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.
- 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
trog
When does cryptocurrency mining help anyone other than "self-aggrandizing greed" people are willing to spout beliefs to assuage what they're doing to exonerate their "greed is good" existence. As any hedge fund that bought a company with the full understanding to raid the pensions, close the plant, and sell any remaining assets.
Saying it "can be" might be your "reality", but for most they'll find their own subterfuge in absolving themselves from perturbation.
trog
EDIT: On a better note, they are in remission now for those who wonder or care.
Ethereum Is Already Using a Small Country’s Worth of Electricity
The entire network could be using slightly more than the country of Cyprus.Well you could waste a weeks of house hold energy paying it with a cryptocurrency or use your visa.
Greed is something that we as humans will need to learn how to leave behind if we are ever going to be able to evolve our societies and make our world a better place not just for the privileged few but for all of us. Eventually greed is going to destroy all of us.
I just believe if you are buying equipment (normally on credit) and paying electrical costs, you might be further ahead to using that money toward your bills. Not some arrangement where it could all go "bust" tomorrow, and your on the hook in dumping all that equipment (perhaps still not paid for) for pennies on the dollars.