StakeCube in Numbers
After a few weeks of strong growth, seems like the correction is finally here for the Crypto markets. Bitcoin price came down again to $43,000 and has been moving in a narrow range around that level since yesterday. For the moment there is no indication of a trend reversal, and no particularly troubling news came out this week. In fact there were some positive news, with the announcement that Tesla partnered up with Blockstream and Square to mine Bitcoin in Texas using solar power. Things are also looking positive for Ethereum, with excitement about the upcoming transition to Proof of Stake growing everyday. StakeCube came back really strong after last week’s downtime. It seems that all the community members that visited our social media channels to stay updated have brought a lot of optimism with them. Even average daily exchange volume managed to stay above $100,000 despite missing 3 full days of trading.
- User Count: 139,256 +0.46%
- Pool Value: 571.54 BTC +0.11%
- Daily BTC Mined: 0.027 BTC -10.00%
- SCC Price: $0.43 +34.37%
- SCC Market Cap: $4,533,000 +35.64%
- Daily Exchange Volume $106,817 -31.68%
- Alexa Rank 18,171 -1,237
Among the listed coins, right at the top was TUP, a coin that brought us a lot of activity last summer. Could it be making a comeback? We’ll see, first they’ll have to fix the masternode issue so that we can take the wallet out of maintenance. SCC reached a solid second place, thanks to the big dip it experienced last week when Southx was the only exchange to trade it. Most other coins ended the week in the red, with only a few exceptions.
These were the top 5 gainers for this week:
Top 5 Gainers
- TUP +38.6%
- SCC +34.4%
- PAC +7.8%
- DOGE +2.8%
- BLOCK +2.8%
Summary of the Unscheduled Maintenance from 31.03 – 04.04
Late Thursday afternoon we noticed, and some users reported, that the site was reacting very slowly or not at all. After considering several options, we decided that the safest course of action was to disconnect the databases from the frontend in order to identify the error without putting vital data at risk. Once we did this, we were able to narrow it down relatively quickly. As it turns out, it was caused by defective hardware on our main server cluster at our datacenter. In order to solve this problem, that same evening we contacted the technical support of our datacenter so that they would deploy a solution as soon as possible.
Late Friday morning, we obtained a reply from the datacenter and repairs could finally begin. Meanwhile, we started to spin up a new server environment to make sure that we would have an alternative option, in the event that the datacenter failed to implement a solution. Both the repair of the current hardware as well as setting up the new server environment were done by Saturday.
After the implementation of the solution at the datacenter, our regular system was running once again and we proceeded to synchronize the new data generated during the downtime (deposits, stakes, etc.). We also needed to review that everything had worked as intended. At this point we made the decision to extend the downtime for an additional 48 hours in order to make a copy of our site on the alternative system we created. This way, we will have a faster solution in the future in the unlikely event that this problem reoccurs. We already have backups of the database available, but this is a more reliable option.
The 48h period turned out to be a good estimation, as we were able to re-enable all services as described in our update on Discord:
As the wallets kept running in their independent servers, they were not in any way affected by this downtime. They continued to generate staking and masternode rewards as usual, and these have now been credited to all corresponding users.
Additionally, during the downtime we used the opportunity to run a background job to check the data integrity of every account on StakeCube. This process recalculated all data based on the activity made on the platform since registration. The system detected a few balance errors on some accounts, caused by rounding errors that took place on previous versions of StakeCube. These balance discrepancies were in all cases very small (a few Satoshi) and have all been corrected now.
If your account needed this correction, you will notice it reflected in the activity as a deposit:
Checking data integrity, correcting possible errors and creating a backup environment were steps that we needed to take in preparation for StakeCube Version 3. This technical issue, while unfortunate, has allowed us to perform these tasks, and now we are confident that the databases are ready for the migration to StakeCube Version 3.
We want to thank our community for the exemplary behavior they showed during this unscheduled downtime. Many of you helped keep the situation under control by restoring the confidence in our team and maintaining a positive attitude. Some newcomers might feel uneasy in a situation like this, as they don’t know what to expect from us. For them it is important to have experienced community members reassure them that they are in good hands.
Yesterday we held our first tournament on CommunityGaming.io and it was an incredibly smooth experience. We are definitely going to host more events with them, and will also start organizing weekly tournaments. Our aim is to step up and increase the number of events we hold, with a greater variety of games as well.
Congratulations to the winners of our first tournament on the Community Gaming! Also a big thanks to everyone that participated and helped us get to know the platform better.
