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It is GDDR5. No cards this gen are HBM2 yet (consumer cards*). The 470 can outperform a stock 480 if overclocked hard and since it's getting price cuts and you can get 8GB versions the 480 doesn't really make sense. 

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PSU Tier List F@H stats

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https://linustechtips.com/topic/681438-quick-question-rx-480/#findComment-8761961
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