I wasn't sure to put this on overclocking or PSU so I just put it here. I built my computer about 6 months ago and it is great http://pcpartpicker.com/user/ThePCNoob2/saved/2Vpa
However whenver I try to overclock more than around 7% my games crash around every 30 minutes, is this is a power supply problem or is there too much heat being generated?
I agree with webuelist, what are you using to overclock?, I would try running furmarks, for an exstended period of time and you can monitor temps and usage, see if there's any patten when or if it shuts off
Yes and No, making something cooler can increase stability, and overclocking head room. But sometimes you have just reached the limit of what you can get stable when Overclocking.