I am making a power supply for the Raspberry Pi I am getting. The reason I am making one rather than using just a standard Micro USB is because I am custom soldering a pcb with a switch to turn on/off the Pi along with a 12v LED to indicate the device is on, and a 4.3 in TFT LCD that is also 12v. Since the LED and TFT LCD I am using both use 12v and the Pi doesnt, I needed to lower the voltage from 12v to 5v so that I can power everything at once with ONE plug. I read up on the the correct voltage to use, which is 5v at 700mA at the least (although some have argued you that barely powers the device and recommend at least 5v 1000mA). My question is, will 5v 500mA work? I have a spare plugin/ car usb charger combo that is AC 100-240v/ DC 12-24v 50/60Hz input to DC 5v 500mA output. I wanted to use this to lower the 12v volts needed for the rest of the project to 5v that is needed for the Pi, however I have no idea if it will work and I dont want to scrap my spare charger if it wont.
Any help/ suggestions/ answers would be appreciated.
Note: If its any help to the above question, I plan to use ALL usb devices through a hub.

