Miners Spent $776 Million on GPUs in 2017

March 2, 2018

According to CCN, the cryptocurrency craze of 2017 provoked a shortage of graphics processing units (GPUs). It is reported that cryptocurrency miners have bought a total of 3 million GPUs, spending around $776 million on their purchases. 

This report was published by Jon Peddie Research on February 26. Researchers found that AMD has become the main provider of graphic cards for miners, outperforming its main competitor Nvidia. The market share of AMD grew by about 8.1 percent, while Nvidia's decreased by 6 percent. The GPU market as a whole fell by 4.8 percent in 2017.

The report states:

"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."

Researchers believe that the leadership of AMD is caused by cheapest prices. Also CEO of Nvidia Jensen Huang recently said that the company prioritizes computer gamers over miner in case of the shortage of GPUs.


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