Yes, the hiss on my system is very likely the DAC noise floor. It doesn’t matter what source the HTx is set to (it is still present if there are no sources physically connected at all), and it is the same level no matter what the digital volume is set to. The only thing that cuts the hiss is a device with analog volume control (like my Topping A90 Discrete) or a voltage attenuator (like the ones I got from Sescom). The results with the voltage attenuators are the reason for my understanding of the HTx always being 4V out of TRS balanced. Given the hiss is cut by a voltage attenuator, I concluded the hiss is contingent on the voltage. Given the hiss remains the same level no matter the volume the HTx is set to and no matter the input device, I concluded it is somehow always 4V out. Possibly the DAC noise floor is at a constant level while the rest of the signal is not; I have no idea.I also got a bit tripped up by their comment, but it is true that if using solely digital volume control then the DAC noise level would be fairly fixed regardless of whether the DAC is at quiet output or loud. If the noise is fixed then turning down the signal would bring the two closer together, making the noise/hiss audible after 26dB of amplification.
Analog volume control is usually preferable for quality for this reason, it allows the signal at time of creation to put maximum distance between itself and the noise floor, where you then bring both down to the desired level afterward. AVRs and some AVPs do this, block diagrams (when published) will indicate.
Ironically after doing some of the napkin math on ideal gain staging (@mdsimon2 did this above, great work!) I ended up warmer on AVRs. I hate to come to the conclusion that using high performing gear like miniDSP and Hypex amps can result in worse performance somehow, but I can’t see a way to very easily manage analog volume control in these types of setups.
I don’t intend to pretend to have an understanding of the engineering whatsoever. This is just the conclusion I came to from my own tests and after about 50 emails with miniDSP, VTV, and Deer Creek.
I am satisfied with my current set-up after purchasing the voltage attenuators. It’s maybe a little awkward having my L/R piped through my Topping A90 Discrete (it is after the HTx in the chain), but it adds two advantages: I can boost the L/R on the fly when I feel like it (I like to do this when watching basketball since they mix the commentators too high), and I can change the Topping to its headamp mode to use headphones.
I just wanted to put a comment in here about my experience with using the Hypex MP amps with an HTx and how that might reflect on using the amps with a Tide16. I’m likely to get a Tide16 myself in a year if reviews go well.
Side note: are you saying traditional AVRs like my Denon X3700H use analog volume control? I wasn’t aware of that; just assumed it was digital.