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I personally haven't ventured off into other firmware (yet).
It's funny you mention the basic at 100% thing. I've heard similar, and in fact, I've also heard you don't want to the processor to be TOO cool because that affects its efficiency.
Seems like there are a lot of moving pieces to it all!
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I recently attended a panel on mining. One researcher claimed that often the higher efficiency of an asic is not at 100% of its power.
Have you done any tests on this?
Are there any alternative firmware?