This will be a thread about impedances and audio transformers, particularly vacuum tube output transformers.
I'm going to treat the transformers as two-ports: https://en.wikipedia.org/wiki/Two-port_network
That page is full of high-powered math, but it's not necessary to get very deep into it.
Most modern methods of connecting audio components use bridging rather than impedance matching, but OPTs are one thing where impedance matching is necessary, and therefore interesting. In this case the goal is to achieve a simultaneous impedance match at both input and output. This leads to an interesting situation. I'm going to illustrate this with a very simple two-port consisting of two resistors; it's just a simple L pad with no particular purpose other than serving as an example:

This is shown using the usual convention of input on the left and output on the right. We can easily calculate the impedances of each port with nothing connected to the other port (the self impedances). The input self impedance is 900 ohms and the output self impedance is 500 ohms. The goal here is to have the two-port connected between a signal source on the left having some source impedance, and a load impedance on the right such that there is a simultaneous impedance match at both ports.
Let's start by connecting a 500 ohm load to the output port. Since the output impedance of the two-port is 500 ohms to start with, we have an impedance match.
Now on to the input port. We know that the input self impedance is 900 ohms we might think that a 900 ohm source impedance signal source would give us the desired match. But no! Connecting the 500 ohm load to the output has changed the input impedance of the two-port to 650 ohms (500 ohm load in parallel with the 500 ohm internal resistor giving 250 ohms, then in series with the 400 ohm internal resistor). OK, so connect a signal source of 650 ohm impedance to the input and we will have a match.
So, first we made a match at the output port and now we have a match at the input port; that's a simultaneous match at both ports, right? Wrong! The connection of a 650 ohm source impedance at the input port changed the output impedance of the two-port. The output impedance is no longer the 500 ohm self impedance; it's now 338.71 ohms and the 500 ohm load no longer provides a match. OK, then change the load to 338.71 ohms and that will restore the output match. But just like already happened at the input, changing the load impedance also changes the input impedance and we lose the match we just had at the input!
This is discouraging; does it never end? Is it not possible to achieve a simultaneous match? There is a light at the end of the tunnel. Continue this back and forth for many times and here are the various values of impedance that provide a temporary match at each step:
Output impedance 500
Input impedance 650
Output impedance 338.71
Input impedance 601.92
Output impedance 333.55
Input impedance 600.08
Output impedance 333.34
Input impedance 600.003
Output impedance 333.334
Input impedance 600
Output impedance 333.333
We're in luck! The process converges! So if we apply a signal source of 600 ohms impedance to the input and a load of 333.333... ohms to the output will we have a simultaneous match at both ports? Yes!
Let's check it out. The 333.333 output load in parallel with the internal 500 ohm resistor gives an equivalent resistance of 200 ohms, which in series with the internal 400 ohm resistor gives 600 ohms for the input impedance; that's equal to the signal source impedance of 600 ohms. Oh happy day so far!
The input source impedance of 600 ohms is in series with the internal 400 ohms, giving 1000 ohms. That combination is in parallel with the internal 500 ohm resistor, giving 333.333 ohms, which is equal to the load impedance of 333.333 ohms.
We have a simultaneous match to the two-port!
How does this apply to audio transformers? Stay tuned!
I'm going to treat the transformers as two-ports: https://en.wikipedia.org/wiki/Two-port_network
That page is full of high-powered math, but it's not necessary to get very deep into it.
Most modern methods of connecting audio components use bridging rather than impedance matching, but OPTs are one thing where impedance matching is necessary, and therefore interesting. In this case the goal is to achieve a simultaneous impedance match at both input and output. This leads to an interesting situation. I'm going to illustrate this with a very simple two-port consisting of two resistors; it's just a simple L pad with no particular purpose other than serving as an example:

This is shown using the usual convention of input on the left and output on the right. We can easily calculate the impedances of each port with nothing connected to the other port (the self impedances). The input self impedance is 900 ohms and the output self impedance is 500 ohms. The goal here is to have the two-port connected between a signal source on the left having some source impedance, and a load impedance on the right such that there is a simultaneous impedance match at both ports.
Let's start by connecting a 500 ohm load to the output port. Since the output impedance of the two-port is 500 ohms to start with, we have an impedance match.
Now on to the input port. We know that the input self impedance is 900 ohms we might think that a 900 ohm source impedance signal source would give us the desired match. But no! Connecting the 500 ohm load to the output has changed the input impedance of the two-port to 650 ohms (500 ohm load in parallel with the 500 ohm internal resistor giving 250 ohms, then in series with the 400 ohm internal resistor). OK, so connect a signal source of 650 ohm impedance to the input and we will have a match.
So, first we made a match at the output port and now we have a match at the input port; that's a simultaneous match at both ports, right? Wrong! The connection of a 650 ohm source impedance at the input port changed the output impedance of the two-port. The output impedance is no longer the 500 ohm self impedance; it's now 338.71 ohms and the 500 ohm load no longer provides a match. OK, then change the load to 338.71 ohms and that will restore the output match. But just like already happened at the input, changing the load impedance also changes the input impedance and we lose the match we just had at the input!
This is discouraging; does it never end? Is it not possible to achieve a simultaneous match? There is a light at the end of the tunnel. Continue this back and forth for many times and here are the various values of impedance that provide a temporary match at each step:
Output impedance 500
Input impedance 650
Output impedance 338.71
Input impedance 601.92
Output impedance 333.55
Input impedance 600.08
Output impedance 333.34
Input impedance 600.003
Output impedance 333.334
Input impedance 600
Output impedance 333.333
We're in luck! The process converges! So if we apply a signal source of 600 ohms impedance to the input and a load of 333.333... ohms to the output will we have a simultaneous match at both ports? Yes!
Let's check it out. The 333.333 output load in parallel with the internal 500 ohm resistor gives an equivalent resistance of 200 ohms, which in series with the internal 400 ohm resistor gives 600 ohms for the input impedance; that's equal to the signal source impedance of 600 ohms. Oh happy day so far!
The input source impedance of 600 ohms is in series with the internal 400 ohms, giving 1000 ohms. That combination is in parallel with the internal 500 ohm resistor, giving 333.333 ohms, which is equal to the load impedance of 333.333 ohms.
We have a simultaneous match to the two-port!
How does this apply to audio transformers? Stay tuned!
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