Hey guys, Have you checked the Nvidia Control Panel? There may be a clue there. If the Oculus software shows that everything is plugged-in correctly, my best guess is the issue comes from the software side, so... check the Control Panel and see if you can find any setting that helps (like, any "high-performance mode" or something related to the Rift).
Same here on CV1. I think it's shoddy wiring on the cable that connects into the headset. About an hour after I started using it it went bad. I pushed lightly on the cable where it goes into the top of the headset and it started working again. It was fine for a long time after that (several months). Just now, however, I pulled on it *very* lightly by accident and it shut off mid game. Wiggling the cable and pushing it in gently is not fixing it this time. Orange light. With my set, if you so much as breathe on the cable it loses connection.
They shouldn't be hassling folks about reinstalling software and all this nonsense. I'd bet anything it's just some shoddy soldering or something along those lines at this one point on the headset. They need to solder it, weld it, then bolt it. That connector needs to be seriously strong.
I had a DK2 for a long time and that thing was solid. If anyone from Oculus is reading, do whatever you did for the connector there. That thing could take abuse.
Im having the same issue. Worked fine for months, suddenly orange light, audio, no video and Oculus app says everything is ok. Its a real shame, VR is an emerging tech already, is having a hard time catching on, and Oculus support goes out of their way to make it even more difficult and frustrating for early adopters with their lack of helpfulness and long wait times for assistance.