Ethereum Miners Spent $15 Billion on GPUs in the Last Two Years

Ethereum miners have spent $15 billion on GPUs over the past year and a half, with that figure being higher when considering other parts like CPUs, PSUs and chassis.

The report originally comes from analysts at Bitpro Consulting, who Bloomberg reported and our friends in Tom’s Hardware identified. It appears that Ethereum miners may have depleted around 10% of the total GPU supply during the last couple of years’ cryptocurrency bubble.

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