GPU sales spike by 20%, fuelled by crypto-currency miners and laptop sales

Credit: Dreamstime

GPU sales grew an astounding 20 per cent at the end of 2020, spurred by pandemic-induced gaming, a new mining craze, and huge demand for laptops, according to a new report from Jon Peddie Research.

But there’s a light at the end the tunnel – for gamers, at least. The GPU-based crypto-currency craze, which has consumed the already limited supplies of cards with the speed and mercilessness of locusts, just might go bust.

Jon Peddie of JPR, who has followed the graphics market for more than three decades, said the new variant of Ethereum is likely to kill the cost-effectiveness of using GPUs.

“Ethereum, the best-suited coin for GPUs, will fork into version 2.0 very soon, making GPUs obsolete,” he explained. “A person would be very foolish to invest in a high-end, power-consuming AIB [add-in-board, in this case a discrete graphics card] for crypto-mining today.”

Still, the demand for PCs and gaming GPUs led to pretty phenomenal growth in 2020, JPR said. Much of the growth in 2020 predictably started in the third quarter, during the traditional back-to-school shopping season. With many students still attending virtual classes, computers were even hotter commodities that they had been earlier in the year, when the pandemic shutdown first drove people indoors.

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.