As covered by CCN, last year’s cryptocurrency mining ‘boom’ has led to a in the GPU market. So much so that reports suggest using GPUs to mine cryptocurrencies is , as these are also used in observatories. New data shows crypto miners actually bought 3 million GPUs last year, worth roughly $776 million.
This, according to a new published by Jon Peddie Research (JPR) that found AMD is emerging as the primary cryptocurrency ‘mining rush’ benefactor over Nvidia. The numbers have a major impact on the market as a whole and have even, while chip manufacturers have seen the value of their shares soar
Dr. Jon Peddie, president of Jon Peddie Research, stated:
“Gaming has been and will continue to be the primary driver for GPU sales, augmented by the demand from cryptocurrency miners. We expect demand to slacken from the miners as margins drop in response increasingly utilities costs and supply and demand forces that drive up AIB prices.”
AMD’s market share reportedly increased by around 8.1 percent, while Nvidia’s share went down by 6 percent. Last year, notably, the GPU market as a whole dipped 4.8 percent. The preference for AMD over Nvidia could be justified by the lower price tag in its GPUs. Nvidia’s CEO has recently, and the company has over cryptocurrency miners amid the graphics card shortage.
Nvidia’s move, however, isn’t believed to have been what drove AMD’s sales up, but rather the potential ROI (return on investment) cryptocurrency miners could obtain by buying cheaper graphics cards from AMD.
Last year, both companies entertained the idea of , although the gaming market is still their primary concern. JTR’s analysis notes that cryptocurrency miners can be, for now, an attractive audience for chip manufacturers, which means prices aren’t likely going down anytime soon.
As a solution, Dr. Peddie suggests gamers use their GPUs to mine cryptocurrencies when they aren’t using them for gaming. This, he suggests, will help them pay premiums and help them avoid getting priced out of the GPU market.
Featured image from Shutterstock.
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Published at Wed, 28 Feb 2018 17:32:41 +0000
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