why 38A or more on one rail? Punin said 250W at the wall so depending on the PSU he used that makes around 20A @12V in my calculation, am I wrong?
Your calculation seems right (20.8333333 amps to be exact, assuming 100% efficiency). There are reasons why I'm going for higher limit in my supply:
1. H-Boards are under-performing at the moment. If the issue is resolved, they may drain more power at the desired hashing speed. Advertised consumption is ~40W (at the wall) at ~25GH/s per board.
2. There are 3 positions to plug in fans to the Master board. Depending on the fan model, they may draw up to 0.6A each. Add this to the calculation.
3. The power supply efficiency is best (generally speaking) between 50% and 80% load. Nearing 99% load, you are not at the best efficiency, and you are risking that the power supply will shut down (or blow a fuse) to protect itself.
4. Overclocking - if you hope to overclock your rig, it would need more power.
But I'm just an enthusiast. It would be far better, if punin can make some official recommendations about the PSU.