cheap psu usually are bad, because they dont reach the wattage specs listed in them when they are on a full load, in short low efficiency, all psu really cannot give 100% of all that wattage rated in them because there are always a wasted power, for example for a psu rated 600w, a bad psu has low efficiency so it will only produce 300-400w and the remaining 200-300w is wasted power, unlike those good psu usually rated "80plus" efficient can produce more, like 480- 550w power. many factors, but that one makes a good or bad psu.