What To Do If You Have An Nvidia GeForce GTX 1080 Or GTX 1070 From EVGA
Thankfully, EVGA has acknowledged the issue and has already implemented changes to the production line. Namely equipping all of its future graphics cards with VRM thermal pads to combat the issue. The company admitted that the lack of VRAM & VRM cooling was an oversight and has promised to honor warranties.
It is currently offering existing GTX 1080 and GTX 1070 owners a VRM thermal pad kit for free, which you can get here. Alternatively, users have the option to return their graphics cards directly to EVGA in exchange for a card with the thermal mod already installed.
In the meantime, if you were planning to buy any dual fan GTX 1080 or GTX 1070 from EVGA we would advise you to hold off that purchase until new units equipped with the thermal mod are rolled out. We would highly recommend that all existing EVGA GTX 1080 and GTX 1070 owners opt for the thermal mod as soon as possible to avoid any hardware damage.
TLDR; EVGA 1070 and 1080 cards with the ACX 3.0 cooler (the one with 2 fans) can catch fire due to VRMs catching fire. You can request to have a thermal pad mod kit sent to your house, or swap your card for one with the mod already installed. New Cards are being shipped with the issue resolved. Warranties will be honored.
I'm not sure what happens if the card damages other hardware.