by PeteB » 21 May 2016, 10:11
Voltage:
----------
The Pi is specified for 5V +/- 0.25V... (5%). The Pi by itself can run on a wider range, but many USB devices can't.
If the voltage drops too low, the Pi has a circuit to detect it and will not run.
If the voltage is too high, there is a risk of damage to the Pi circuitry, or a USB dongle, or a memory device.
As the load on a typical power supply increases, the voltage drops a little, and vice versa. At no load it is a bit higher, at full load a bit lower. This is called load regulation. A cheap 5V supply has poor load regulation, and may measure only 4.7~4.8V at the USB port, too low for some WiFi dongles. The voltage also drops a bit in the typical cheap supply cable.
The reason why some people use 5.1V~5.3V power supplies is to compensate for poor load regulation. They are counting on the voltage drop from a cheap regulator to bring the voltage down to 5V at the Pi. This is a common practice, but not a good one. A good 5V 2A supply should measure 5.0V at 50% load, which is typical after startup. Unfortunately a "good" wall-wart would cost over $10, not the $5~6 most Pi owners are counting on.
6V is definitely too high for a direct connection.
The reason why we have 6~7V, or even higher supplies is because some Pi DACs and Pi Amps regulate this higher voltage down to 5V, filter it, and supply the Pi through the 40-pin connector. This way the Pi DAC or the Pi Amp gets clean power, and the Pi gets a separate power supply that does not add noise to the DAC or Amp. This is a good solution (like Audiophonics uses), much better than supplying the DAC through the Pi, but more expensive.
Current:
----------
A direct connect linear supply can be rated at anything over 2 Amps, no matter what, it will supply clean power if designed and filtered correctly. Running a 10-amp supply at 1 amp will do no harm
A direct connect SMPS should be rated at over 2 Amps, but less than 10. Some SMPS supplies need about 10~20% load to meet their noise specs. So a 10 amp SMPS will work safely at 1 amp of less, but it may not meet its stated regulation or noise limits at a low current.