Infinisearch
Veteran
edit: the interesting thing is in crypto currency, a 1070 has around the same hash rate as a 470 and around the same power consumption ( both are memory throughput limited)................
To me that says it could very well largely entirely ROP related ( more the Dave Kanter theory then the uber compression theory).
I found an article that has the 1070 at double/almost double the hash rate of the 480. Where did you get your benches from.
http://cryptomining-blog.com/tag/rx-480-hashrate/