@Declan Yes most likely a faulty / dying PSU. The output voltage of PSU must have drop much below 12V but still above 5v, which would explain why the system still power up.   By any chance you have a voltmeter ? Could you measure DC voltage on molex power connector shown on photo below?       Expected measured value, on 5V rail: 4.90 V - 5.20 V on 12V rail: 11.90 V - 12.5 V   If 12V is outside that range, that means the power supply is faul