The symptoms suggest capacitor trouble, the power rails are failing and resetting in a cycle. I doubt it's the blue capacitor though, the most likely suspects are C10, C12 and the black capacitor between T1 and the "Pb" (Lead free) logo. It's reference is obscured so I can't see it clearly. They degrade over time and the board manufacturing date is 7 years ago so they are all due for replacement. They are inexpensive and it would be wise to replace all three at the same time.
Brian.