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Most chips need around that. The majority of low voltage posts come from people that have just bought their chip. As the days go by and their PC keeps crashing, their voltage slowly increases. They never come back to post the final stable voltage tho, which gives a wrong impression as to how many volts these chips really need.
Made the same post to a new guy posting his first OC a few pages back on something like 4.6Ghz saying he had it on 1.18v after less than a day of stressing.