I have good news and bad news. The good news is that I may have found the source of the problem. The socket board which powers my computer went kaput. It started sizziling and after a few attempts at switching it on and off the switch burned out. I had to remove the switch and hardwire the sockets to the main power.
And yet again, despite all that celebration and excitment that the issue has finally been settled, what else could I possibly expect? *peeeew* The computer fails again, switching itself off and on, off and on... wanna hear the bad news?
Once the computer settled itself, I logged on and the system began to crash after a few minutes. Everything froze, black screen and a sudden BSOD flashed on for a few microseconds before the reset. I can confirm that the SSD has gone kaput as well. I have changed the sata cables and I have also plugged it to this laptop where I am posting this message from using the usb adapter. The laptop froze too and to conclude everything I'd guess that I have no hope other than spending hundreds of bucks on new and better quality hardware.
That ******n power socket didn't ruin my machine did it?