wallet-and-masternodes/
- GitHub Release: https://github.com/stakecube/StakeCubeCoin/releases/tag/v3.2.0
This week we selected the following 3 requested features from the #feature-request channel.
- Implementing DPOS (Delegated Proof of Stake) and listing top DPOS assets
- Ability to select several open orders and cancel them all at once. / Cancel in batches function
- Email notification after execution of an order / can be disabled from user settings
As we said last week, we will update you soon regarding the development of these features and others that we have been selecting over the past few weeks.
Wallet Maintenance News
We updated the following wallets:
Previous version: 0.21.1.8
New version: 0.21.1.9
Previous version: 3.1.0
New version: 3.2.0
Previous version: 184.108.40.206
New version: 220.127.116.11
No interruption to “Smart Rewards”.
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: