Is it bad? Depends on what you are defining bad as. It's crazily wasteful, in that your efficiency is like 40%, but it won't harm your components or anything.
Newegg is selling an Earthwatts 380W for $25 AR, that's pretty darned cheap for a decent PSU, though it will only fare a bit better in terms of efficiency than a 500W.
Newegg is selling an Earthwatts 380W for $25 AR, that's pretty darned cheap for a decent PSU, though it will only fare a bit better in terms of efficiency than a 500W.