How old is the topower 500W PSU? What is the exact model number of that PSU (i.e. topower had more than one 500W model)?
Try a different (i.e. better quality) PSU.
For a system using a single Radeon R7 260X graphics card AMD specifies a minimum of a 500 Watt or greater system power supply. The power supply should also have a maximum combined +12 Volt continuous current rating of 26 Amps or greater and have at least one 6-pin PCI Express supplementary power connector.
Total Power Supply Wattage is NOT the crucial factor in power supply selection!!! Sufficient Total Combined Continuous Power/Current Available on the +12V Rail(s) is the most critical factor.
Overclocking of the CPU and/or GPU(s) may require an additional increase to the maximum combined +12 Volt continuous current ratings, recommended above, to meet the increase in power required for the overclock. The additional amount required will depend on the magnitude of the overclock being attempted.