No way.  At the most you would probably pull 650W at the wall ...unless you are running other peripherals I am unaware of.

I highly suggest getting a kill-a-watt meter from Amazon or newegg or wherever.  You can find them around $20 and well worth it.  I have one on each mining rig to monitor my power consumption.

ps. a little while ago I called evga about their power supplies, and asked Jose from EVGA how much can I pull constantly from the supply safely.  He suggested 80% of max rating.  Going my that theory, you could safely pull 800W constant without worry.

You should be able to overclock the memory still, and maybe even bump up the core clock if your card has good cooling.  At 80% it will throttle the core possibly to keep power down ac necessary.  I run my 1070 at 65% with +50 core and +230 memory in afterburner.  Much of the time the core throttles down to 1810, but it is there just in case.  The 1070s run at 55c and only use about 105 watts.  I have played with power settings so much.  I ended up having to tweak that low to conserve wattage draw.

Can you be a miner as a day job?  Yes I suppose.  Issues like power availability (after all you can't pull more than 1400 watts from a 15A circuit), a place to keep the equipment cool and safe, and the ability to constantly monitor would be some of the few I see.

I prefer to make a hobby out of it.  I have 10 high end GPUs running on 2 rigs.  Already made enough bitcoin (via nicehash) to pay for half the cost.  I know earnings will diminish, but for this year I expect to have it all paid off and more.  I then sell off the equipment and either restart with better equipment or call it quits.  But doing it full time?  Nah.

This.  Having both 1080s and 1070s working I find the 1070s almost match the 1080.  I cannot speak about special memory, but performance is darn close, and I can tweak the 1070s down to under 110 watts and get almost the same numbers.  I only bought a couple 1080s so when I retire them I can run them in a game rig, but they pull more power and are barely better.

Also $459 for a 1070 is very pricey.  Look for prices more like $400 to $420

I am running a similar setup with similar settings, but I am not getting that hash rate -not even close.  I am getting about 385 sol/w per card.  But I draw a little less power at 110W, my efficiency is a little lower but acceptable.  I don't understand how you are pulling 470 at the wall.  You should only be seeing 400 to 410W.

69 degrees is the temp.  I also checked for throttling, but it isn't.  On the surface everything looks good and similar except for the stark contrast in TDP (67% vs 92%)

***UPDATE*** So I fiddled with all sorts of things. No change.  But I recall reading once that Nicehash suggests creating a very large Virtual memory page file.  Not sure why, and I never had an issue with 3 GTX1060s and 2 GTX 1050s.  But when I created a huge 24GB page file suddenly my hash rate jumped up to 390 sols/s.  (BTW ONLY the algorithms equihash and DaggerHashimodo were impacted all others were expected for a 1070)

So Why Nicehash needed so much extra virt mem for a 1070 is unknown to me.  Why low virt mem only impacted DaggerHashimodo and equihash is even more perplexing. I am only thankful I remembered something about that and tried it.

Thank you to everybody that replied with suggestions!

If all else fails yea I will swap the cards and see.  I did use MSI afterburner to exactly match specifications, but left to its own the Zotac was almost identical in temp/clock/load already according to gpu-z and afterburner. (zotac was 1 degree cooler BUT only 67% TDP vs 92% for Asus)

I also swapped risers just in case.  No luck there either.  I have just enough room to actually install the zotac on the board, I might try that also.

But even if Zotac is a lesser brand (which honestly it feels really well made), all things being equal it should not be such a dog.  BTW I am using the same miner mining the same pool on both systems BTW, and the 1060s are running at the same speed on both.

I feel like I am missing something somehow, but... I dunno.

EDIT: Solution found.  See my post about 7 messages down

OK this just bugs me and I need to ask.  I have 2 rigs that mine.  Most of the cards are gtx 1060s, but each rig has gotten a new gtx 1070.  An Asus 1070 something gaming card, the other A Zotac 1070 Amp edition.  Both are factory overclocked and boast almost identical specs.

Why would the Asus average 400 sols/s Equihash, and the Zotec only 325 Sols/s?

I mean that is a huge difference for a card that is running at the same same GPU clock, same mem clock.  The only difference is the zotec is connected using a PCI riser.  But I have never noticed them cause performance issues before.  Drivers up to date, both on gen 6 intel i series processors, systems are spec'd out similarly.

Thanks for your thoughts, because I am perplexed...

Figured I would ask before I let it install.  This is on my 5gpu nvidia mining rig.

You know they are the reason the bubbles start and then pop.

A bubble is a bubble.  A market gets hot and all sorts of new money comes in to take advantage, often these less savvy investors are the same ones that sell off and run away when things turn sour, causing a market to implode.  Seen the story play out again and again.

Not saying one can't make money in a market running up, but don't be left without a chair when the music stops.

Harsh, but truthful.  Reading his original post I did some quick math in my head and said to myself he would be lucky if the house didn't burn down. 

I don't see that being able to dissipate heat nearly well enough.  Watch your temps very carefully because I suspect it is going to get way too hot in there.

Thank you so much.  Great info even on a PSU at a smoking price! 

I knew people here would know what to do.  Makes ramping up from a small 2 GPU miner, to a second 4 GPU rig a little less trouble.

I know nothing is cheap.  I did go with the pentuin 4400 suggestion also.  I was looking at that exact CPU already so you confirmed my belief that it was plenty.

I was looking at building a 6+ GPU rig, but the Z270 boards are so freaking expensive.  In some of those 6 gpu threads people have suggested building a 4 gpu on the cheap for faster return and this makes sense.

Is there something in the lga1151 family that is cheap and reliable that people here can suggest from experience?  I will be sourcing it from Amazon.

Thank you for your advice in advance!