I tried with the Senn HD650 and the hiss is gone. And I can easily push to 30/32 volume steps on full headphones. That's basically the hint that pointed me towards the attenuator.
Thanks for the suggestion, but the EarBuddy is around $30 and iEMatch is +$100, which would be a bit too much for this player. I was looking for some cheap attenuator (~$5) with just a resistance in them... I remember seeing them several years ago on ebay, but I can' t find any right now
But being a low voltage player, wouldn't this be a perfect match for sensitive iems (e.g. full BAs ones)? That's the thing that gets me confused: I planned to use this player with sensitive iems, and now it seems I need to use it only with full headphones
The hiss has nothing to do with power or voltage.
The hiss is usually do to higher output impedance or bad circuitry
From memory
More then 1ohm will make b.a. drivers sound off
Anything above that can ad a hiss to very sensitive iems
Anything above 10 ohms will affect sensitive dynamic driver
Andy thing above 20 start to colour all low impedance dynamic drivers
So if you want to make sure you don't colour sound, find sources with less then 10 ohms
And if you plan on sensitive iems and b.a. drivers
Look for an out put of 1 ohm or lower
Most manufacturers today avoid stating these things, mainly because it's a lot cheaper then actually hiring engineers to fix the issues, seeing as you are expected to replace what ever you buy in 1.5 to 2 years (thanks apple for there revolutionary planned obsolescence) and it may take a lot of money and time for the engineers to fix, so instead, they follow dac manufacturers specs, double down on marketing (like sending a bunch of reviewers there product, sometimes even sending other gifts, as long as it's not cash, then it's still not a "paid" review) so in the end, we, the consumer are told by all the reviews, that every player is awesome, of course one is trash, but the majority are the best ever, but there is a slight hiss (not ideal out put impedance/bad circuitry/amp stage) but the sound is so juicy, and the bass is solid, but not too much rumble(sub bass roll off) or the highs are gentle (treble roll off)
Best advice I have heard here on headfi is this,
"if you don't love it as soon as you hear it, no amount of burn in or modifying will make it better"
So if it isn't working for you, sell it before it loses too much value