StakeCube in Numbers
For the first time since 2015 Bitcoin has completed 9 consecutive days of growth. Perhaps as a consequence, many other cryptocurrencies also had strong performances this week. SCC managed to gain a substantial amount of value, even in the face of a few people cashing out. These price increases have greatly improved mining returns, with additional contribution from the latest difficulty reductions across most mining coins. On the news front, many discussions have started this week in the United States regarding regulation of the cryptocurrency sector. Over the coming months we will see what effect this has, as it depends on what kind of decisions regulators reach.
- User Count: 106,024 +0.50%
- Pool Value: 578.38.8 BTC -1.94%
- Daily BTC Mined: 0.159 BTC +6.00%
- SCC Price: $0.86 +13.16%
- SCC Market Cap: $7,930,000 +13.92%
- Alexa Rank 20,001 -1673
We have decided to include in this section the top price gainers of the week among the coins listed on StakeCube. To keep it fair and avoid manipulation, only coins with a reasonable trading volume will be considered. These are this week’s top gainers:
- MMO +90.43%
- COLX +64.44%
- FLS +41.61%
- RDD +39.10%
- LUX +25.84%
StakeCube Protocol Litepaper
We have completed work on an initial version of a litepaper for StakeCube Protocol. The document should help introduce SCP to potential integrators, providing a high-level explanation of what it is and what it can be used for. It also pinpoints what the strongest points for SCP are. You can take a look at it here:
This week we had some users send coins directly to a masternode address, instead of following the intended procedure. Although our team was able to recover the coins and no funds were lost, we felt it necessary to remind our users how it should work. To participate in a shared masternode, first go to the following page:
Then you must click on the coin you want to reserve masternode shares from. Once this coin is displayed, click on the green + button at the top and select the number of shares.
Also keep in mind that the shared masternode system will be phased out at some point in the future, and replaced by the earn system. The earn system will combine a Proof of Stake pool with shared masternodes, and pay rewards daily proportionally to the user’s balance. This will eliminate the need to reserve slots, making it possible to earn daily rewards directly after depositing to StakeCube.
Earlier this week we were forced to set BSC and all BEP-20 tokens into maintenance. Following the latest update, the Binance team increased the gas limit again without prior notice. As a consequence, our node started to fall behind the chaintip, causing sync issues. We are currently in the process of upgrading the environment for the hosted full node but this is a time-consuming process. We expect the wallet to be back online at some point next week. Follow these links for more information on the update and the issues it caused:
Because of the unexpected maintenance we have noticed an increase in the number of tickets, particularly related to BSC-USDT deposits. Unfortunately there is not much we can do until we manage to address the synchronization issues caused by the update.
New MineCube Strategy
Together with our mining partner Meatec, we are discussing a new strategy to place orders with them. This could help our planning, making worker availability more reliable. Last week we saw a significant increase in demand for workers, and we need to stand ready to provide them and avoid waiting times.
We have increased our efforts to integrate with tax calculation platforms, to provide additional options for our users. At the moment we have open conversations with Cryptotrader.tax, Zenledger, Cointracking.info and Koinly.
For the moment we haven’t contacted Blockpit, but we are adapting the format of our CSV files to facilitate this integration. First step of the integration is always making the files compatible, moving to an API integration later on.
Another integration we’re pursuing is with 3commas. We are at the moment waiting for a reply from their Business Development Manager. Also, as we mentioned a few weeks ago, we opened a request to add StakeCube to CCXT. If you are a developer and you want to help out with this, feel free to open a support ticket on Discord and ask to talk to CryptoKritter.
If you know of any other service we could integrate with, feel free to give them our API documentation:
Or contact us and let us know what the usual process is for us to be able to handle it.
13th Dash Masternode
Our 13th shared Dash masternode is now installed on the VPS side and waiting for all shares to be reserved. We expect that to happen soon, as it is close to 60% full at the moment.
StakeCube Protocol Wallet News
We have scheduled the first SCP hard-fork upgrade. This update will remove limitations, lower barriers and increase the blockchain’s scalability in a sustainable way. The hard-fork will consist of two upgrades merged into one:
- SCP-2 Staking Improvement: Removes the minimum staking limit from SCP-2 staking. This will allow everyone to stake on equal terms on the network, regardless of their balance size.
- Indexing Upgrade: This is a blockchain-specific upgrade, which will allow SCP to utilize and execute contracts using a compressed identifier. It will reduce the data load of contract executions by roughly 25%, which will also reduce fees and increase network throughput by that same amount.
SCP Tokens in v1.1.5 now support InstantSend. Instantsend renders all token actions instantaneous. Sending, receiving and staking no longer require confirmations to be displayed in your wallet. Moreover, on-chain feedback is fully pre-computed, greatly improving the UX.
Transactions powered by InstantSend will be marked with a lightning symbol:
SCP Wallet v1.1.5 is fully on-track for release, and a complete schedule will be announced shortly.
Wallet Maintenance News
We updated the following wallets:
Previous version: 22.214.171.124
New version: 126.96.36.199
Previous version: 1.1.0-beta
New version: 1.1.0
Previous version: 1.1.0
New version: 1.1.1-beta
Previous version: 188.8.131.52
New version: 184.108.40.206
This was a mandatory update. Masternode collateral changed and this forces to restart all masternodes.
Previous version: 220.127.116.11
New version: 18.104.22.168
This was a mandatory update.
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: