You probably talk about FSB vs RAM speed
<b>SYNC = Same speed on both side of the chipset (northbridge).
Examples :</b>
AMD Barton 2500+ 333MHz FSB(166MHz * 2) <-> northbridge <-> DDR333 RAM (166MHz * 2)
P4C 2.8GHz 800MHz (200MHz * 4) <-> northbridge <-> DDR400 RAM (200MHz * 2)
<b>ASYNC = Different speed on both side of the chipset (northbridge)
Example :</b>
AMD Barton 2500+ 333MHz FSB(166MHz * 2) <-> northbridge <-> DDR266 RAM (133MHz * 2)
Usually people want to go SYNC, since it ensure that the data transferred from both side of the northbridge will not have to "wait" or be queued in buffers. This can degrade performance. But it depends on chipset architecture, some chipsets can handle the speed mismatch with less problems. I know that nForce2 chipset performs well in SYNC mode but have some proble mwith ASYNC mode.
But, for examble, if you have an old CPU and memory and want to get a LOW cost upgrade. You might only buy a new CPU with higher FSB and run your system in ASYNC mode without a problem. But, you would not get all the performance of your CPU, since it would probably have to wait for the memory to catch up.
The best setup is MEMORY speed higher or equal to CPU FSB. So, the CPU, will never wait for the memory.
But don't forget 99% of the time, users tends to keep FSB/RAM speed in SYNC. I will stop there, because we talk a lot about this issue. Because, when you overclock, you often play with the FSB/RAM speed to get the most of your setup. I hope this post helped you understand SYNC/ASYNC issue.
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Would you buy a potato powered chipset?