Man, it's been a while. I still want to go at it with my Steam Machine console build but now I have different parts and another approach for handling power.
First.. I've had a GTX 1060 for at least a month now. It runs great on a 19V HD-PLEX 160W, however, I have gotten curious about the HP Elite PSUs that
@guryhwa was using for his G-Unique bundles and found a variety that is also 160W (much cheaper compared to 200W) so I decided to snag one.
It cost me $19.95 and supports 12V right out the box, so my guess was no need for internal modding. And I was correct. I cannot combine it with HD-PLEX units because those are for 16-24V but I decided to experiment by plugging it directly to my GPU.
Here is what I have come up with.
The +12V and ground wires have been de-pinned and arranged in a PEG 6-pin connector, and the skinny green wire left unplugged (I assume this is a "sense" wire). The PC powers on as normal, and good news, the GPU works too! I'm now having it feed from two sources of power: A 19V power brick that goes into the HD-PLEX to power motherboard, CPU and RAM, and the HP PSU to the graphics card. My goal, as originally stated, is to completely get rid of the power brick.
The HP PSU makes a coil whine on startup and when it's idle. The coil whine stops when I launch some image viewing app, or some more GPU intensive program. So it must have a decent amount of power going through it to stop the coil whine. Perhaps, but I'm not sure, it will completely go away once I have the entire computer powered by it.
Mini-update:
Testing the GPU running for power consumption, here are the wattage figures I got from my Kill-A-Watt unit, measuring GPU power at the wall:
Overwatch 1080p Ultra settings . . . . . . . . 10-15W
Cryptocurrency mining (80% load) . . . . . . 25-30W
Valley benchmark, extremeHD preset . . . 60-65W
These wattages were measured after 10 minutes of activity. Overwatch is very power efficient with this GPU, probably due to not being very graphics intensive. Valley as expected used up the most power, but it's still far below the rated 120W TDP. This seems to go in line with the findings at Tom's Hardware- the GPU works less hard at lower resolutions but at 1440p to 4K it considerably gets closer to 120W.
For 1080p this looks to be a very power efficient system while also allowing the GTX 1060 to run games at their best performance.