This guy built a
"cheap"
Hybrid RX 480 using a
FrostFlow 240G and got some good results with an unlocked BIOS to up the volts, though I'm not comfortable with his passive cooling of the VRMs with those tiny HS...
At 1470MHz (1.256v) the RX480 goes toe to toe with a GTX 1060 @ 2107. I'd take it with a grain of salt since I'm not sure how reputable he is. If it's accurate, it means the RX 480 actually scales pretty good with faster cores speeds. If this is a preview of the RX 490 then we should see some crazy enthusiast projects in the next year.
Does this mean the RX 480 could be a win? I'm not sure. The GTX 1060 6GB is still going north of $250 at the moment, some AIB cards are going for $300+. Keep in mind you're Spending $300+ on an OC AIB 1060 or building a Hybrid RX 480 for the same price, that's ~$100 away from
a GTX 1070 which will stomp on both those cards. Maybe once the market stabilizes you can get an AIB RX 480 for the same price as an AIB GTX 1060.
Not trying to poop on YBS1's setup at all. If anything I'm really enjoying the work he's shared with us, it's really cool stuff! Just saying that if you're looking for the best perf/$, a RX 480 is in a fuzzy spot at the moment. The market is all over the place, so most of these cards miss on their promise of great gaming performance for less than $250.