Crypto mining is not a cheap endeavor. Last year, crypto miners spent approximately $776 million to purchase 3 million add-in boards, or graphics processing units (GPUs), according to a research report by Jon Peddie Research.  “Gaming has been and will continue to be the primary driver for GPU sales, augmented by the demand from cryptocurrency miners,” said Jon Peddie, president of the research firm, in a statement. He added, however, that his firm expects demand from cryptocurrency miners to ease as profit margins drop from rising utility costs and steeper supply and demand issues for add-in boards, which in turn will drive the prices of those boards higher. Read more here.

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