I still don't get it. So far, I think the info we got is:
1) The RX 480 exceeds PCIe power draw when overclocked
2) More or less any card will do so when overclocked
3) Tom's Hardware identified this when running overclocked at 4K
...yet AMD admit to some problem that will be rectified with a driver update?
What do they intend to do? Lower the power draw? Up to what? I mean, how many spikes are an 'acceptable level' for this? And what about other cards that draw more power when overclocked?
This just keeps making no sense...
People seem to be getting some things confused - the ATX specs have guidelines for the entire slot - which is not what it can draw from the slot (socket) but the entire thermal and electrical envelope for the device in the slot regardless of where it gets it power from. Also some devices will put more strain on the power delivery of the PCI-e socket itself than others some might be "out of spec" but their main current draw will be from the additional power connectors - in this case the 480 can quite cheerfully draw considerably from the socket itself which might not be the case with other devices.
EDIT: To a certain extent they may be able to limit power draw from the socket via the power management chip which usually has quite a bit of functionality that can be tweaked via I2C which would change the demand to the additional power connector.
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