could be several problems the first is a possible bad power supply.
secondly it could be the wiring for your buttons are backwards after unplugging your computer check the connection of your power button + and - you can switch them to test if it doesnt light up at all then unplug the machine again and switch them back.
Also in the matter of your 8x graphics mode this may simply be your bios settings make sure you know what memory buss frequency your graphics card operates at and change it appropriatly,check if the correct voltage is set.
core speed is important never over clock the voltage unless your sure that it will be stable as this can burnout your graphics card.
In certain cases ive up'd the voltage on video cards and made the system more stable but thats your call.
If the power supply isnt functioning correctly it will cause random reboots,additionally it may not be providing enough power to your graphic card to operate 8x.