Jon Peddie Research claim that the crypto-mining industry was responsible for purchasing 25% of all GPUs in the first months of 2021.
They estimate that this translates to “700,000 high-end and mid range” graphics cards which are worth around $500million in market value.Crypto-mining uses the processing power of graphics cards to create new bitcoin, a digital cryptocurrency that has raised significantly in value over the years.The research model provided by JPR works on the assumption that PC sales are slightly down, however there’s been a huge spike in sales for individual graphics cards.
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