Research suggests that the cryptocurrency mining boom is over, with GPU shipments dropping in the second quarter of 2018.

That's according to a report from Jon Peddie Research, which points to a 1.5 per cent decrease in GPU shipments in Q2 from Q1.

AMD shipments dipped the most, 12.3 per cent, while Nvidia saw a seven per cent decrease. Intel shipments, however, rose three per cent.

This is something that JPR pegs as being down to the cypto mining market coming to a downturn for the near future.

"The PC market is showing more stabilisation, and now seems to have shaken off the gold rush fever of crypto-mining, overall volume slipped, albeit with bright spots for the market here and there," the company wrote.

"We can mark Q1’18 as the peak and last hurrah of the crypto-mining fever. Desktop GPUs, which went into mining rigs, have dropped back to their normal volume."

This is in line with Nvidia's comments around its last financial report. The hardware giant says that all future revenue from cryptomining would be "immaterial" and that it was removing this sector from its fiscal forecast.