1070 G1 with only +50 Mhz OC at 100% Power limit: 270Mhs/178W so 1.48 Mh/W
90% PL: 263/162W so 1.62
80% PL: 252Mhs/142W so 1.77
70% PL: 243Mhs/125W so 1.94
60% PL: 226Mhs/107W so 2.11
50% PL: 202Mhs/91W so 2.21
Take the numbers with a grain of salt as I didn't wait much between readings and the power consumption figures are from nvidia-smi.
Anyway, if you do the math higher hashrate trumps efficiency as it almost asways do (if you have average electricity prices). In fact, I've yet to run into a situation where lowering the power limit would have lead to more profit...
With $0.14 kWh LBRY would have to be priced as low as roughly 7k sats for higher efficiency to matter more than hashrate - at which point people would not mine it.
Nice. Thank you for the details there @bathrobehero.
I'm a bit more focused on efficiency than raw hashrate, as my electricity cost is at €0.20 kWh, as well as many times I am mining at loss (or rather, not strictly mining for a BTC output, or mining for low key hoarding).
But the other thing I would highlight, especially with the larger cards (1070/80, 970/80), is that sometimes, and only to moderate extent, you might lower your power usage without any loss of hashrate. This is a function of operating temperature, clock & voltage controls.
The default clocks for my cards (factory OC'ed), achieve roughly ~340 MH/s @ 180W, with the cards running in the range of 70°C.
I can't overclock them much at this range, without hitting temperature and/or TDP throttling. A little increase is possible, but marginal, and with a good deal of power usage increase.
My tweaked settings run at the factory OC, then +140 clock, -1000 memclock, and 85% TDP, which comes out a temperature of 65°C (fan settings unchanged).
The hashrate stands exactly the same as the factory settings, yet my power usage is down by at least 15%.Obviously results will vary across different cards, vendors, power circuits, ASIC quality, etc. But the gist of it is, that most times, for any given absolute max hashrate at default settings, you can usually get away with better settings to produce the same hashrate at lesser power usage.
I haven't ventured in similar testing for memory intensive algorithms though, I only ever tweaked to any meaningful extent on compute heavy algorithms.
In your case, the 1070 G1 with +50 Mhz OC at 100% Power limit. Would probably be perfectly stable with a tighter power limit, lowered memory clock, and higher core clock - again - producing the same hashrate, but with lesser power usage. It's not something that would interest everyone though... Things will quickly get messy as one changes from algo to algo, with the cards behaving quite differently from one to the other, and sometimes requiring significant reconfiguration.
Enough mining chatter, weekend here I go! Cheers