If each rail supports 20A you'll be fine BUT YOU MUST power one card with each rail. The CPU 8 pin connector is one rail and the rest are the other, you'll have to cut off 1 6 pin PCI cable from one rail, cut the two 4 PCI cables plugs off and wire them into the 6pin.
MOST CHEAPER POWERSUPPLIES USE RAILS AND YOU MUST SEPERATER THEM
SEPERATE
THE
RAILS.
Jump green wire to black wire to turn on Powersupply.
HAVE I MENTIONED THAT YOU HAVE TO SEPERATE THE RAILS?
Oh by the by SEPERATE THE DC RAILS.
It is REALLY EASY to seperate they but.. YOU MUST SEPERATE THE DC RAILS, ON RAIL PER CARD(SIDE)
Just get a good PSU. If you need something cheap but still high quality, there's the EVGA Bronze, its like 40$. Its not recommended because it is not Gold or higher efficiency but at least its reliable and has a 10 years warranty.
Also the EVGA's power rating are Very conservative and is set for efficiency in mind. The real limit of an EVGA to be run 24/7 safely is very close to its rated limit on paper.