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:
  • 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.
Sources: JPR, via PC Gamer
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117 Comments on "Where Are My Graphics Cards?" - 3 Million Sold to Cryptocurrency Miners in 2017

#1
GorbazTheDragon
EVs are just displacing existing energy use through fossil fuels. The investment that goes into the petroleum industry today will over time be shifted to other energy sources.
Posted on Reply
#2
techy1
GorbazTheDragon said:
So, assuming the average crypto card is run at around 100w power, there are of the order of 300 gigawatts of power that are being wasted mining...

Based on that alone, I think crypto should be banned.
I was about to type something similar - one can only guess how much form existing GPU's run 24/7 for greedy individuals (these 3 million are only from 2017. Q4 or the whole year?)
Posted on Reply
#3
_JP_
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.
Yeah, no. Hash rate isn't high enough and I'd wear down the hardware forcing me to buy new...for a ridiculous price in order to have a worthwhile jump in performance.
Posted on Reply
#4
trog100
GorbazTheDragon said:
So, assuming the average crypto card is run at around 100w power, there are of the order of 300 gigawatts of power that are being wasted mining...

Based on that alone, I think crypto should be banned.
not that long back my pair of gaming 980 TI cards used maybe 400 watts while gaming.. high end AMD cards used even more.. you could use the same argument to ban gaming..

large scale mining farms are set up in places like iceland because of the cold climate and very cheap electricity.. its needs special circumstance like this to make large scale mining profitable..

icelands answer seems an easy one.. build more power generating plants and welcome the miners or jack up the price of electricity and drive them away..

trog
Posted on Reply
#5
killferd
The future looks bleak.
Nvidia : with no real competition, and the miners finally gobbling them GTX also, the price is only seeing the up trend for considerable amount of time.
and that slight fall in supply though deemed "seasonal" makes me feel little worried too as with shadow play their next big game is subscription service model, as adding new customers each quarter is impossible after some limit, so they in reality have another incentive to constrain hardware supply.
AMD : they are laughing all the way to bank even with no competition at top end of spectrum. they can continue the same way and still demand a premium cause of mining. granted they are heavily focused on CPU side for now, and that gives me another reason to believe that they will continue the same way. to top it they are promoting CPU mining now too soo they also want to price their CPU's the way GPU's are right now.
#tinfoilhat #torches$pitchfork #deadenthusiast #prebuildonlyoption
Posted on Reply
#6
Chaitanya
trog100 said:
not that long back my pair of gaming 980 TI cards used maybe 400 watts while gaming.. high end AMD cards used even more.. you could use the same argument to ban gaming..

large scale mining farms are set up in places like iceland because of the cold climate and very cheap electricity.. its needs special circumstance like this to make large scale mining profitable..

icelands answer seems an easy one.. build more power generating plants and welcome the miners or jack up the price of electricity and drive them away..

trog
Unlike miner ****, gamers dont play games 24/7 for months on end. On average gamers spent only 5-7 hrs a week gaming so power consumption is just small fraction of what these mining rigs leech from grid.

http://www.nielsen.com/us/en/insights/news/2014/multi-platform-gaming-for-the-win.html
Posted on Reply
#7
trog100
i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog
Posted on Reply
#8
iO
I just hope Nvidia severely cripples the compute capabilities of the upcoming Geforce line and introduces cheaper Tesla models for mining only.
Posted on Reply
#9
LemmingOverlord
trog100 said:
i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog
Yeah. Aren't you responsible for the increase in carbon footprint and global warming?!

<raises fist in air>

Damn you, miners!
Posted on Reply
#10
Chaitanya
trog100 said:
i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog
I am refering to class who buys gpus in bulk and have datacentre-esq setups. Those are the ones burning a lot of electricity. Casual gamers who mine on side they are a little difficult to clasiffy though they are also adding strain on grid with their Pc and cooling setups. They are going to suffer adverse consequences of mining with reduced life of their hardware and having to spend on new hardware in case of a failure.

iO said:
I just hope Nvidia severely cripples the compute capabilities of the upcoming Geforce line and introduces cheaper Tesla models for mining only.
How is anyone going to cripple compute capabilities without severly affecting gaming performance? It cannot be done in firmware as most miners run custom bios and it cannot be done in drivers as most miners will be on Linux or if on windows drivers are easy(relatively) to bypass.
Posted on Reply
#11
R-T-B
sweet said:
@R-T-B may know some answers ;)
I only took 2, so don't look at me. I officially bought more for gaming than mining.

evernessince said:
Great, no one can track your transactions.
Actually, everyone can. That IS blockchain in a nutshell.

timta2 said:
"Overall GPU shipments in the fourth quarter of 2017 actually decreased 1.5% from the previous quarter"

Still waiting on that production increase, that the mining defenders said was coming...
If it doesn't come, you have no one to blame but the manufacturers. Demand IS there.

GorbazTheDragon said:
So, assuming the average crypto card is run at around 100w power, there are of the order of 300 gigawatts of power that are being wasted mining...

Based on that alone, I think crypto should be banned.
I don't know, I think people should be allowed to "waste" their electricity on whatever they buy it for.

_JP_ said:
Yeah, no. Hash rate isn't high enough and I'd wear down the hardware forcing me to buy new...for a ridiculous price in order to have a worthwhile jump in performance.
You wouldn't wear it down in any meaningful way. That's really a myth.

Chaitanya said:
Unlike miner scum, gamers dont play games 24/7 for months on end. On average gamers spent only 5-7 hrs a week gaming so power consumption is just small fraction of what these mining rigs leech from grid.

http://www.nielsen.com/us/en/insights/news/2014/multi-platform-gaming-for-the-win.html
they also don't tend to underclock for maximum efficiency.

Please don't refer to fellow forum users as "scum" btw.

iO said:
I just hope Nvidia severely cripples the compute capabilities of the upcoming Geforce line and introduces cheaper Tesla models for mining only.
Hell no. Elite Dangerous really taxes compute as is! You can pry that kind of procedural generation from my cold, dead gamer hands!
Posted on Reply
#12
Casecutter
trinimoses said:
silliness.... the 3 million cards sold only represent about 11% of the overall GPU sold for the period...
Was that discrete cards only or all iGPU? Then if it is just 11% of the overall discrete market, then that should hardly be making the effects we are in currently (no stock/extreme prices). I mean is 11% volume spread across everything from what had been considered "above entry" (1050Ti, 570 4Gb) on up really enough to cause this disruption? Then there's the memory shortage, said to account to a 20% slow-down...

I say I'm not sure if Jon Peddie can get down to the "granularities" of all the world wide sales outlets to actually see if 3 card here 5 cards there are being soaked up by DYI miners. They might be able to report the larger mining farms that have the inside track to see volumes sales (100's at a time) not going into retail but does he get information from Newegg, Amazon, and others and distinguishable as miners/gamers sales. I doubt such company's care to offer that information or have a fool-proof way to even sort it.
Posted on Reply
#13
ppn
Hardware Disable cuda on all non quadro cards, like Sli is not present on 1060. Let miners buy quadro.
Posted on Reply
#14
Chaitanya
R-T-B said:
I only took 2, so don't look at me. I officially bought more for gaming than mining.



Actually, everyone can. That IS blockchain in a nutshell.



If it doesn't come, you have no one to blame but the manufacturers. Demand IS there.



I don't know, I think people should be allowed to "waste" their electricity on whatever they buy it for.



You wouldn't wear it down in any meaningful way. That's really a myth.



they also don't tend to underclock for maximum efficiency.

Please don't refer to fellow forum users as "scum" btw.



Hell no. Elite Dangerous really taxes compute as is! You can pry that kind of procedural generation from my cold, dead gamer hands!
Sorry my bad, retracted the word.
Posted on Reply
#15
moproblems99
timta2 said:
Still waiting on that production increase, that the mining defenders said was coming...
I am pretty sure miners would like to see that too.

trog100 said:
i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..
Society should be thankful for miners, after all. They are keeping young minds away from violent and disturbing games that could warp their soft brain matter. Seems like a win-win for me.

Casecutter said:
Was that discrete cards only or all iGPU?
I would also be curious to know this.
Posted on Reply
#16
R-T-B
ppn said:
Hardware Disable cuda on all non quadro cards, like Sli is not present on 1060. Let miners buy quadro.
And OpenCL? DirectCompute?

Both are more commonly used for mining.

Disable it too right? What about games that USE compute?

Chaitanya said:
Sorry my bad, retracted the word.
I appreciate it, thanks.
Posted on Reply
#18
yotano211
trog100 said:
i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog
Dont worry, trog, mad angry gamers are just jealous thay they cant get anything done and play games because they are bored in life. Playing games doesnt produce anything, at least mining is trying to create new tech.
*to mad angry gamers, why you so mad bro!!!
Posted on Reply
#19
Captain_Tom
TheMailMan78 said:
And the nail in the coffin for PC gaming just dropped. Thanks a lot you prick miners. I hope you bastards get regulated into oblivion.
Nope! Things could not be going better for us ;)

https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

https://finance.yahoo.com/news/wyoming-wants-silicon-valley-blockchain-155501435.html

https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses

https://www.coindesk.com/cftc-gives-green-light-for-employees-to-trade-in-cryptocurrencies/
Posted on Reply
#20
rtwjunkie
PC Gaming Enthusiast
yotano211 said:
Dont worry, trog, mad angry gamers are just jealous thay they cant get anything done and play games because they are bored in life. Playing games doesnt produce anything, at least mining is trying to create new tech.
*to mad angry gamers, why you so mad bro!!!
Oh come on man, at least be honest. I don’t care if you’re doing it or not, but be honest: you are doing it to make money, not create new tech. That’s the first I have heard of that reason.

What is said new tech supposed to produce? What is it useful for?
Posted on Reply
#21
yotano211
rtwjunkie said:
Oh come on man, at least be honest. I don’t care if you’re doing it or not, but be honest: you are doing it to make money, not create new tech. That’s the first I have heard of that reason.

What is said new tech supposed to produce? What is it useful for?
Of course I am in it for the money, I still got in early enough to make some money from it. But I like the overall idea of blockchain tech, it might help out with commence.
Posted on Reply
#22
Captain_Tom
rtwjunkie said:
Oh come on man, at least be honest. I don’t care if you’re doing it or not, but be honest: you are doing it to make money, not create new tech. That’s the first I have heard of that reason.

What is said new tech supposed to produce? What is it useful for?
Then please hear it again:

One reason I am involved in several Crypto's is I also believe they will do a lot of good for the world. Sure I am making bank, but not as much in the short term as I would be if I focused on projects from a purely speculative/profit-oriented point of view.
Posted on Reply
#23
Casecutter
yotano211 said:
Playing games doesnt produce anything
Games don't but the advancements in such graphic technology in general goes hand-in-hand with many and much of todays movies. There are a lot of jobs that work in and on such advancements and gaming is more a low level use but honestly there's money from that that supplement the overall work. Although, probably less anymore because gaming house are anymore less about the "true immersive experiences" and more about money so less feeding of technology back and forth.
Posted on Reply
#24
yotano211
Casecutter said:
Games don't but the advancements in such graphic technology in general goes hand-in-hand with many and much of todays movies. There are a lot of jobs that work in and on such advancements and gaming is more a low level use but honestly there's money from that that supplement the overall work. Although, probably less anymore because gaming house are anymore less about the "true immersive experiences" and more about money so less feeding of technology back and forth.
You can say the same thing with mining, its trying to advance a new tech and it employs people in the market.
Posted on Reply
#25
R-T-B
yotano211 said:
You can say the same thing with mining, its trying to advance a new tech and it employs people in the market.
Exactly.

TheDeeGee said:
Mining scum!
Lol. There's always that guy. One step forward, two steps back.
Posted on Reply
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