Three million add-in boards (AIBs) were sold to cryptocurrency miners in 2017
In a report published by Jon Peddie Research overall GPU shipments in the fourth quarter of 2017 decreased -1.5% from last quarter, however, the reports denotes that more than three million video cards have been sold to crypto miners in 2017, making AMD and Nvidia about $776 million.
It is also mentioned that the prices of video cards will not decrease short term, which in fact has recently been confirmed by Nvidia over at Massdrop. Prices would continue to rise during the second and third quarters, according to Nvidia. The shortage contributes to this.
-- JPR --
YEAR-TO-YEAR TOTAL GPU SHIPMENTS DECREASED -4.8%
Jon Peddie Research the industry’s market research firm reported that overall GPU shipments in the fourth quarter of 2017 decreased -1.5% from last quarter following normal seasonal shipments. Year-to-year total GPU shipments decreased -4.8%, desktop graphics decreased -2%, notebooks decreased -7%. Over 363 graphics units shipped in 2017.
AMD increased its market share 8.1%, Nvidia decreased -6%, and Intel decreased -2%.
Table 1: Graphics Chip Market shares |
Over three million add-in boards (AIBs) were sold to cryptocurrency miners worth $776 million in 2017. AMD was the primary benefactor of those sales.
Table 2: Graphics Chip Market |
The fourth quarter is typically flat to slightly up from the previous quarter in the seasonal cycles of the past. For Q4'17, it decreased -1.5% from last quarter and was above the ten-year average of -3.40%.
“Gaming has been and will continue to be the primary driver for GPU sales, augmented by the demand from cryptocurrency miners.,” said Dr. Jon Peddie, President of Jon Peddie research. 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.”
Quick highlights
- 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.
GPUs are traditionally a leading indicator of the market, since a GPU goes into every system before it is shipped, and most of the PC vendors are guiding cautiously for Q1’18. Findings include discrete and integrated graphics (CPU and chipset) for Desktops, Notebooks (and Netbooks). It does not include iPad and Android-based tablets, or ARM-based Servers, or x86-based servers. It does include x86-based tablets, Chromebooks, and embedded systems.
GPUs are traditionally a leading indicator of the market, since a GPU goes into every non-server system before it is shipped, and most of the PC vendors are guiding cautiously for Q4’14. The Gaming PC segment, where higher-end GPUs are used, was a bright spot in the market in the quarter.
For those who wish to understand the PC market, an understanding of the highly complex technology and ecosystem that has been built around the GPU is essential to understanding the market’s future directions.
The report contains the following content:
- Worldwide GPU and PC Shipment Volume, 1994 to 2020.
- Detailed worldwide GPU Shipment Volume, 1Q 2001 to 2Q 2016, and forecast to 2020.
- Major suppliers: Detailed market share data-on the shipments of AMD, Intel, Nvidia, and others.
- Financial results for the leading suppliers: Analysis of the quarterly results of the leading GPU suppliers
- Market Forecasts: You will also be able to download a detailed spreadsheet and supporting charts that project the supplier’s shipments over the period 2001 to 2018. Projections are split into platforms and GPU type.
- GPUs: History, Status, and Analysis.
- Financial History from for the last nine quarter: Based on historic SEC filings, you can see current and historical sales and profit results of the leading suppliers.
- A Vision of the future: Building upon a solid foundation of facts, data and sober analysis, this section pulls together all of the report's findings and paints a vivid picture of where the PC graphics market is headed.
- Charts, graphics, tables and more: Included with this report is an Excel workbook. It contains the data we used to create the charts in this report. The workbook has the charts and supplemental information.
Senior Member
Posts: 182
Joined: 2006-05-22
Like 4 years ago i bought an R9 290 sapphire tri-x which was used for mining for like 6 months or so, i was skeptical like everybody about buying a mining gpu, but it was half the price at that time even lower if i remember right, and after 4 years of gaming, it still rocks, i had 0 problems with it, maybe i was the lucky one and won the silicon lottery on it.
Senior Member
Posts: 1745
Joined: 2013-06-04
Sadly I don't think either AMD or Nvidia will implement measures to avoid mining on their cards. They are, after all, after the selling profits and miners are costumers. I even bet that after this mining craze that prices will stay up because AMD can't touch Nvidia. Our only hope would be that Intel would make a decent GPU but as greedy as they are, I don't believe they'd make a price war.
Bottom end: we're all screwed, it's the fall of PC gaming (at least for low to mid budget people).
Senior Member
Posts: 1517
Joined: 2007-03-18
Crypto-rush has all indications of a Bubble/ Pyramid scheme. Any pyramidal scheme grows and generates profit for its "users" as long as there is a constant influx of new "users".
Exactly the same thing we see here, it's a gold rush, maybe even a trend to some degree.
Another indication of a bubble/ pyramid is how it fluctuates. 2k, then 3k, 10k, 20k, then 10k again. I predict eventually it will rise all the way to 100k (or even more), however when eventually the Speculative Bubble pop's the main problem as with any other Bubble will be Overvalued coins at hand. Yes, it will cost $100k, however, nobody wants to buy it from you for that price, and that's the hook.
Same as during the days of actual Gold Rush, people that made the most profit were not the one's mining for Gold, but selling the Tools to do so. So far we can see the same thing here.
You are very correct. Look at your post again and tell me, do you see an opportunity there or not?

PS. There will always be a new coin to mine. Block Chain isn't going anywhere, and with crypto going wildly up-down, neither are margin traders.
PPS. If nVidia wasn't as greedy and gave normal warranty conditions on their mining cards (which are mainly the same as gaming counterpart), maybe miners wouldn't be buying all of the gaming cards. Small miners don't want to risk it with no warranty or 3 months warranty on product that has almost no resale value out of the box.
So the problem could be solved relatively easy, on expense of the super rich companies instead of on gamers/users pockets.
Senior Member
Posts: 12980
Joined: 2014-07-21
PPS. If nVidia wasn't as greedy and gave normal warranty conditions on their mining cards (which are mainly the same as gaming counterpart), maybe miners wouldn't be buying all of the gaming cards. Small miners don't want to risk it with no warranty or 3 months warranty on product that has almost no resale value out of the box.
So the problem could be solved relatively easy, on expense of the super rich companies instead of on gamers/users pockets.
I didn't know Nvidia had any special mining cards yet. And some warranty is legally ensured, at least in some countries. Here in the EU basically it doesn't matter what you buy the card for... the issue is under which terms the manufacturer (not the chipmaker!) can tell you GTFO with your mining card, but this too needs a form of control to see what happened, which right now is not there. So... not really seeing how that relates to NV, or NV and not AMD in particular. Also, neither NV nor AMD produce any cards, decide on any warranty terms and durations, or decide to allow or deny any RMA. Please educate me if I missed the meaning there.
Of course the miners don't want to risk their cards without any warranty (in the situation you described), because they're just opportunists... making money without any risk? Who doesn't go for that?

Senior Member
Posts: 3372
Joined: 2007-05-31
the most important thing about crypto$:
-the carbon footprint of Crypto$ is now at same level than car polution...
-those who have start earlier have most of the cake... those who have started recentely (with mining craze) have what is left (some dust).
-it is considerated illegal to use it in more country each years (despite the flow is on survey in USA and EU)
-more and more people (sadly not the richest) have started to loose everything due to the instability of the crypto$ (never ever convert all your saved money into those crypto$... if it fall from -25% you will have your economy divided by 4).