I honestly doubt that USB is required - it's probably more a load thing being so high power. Though it's curious as I don't see any mention of that online. I see the HXi are designed to work "fanless" until a certain load, I don't mean to offend you - you are a smart guy - but you actually checked the voltages and not just looked at the fan, right? 
OLDER power supplies - like 1980's ones - would not work without a load. The PSU inside classic Macintosh either doesn't start or starts but reading weird voltages at the outputs if with no load. As a friend told me, those power supplies worked with "hopes and prayers", SMPS were a new technology!
Yes, very OT, sorry

OLDER power supplies - like 1980's ones - would not work without a load. The PSU inside classic Macintosh either doesn't start or starts but reading weird voltages at the outputs if with no load. As a friend told me, those power supplies worked with "hopes and prayers", SMPS were a new technology!

Yes, very OT, sorry
Comment