I think we're on to something with the PCIe power.
PCIe slot "spec" is 75W TOTAL. but if you ignore power allocated to 3.3V, you are only allotted 66W for 12V power via the slot.
another thing is that if I have the card just sitting there running nothing, but in high performance mode with clocks sitting at 1725MHz, GPUz reports a total board power of about 100W, with 32.5W being pulled from the PCIe slot. GPUz reports that the power consumption is 28.8% TDP, but PX1 reports 49% power consumption.
32.5/66 = 49%.
so it seems that the whole card's power limit logic is only based on the pcie power input? they should only be throttling the PCIe slot and not throttling the whole card.
EVGA should address this discrepancy.