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Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

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Skilling Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license No. 357/18

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Skilling (Seychelles) Ltd, is authorized and regulated by the Financial Services Authority (FSA) under license No. SD042

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Market Insights

Betting on the next King of 'money'

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Will the prospect of reduced energy to mine ETH be enough to topple Bitcoin?

Energy use is a big issue when it comes to Crypto mining, so will Ethereum’s merger event be the catalyst for sweeping changes across the Crypto mining world?

The ETH Merge and what’s known so far about energy consumption:

  • Ethereum's energy consumption will be reduced by -99.95% following the merger from proof-of-work (PoW) to proof-of-stake (PoS)
  • After the Merge, Ethereum will use dramatically less carbon

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Bitcoin mining has a large carbon footprint

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Side by side price comparison

Ethereum Bitcoin
Last 1,592.50 20,245
3-Month %Change 31.34% -8.97%
5-Day %Change 2.51% 7.27%
1-Month %Change -16.56% -16.39%
6-Month %Change -50.44% -55.44%

It’s clear that ETH has outperformed Bitcoin during the previous 3 months

Digital Currency Ethereum (Daily chart over 3 ½ month period)

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Bitcoin / U.S. Dollar (Daily chart over 3 ½ month period)

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Not investment advice. Past performance is not indicative of future results. Trading cryptocurrency may not be available depending on your country of residence.

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