GPU sales rise 20%, driven by cryptocurrency miners and laptop sales



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Credit: Dreamstime

GPU sales grew a staggering 20 percent at the end of 2020, driven by pandemic-induced gaming, a new mining craze and high demand for laptops, according to a new report from Jon Peddie Research.

But there is a light at the end of the tunnel, at least for the players. The GPU-based cryptocurrency craze, which has consumed already limited supplies of cards with the speed and cruelty of lobsters, could erupt.

JPR’s Jon Peddie, who has followed the graphics market for more than three decades, said the new Ethereum variant is likely to wipe out the profitability of GPU use.

“Ethereum, the most suitable currency for GPUs, will be incorporated into version 2.0 very soon, which will make GPUs obsolete,” he explained. “It would be very silly for a person to invest in a high-end energy-consuming AIB [add-in-board, in this case a discrete graphics card] for crypto-mining today. “

Still, the demand for gaming PCs and GPUs led to pretty phenomenal growth in 2020, JPR said. Much of the growth in 2020, unsurprisingly, started in the third quarter, during the traditional back-to-school shopping season. With many students still attending virtual classes, computers were even more attractive products than at the beginning of the year, when the close of the pandemic forced people indoors.



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