The good:
Most power supplies do fine with stepwave. From this point of view sinewave is not crucial.
The bad:
One important parameter to keep in mind in power quality issues is the THD or total harmonic distortion. Usually this is expresed as a percentage, and, in a very simplified way, means how bad the wave looks. Well, the stepwave is a sinewave that looks very very bad! And I'm not joking with this. Every electrical wave is an addition of component waves (all sinewaves) of the same (fundamental harmonic) and higher (higher armonics) frequency. So, to make it simple, a stepwave is an addition of a fundamental 60 Hertz sinewave and a lot (and I mean A LOT!) of harmonic waves. This is called DISTORTION.
The ugly:
Even if stepwave is not a problem on its own, it is one half degree toward entropy. If your budget is not an issue (I know, budget is always an issue) sinewave is better and won't add any additional disturbance (electrical in this case) to the system.
I hope it helps. Sorry for my english!
Jose.-
pm@pablomir.com
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Pablo Mir
pm@pablomir.com