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Rated at 100W according to the ATX spec. The 8 pin cpu cable is four wires at +12, four at 0, rated at 200W. Eight pin pci-e, weirdly, is 3 at +12 and five at 0.
Having more negative connections provides less resistance and less chance of a voltage drop across the load. This allows a larger load to be drawn with less chance of fluctuation and greater stability.
Electron flow is basic science and not my consideration.