Here is the top 3:
Graphene Airdrop Update
The Graphene team has published an article regarding the problems some people experienced claiming the airdrop. To solve the issues, they seem to be planning to compensate the wrong airdrop amounts redeemed until now by modifying the amounts that will be redeemed in future airdrops. This way, if someone received less Graphene than they were entitled to, future airdrops will airdrop them more. Read all about it in their official article:
On StakeCube, users are credited these airdrops automatically. If you held Phore at any of the snapshot dates, we will credit you with the corresponding Graphene that we receive. Please take into account that we distribute all coins we receive as airdrop, and cannot be held responsible if they do not correspond to what was promised by a third party. Concordantly, if you notice that the airdropped amounts are incorrect, please consult this discrepancy with the Phore and Graphene teams.
SCC Stats and News
As a major update for SCC approaches, we thought it’s a good time to see how the SCC burn is progressing. Particularly since it will be great to have a basis for comparison once we release the SCP DEX and people start creating thousands of tokens just to play around.
- SCP Tokens: 29
- NFT Collections: 252
- Total SCC burned through SCP: 2,810
We also received report that our user “BumPimp” will get the first ever StakeCube tattoo in history. We look forward to seeing some pictures of it and will definitely update you once we see them.
Once again MeaTec had a planned maintenance that required stopping the miners. This is the reason why there were no rewards on the 7th and 8th of April. This was their official communication:
With Bitcoin and the general Crypto market going down again, and with mining difficulty still growing, mining rewards have suffered this week. Mining difficulty increases are always lagged with respect to price increases due to the adjustment period of approximately 2 weeks and because the process of installing more hashpower takes some time. This is why we see hashpower and difficulty increases even while prices are crashing. Miners made the decision to expand their operation (or start a new one) while Crypto prices were going up, but those decisions sometimes take months to materialize.
These are some statistics for MineCube as of today:
- 599 users with at least 100% recovered
- 169 average workers per user
- Highest recovery rate: 139.5%
- $2.30 million worth of workers sold
These are some statistics relevant to the mining of Bitcoin:
- Hashpower: 203.96m TH/s +0.99%
- Difficulty: 28.55t +4.01%
- Bitcoin Price: $43,675 -5.30%
And these are the current number of miners for each coin (including damaged):
- BTC: 355
- Dash: 110
- ETH: 18
- LTC: 11
This week brings a gigantic amount of improvements to SCP Wallet, kickstarting the horizon of the upcoming upgrade. Here’s a list of the latest changes:
- Sign / Verify Feature: You can now easily create, sign and verify messages within SCP Wallet. This opens the floodgates for DApp integrations externally: like ‘Login with SCP’, or cryptographic NFT ownership proofs, DAOs, and more!
- Native GNOME / Windows / MacOS Desktop integration: SCP Wallet is now largely integrated within the native desktop environment;
- The new Tray system allows for compact usage of SCP without cluttering your desktop.
- Right-click now reveals an OS context menu.
- Both of these have allowed for the removal of the in-app menu, to de-clutter SCP Wallet and free up screen space.
- URI Integration: External apps such as Browsers and their websites can now directly interact with SCP Wallet. This allows DApp or website developers to cleanly integrate with SCP Wallet. For example, a website could have a ‘Login with SCP’ button. When clicked, the button prompts the user’s SCP Wallet for authentication to proceed with the login signature.
- Native Debian Compiles: SCP Wallet has had a revamp in its build system, allowing for extremely easy compilation on Debian based GNU/Linux systems!
Alongside easier compiling, we will now be distributing prebuilt Debian installers (.deb) as part of our official release schedule, as well as testing rounds. We welcome the Linux community to SCP!
Are you a Linux / Debian / Ubuntu / Pop!_OS user? Join our SCP Discord and you’ll get access to the very latest test releases: https://discord.gg/XR8krnT2Pz
- Bug fixes en-masse: SCP Wallet has had a huge round of bug cleaning. There’s a few too many to list, but here’s a brief few that the community may enjoy the most:
- Fixed larger transactions / high UTXO counts crashing upon broadcasting.
- Fixed the ‘Send All Available’ button for SCC, it’ll now intelligently calculate fees to accompany sending a full balance.
- Fixed an initialisation loop which spammed hundreds of logs into the debug console and used excessive background resources.
- Fixed display crash issue upon switching between Maturing SCP-2 tokens.
These are the three requested features selected this week from the #feature-request channel:
- Market depth display (demand/supply) in each pair on the exchange
- More games (slots, dice)
- Tokenized Minecube workers
Failing to realize the lack of liquidity of a trading pair is one of the most common mistakes our users make. Although it is the user’s responsibility to input the values correctly before making a trade, we will study ways to make it easier for a user to notice possible mistakes.
Wallet Maintenance News
We updated the following wallets:
Previous version: 0.21.1.9
New version: 0.21.1.10
Previous version: 18.104.22.168
New version: 22.214.171.124
Previous version: 126.96.36.199RC2
New version: 188.8.131.52RC
Previous version: 184.108.40.206
New version: 220.127.116.11
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: