Analyst: 3 million GPUs sold to crypto miners in 2017 alone

It was the year of cryptocurrency mining last year, and now that Jon Peddie Research's new GPU market report is out, we can get a better idea of just how many graphics cards AMD and NVIDIA sold to crypto miners.

GPU shipments actually decreased in Q4 2017 compared to Q4 2016 by around 1.5% but comparing these numbers year-over-year, GPU shipments actually decreased 4.8%. The report does state that 3 million graphics cards were sold to cryptocurrency mining, making $776 million in total.

AMD shipments increased 8.08% quarter-to-quarter while NVIDIA's shipments dropped by 6%. Dr. Jon Peddie, President of Jon Peddie Research, said in the report: "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. Gamers can offset those costs by mining when not gaming, but prices will not drop in the near future".

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