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: 2897
Joined: 2013-03-10
Although I personally would like to see the crypto currency scheme disappear, let's not forget it has some positive aspects as well, aside from boosting video card sales:
1) Criminals absolutely love it. Great for all kinds of shady transactions that legal shops and sellers don't offer.
2) Power companies love it. Miners in the world already consume as much energy as a small country.
3) If you live in cold climate, the mining machine doubles as a super high tech electric heater.
3.5) You can make your family and friends laugh till they collapse by having a mining machine and AC in the same room.
Junior Member
Posts: 8
Joined: 2017-09-07
There is some information floating that Next Nvidia's release will include 2 GPU series - Ampere for Consumer / Turing for Miners.
Personally, from my point of view, it will make the most sense. As I wrote earlier about it that will potentially stabilize the market and get it back on track.
However, it will Only work if Turing cards will have Significantly higher crypto performance, and vice-versa with Ampere. Hopefully, we will also see hardware level limitation for mining on Ampere.
Otherwise greedy cyber Dwarfs will continue buying out everything that moves.
I agree with you but if the card is sold out I think the miners will still buy any GPU they can get there hands on
Senior Member
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Joined: 2014-10-20
Thats why it's in GPU manufacturers best interest to have sufficient supply for them.

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@fantaskarsef
They have P104 (1070) and P106 (1060) series. In my country they import them as spare parts and are only in obligation of 6 months warranty (compared to 2 years for normal parts). In USA, I think most you will get out is 3 months. Those cards still get sold out now.
There is a difference between a big miner (20+ rigs (120+ cards)) and a small miner with one or two rig (6-16 cards). Small miner is reluctant to take such a product. If all goes to hell, he can sell cards and be ok. Big miner doesn't really care. He probably made ROI already so everything on top of that is just more profit.
@cryohellinc :
The thing is, you can (example) buy ETH for 820 in the morning, and sell it at 850 in the evening. that's 30 bucks per day on 820 invested. You don't really care if the "coin" is at 1000$, or 100$, you are fast trading every single day. You can't do that with blue chip stocks or any other. Crypto is opportunity for everyone to make some money (or loose, not everyone can make a smart move every time). Biggest loss is suffered by long term speculators. Invest today, hope the "coin" will go up by 1000% in a year. That's just insane in crypto world, but hey, some guys earned Lambos and now some suckers are....sucked into that crap.


Senior Member
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Joined: 2014-10-20
gx-x
Precisely that, which makes it an even more speculative market.
There is always opportunity when it comes to speculation, however, in order to make money on it you need some prediction and calculation, but when it fluctuates like this - personally I wouldn't risk it.
In case of crypto/block chain staying, of course, it will. However, when even 1 of the major coins pop's and people loose money I think we will see a slow and steady decline over the board. It will send shockwaves. Too many will get "burned", and too few will want to risk it again.
p.s. block-chain is a great tech, used for all the wrong purposes and reasons.