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Pemalite said:

Lower clocks, lower power DRAM, more aggressive binning with chips that can hit lower voltages.

The memory isn't particularly fast on the 3070 right out of the gate so you don't really save any Watts there. Also making a business plan on the assumption that "there will be enough binnable chips" is a recipe for failure.

If you need to downclock a 3070 chip so much for wattage, you better start with the much cheaper 3060 chip right from the start.