Wednesday, February 28th 2018
"Where Are My Graphics Cards?" - 3 Million Sold to Cryptocurrency Miners in 2017
The title of this piece is both question and answer, though users that keep up with PC-related news knew the answer already. Jon Peddie Research, in a new report, pegs the number of total graphics cards sold to miners at a pretty respectable 3 million units (worth some $776 million). That's some 3 million gamers that could be enjoying video games on their PCs right now, or which would be able to enjoy them at a much lower price that they had to recently pay to have the privilege.
AMD has been the primary benefactor here - its GPU market share went up by 8.1%, while NVIDIA's dropped by 6% and Intel's by 1.9% (the fact that Intel's graphics processing units come embedded in the company's processors helps keep that number stable). As it is, attachment rates of GPUs to systems was over 100% at 136%, the result of miners buying more cards per system in an effort to maximize profits. Jon Peddie thinks that gaming will still be the key player to drive GPU sales, though "augmented by the demand from cryptocurrency miners." The firm also expects demand for GPUs to slacken, coeteris paribus, due to "increasing utilities costs and supply and demand forces that drive up AIB prices." However, for those looking for prices to drop before upgrading their system, the news aren't rosy: the article states that pricing will not drop in the foreseeable future, so owners of GPUs that can actually mine already are being encouraged to mine while not gaming, so as to try and offset the markups in the current GPU offerings.Overall GPU shipments in the fourth quarter of 2017 actually decreased 1.5% from the previous quarter, though JPR said that was due to normal seasonal activity. But even with miners' help to drive sales, overall GPU market shipments declined 4.8 percent - the only actual positive trend in that market were the actual discrete desktop GPUs.Some key highlights JPR calls attention to are as follows:
Sources:
JPR, via PC Gamer
AMD has been the primary benefactor here - its GPU market share went up by 8.1%, while NVIDIA's dropped by 6% and Intel's by 1.9% (the fact that Intel's graphics processing units come embedded in the company's processors helps keep that number stable). As it is, attachment rates of GPUs to systems was over 100% at 136%, the result of miners buying more cards per system in an effort to maximize profits. Jon Peddie thinks that gaming will still be the key player to drive GPU sales, though "augmented by the demand from cryptocurrency miners." The firm also expects demand for GPUs to slacken, coeteris paribus, due to "increasing utilities costs and supply and demand forces that drive up AIB prices." However, for those looking for prices to drop before upgrading their system, the news aren't rosy: the article states that pricing will not drop in the foreseeable future, so owners of GPUs that can actually mine already are being encouraged to mine while not gaming, so as to try and offset the markups in the current GPU offerings.Overall GPU shipments in the fourth quarter of 2017 actually decreased 1.5% from the previous quarter, though JPR said that was due to normal seasonal activity. But even with miners' help to drive sales, overall GPU market shipments declined 4.8 percent - the only actual positive trend in that market were the actual discrete desktop GPUs.Some key highlights JPR calls attention to are as follows:
- AMD's overall unit shipments increased 8.08% quarter-to-quarter, Intel's total shipments decreased -1.98% from last quarter, and Nvidia's decreased -6.00%.
- The attach rate of GPUs (includes integrated and discrete GPUs) to PCs for the quarter was 134% which was down -10.06% from last quarter.
- Discrete GPUs were in 36.88% of PCs, which is down -2.67%.
- The overall PC market increased 5.93% quarter-to-quarter, and decreased -0.15% year-to-year.
- Desktop graphics add-in boards (AIBs) that use discrete GPUs decreased -4.62% from last quarter.
- Q4'17 saw no change in tablet shipments from last quarter.
117 Comments on "Where Are My Graphics Cards?" - 3 Million Sold to Cryptocurrency Miners in 2017
Till then they'll keep supplying what they can. Probably helps AMD more than Nvidia, in that AMD can spend engineering time to shore up new designs in performance, perf/watt and drivers, all while clawing-out some market share.
Not to say Nvidia will be more than ready and waiting for when cryptocurrency mining has a "hick-up", and will intend to hit hard in courting the gaming market. They know (well both) there will be a avalanche of cheap/used equipment, and the newest generation stuff has to be really tempting to keep gamers from just grabbing a RX580 8Gb for $75 or GTX1070's for $125 even if they are well used.
i already have the hardware so it keep mining with it and know exactly what it makes.. but no way on this planet would i buy into mining as things are today..
the current price of graphics cards for sure are not down to small miners buying them up.. they cant afford the current prices just like gamers cant...
trog
What happened to technology getting cheaper over time? Is this due to the Reserve Banks around the world printing infinite amounts of fiat currency? We'll find out soon enough.
Best to pay up now and get a good card, because inflation isn't going away. Your precious dollars' purchasing power is getting weaker, while crypto currencies are getting stronger. Using those graphics cards to mine crypto is your best bet to beat inflation.
Damn mining craze...
Also, 3 million GPUs sold to miners, but how many were made in 2017? 3 million graphics cards sold sounds like a big number, but I don't have anything to compare it to...
Still waiting on that production increase, that the mining defenders said was coming...
Sony is smart and announced Bloodborne and ratchet on ps plus for free. And also announced that from next month all the free games will be ps4 ones and no more ps3/vita.
This is something we can start noticing on steam triple a multiplatform games. Had to wait 12mim to get matched on tekken 7. PES didnt even find a player. F1 doesnt even have european servers with people to play without assists.
Gg miners. You did what no console ever could do. Congrats on killing pc gaming soon.
if paying an extra couple of hundred dollars more for one this year as opposed to last year kills off PC gaming it was about ready to die anyway..
be real people please.. graphics cards are still available ether pay a relatively small amount extra or turn your bloody game settings down..
trog
Based on that alone, I think crypto should be banned.