Running a 3070 with a mid-range 550W pw supply is just asking for a problem. You are 100W below minimum spec on the pw supply. Here is the spec sheet for a 3070;
GeForce RTX 3070 Family | NVIDIA
If you have been running like this for some time, it is not surprising the pw supply failed. Running below minimum spec on a pw supply is analogous to running the engine in your car at full throttle all of the time. How long do you think it would last?
Personally, I never go with min spec on anything. If this were me, I would be installing a 700~750W high end pw supply.
GeForce RTX 3070 Family | NVIDIA
If you have been running like this for some time, it is not surprising the pw supply failed. Running below minimum spec on a pw supply is analogous to running the engine in your car at full throttle all of the time. How long do you think it would last?
Personally, I never go with min spec on anything. If this were me, I would be installing a 700~750W high end pw supply.