restorer-john
Grand Contributor
For some reason, power cycling is when most of these devices fail.
Very common.
SMPS supplies contain capacitors which, as they age, their capacitance decreases and the ESR (effective series resistance) increases.
The crazy thing is, if you keep a failing capacitor warm, its ESR actually stays low (decreases) up to a point. As soon as you turn off the supply and it cools, the ESR skyrockets, the capacitance is low and the SMPS wont function well enough to supply the downstream circuitry. Often so much instability the unit fails to startup or even function at all.