There being a light on, on the motherboard, literally means nothing whatsoever so for this case and for future reference you want to get that right out of your head. It literally takes almost zero power to light a tiny LED bulb, besides which there are twenty or more different ways in which a PSU can fail and there can be failures on the 3v, 5v or 12v rails, or on one 12v rail and not another one if it is a multi-rail platform, without there being anything substantiall wrong with the other rails in the unit, and still fail to operate properly.
That unit, when new, would be considered "somewhat ok" by todays standards, but was a pretty decent little unit back in 2003 when it was released. But that was almost twenty years ago. There is no way that unit should still have been in use in any system once it was more than five years old.
Dec 17, 2003 by Mike Chin Product Nexus NX3500 “Real Silent PSU” Special Edition Manufacturer Nexustek Sample Supplier EndPCNoise Market Price US$80 Since their entry into the marketplace at the beginning of this year, 120mm fan PSUs have proliferated. They’re still not as common as the standard...
silentpcreview.com
If you want to get this system going again, in light of having to return the system in the other thread we were working on, this is where I'd start. However, given the age of the PSU, if the rest of the hardware is similarly ancient then the best thing if we are being honest would be to simply throw it away and replace it with something MUCH newer, and preferably not used and ten years old already. I understand that you want to keep your investment on this to a minimum but if it's important enough for you to go through all of this for then it's important enough to at least invest a minimal amount of money on with some new low end parts that likely give you far more than you'll get from anything as old as what you've been looking at. In fact, the 6th Gen i5 system from Ebay I recommended in the other thread would be the absolute minimum I'd recommend. Hardware just isn't designed to reliably last beyond five years because by then it is generally not capable enough to perform the tasks most people will require of it anymore. Usually anyhow.
What exactly are the full hardware specifications for this system, just to have a better understanding, and what exactly, is it that you are using it for? Is this going inside an actual arcade machine or what exactly?
You could also do something like this, or at the very least consider the recommended PSU model for attempting to bring the current system back to life:
PCPartPicker Part List
CPU: Intel Celeron G6900 3.4 GHz Dual-Core Processor (£49.31 @ Box Limited)
Motherboard: ASRock H610M-HVS Micro ATX LGA1700 Motherboard (£82.22 @ More Computers)
Memory: Patriot Viper Steel 8 GB (2 x 4 GB) DDR4-3200 CL16 Memory (£31.03 @ Box Limited)
Power Supply: Corsair CX450M (2015) 450 W 80+ Bronze Certified Semi-modular ATX Power Supply (£46.30 @ Amazon UK)
Total: £208.86
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2022-10-10 18:53 BST+0100