First Gaming PC

[Diechewood4]

I am currently building a gaming PC and I wanted to know what all of you thought about my specs.
I'm trying to keep my budget to less than $850.

• 
  GIGABYTE GeForce GTX 1060 DirectX 12 GV-N1060XTREME-6GD 6GB 192-Bit GDDR5 PCI Express 3.0 x16 ATX Video Card
  
  WD Blue 1TB Desktop Hard Disk Drive - 7200 RPM SATA 6Gb/s 64MB Cache 3.5 Inch - WD10EZEX
  
  Thermaltake Smart Series 500W SLI/CrossFire Ready Continuous Power ATX 12V V2.3 / EPS 12V 80 PLUS Certified Active PFC Power Supply Haswell Ready PS-SPD-0500NPCWUS-W
  
  Ballistix Sport LT 8GB (2 x 4GB) 288-Pin DDR4 SDRAM DDR4 2400 (PC4 19200) Desktop Memory Model BLS2K4G4D240FSE
  
  GIGABYTE GA-B250M-Gaming 5 (rev. 1.0) LGA 1151 Intel B250 HDMI SATA 6Gb/s USB 3.1 Micro ATX Motherboards - Intel
  
  Intel Core i5-7500 3.4 GHz
  
  DeepCool TX Mid Tower TESSERACT SW

 

[Aeacus]

Thermaltake Smart series PSU is low quality (Tier four) PSU,
PSU Tier list: http://www.tomshardware.co.uk/forum/id-2547993/psu-tier-list.html

For proper PSU, aim towards good quality (Tier two) PSU, preferably great quality (Tier one) PSU if you can afford it.

Anything from Seasonic will do, e.g M12II-520 EVO or G-550 (both are Tier two units),
pcpp: https://pcpartpicker.com/products/compare/TgW9TW,DPCwrH/

Other than that, your build looks good and you're looking towards high/ultra settings @ 1080p with solid 60+ FPS.

 

[Diechewood4]

Is the CORSAIR VS Series VS500 (CP-9020118-NA) 500W ATX12V / EPS12V 80 PLUS Certified Active PFC Power Supply good?

 

[Aeacus]

No. Corsair VS series is also low quality (Tier four) PSU.
You did look the PSU Tier list, right?