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You fried your motherboard, prolly not the cpu, but the board itself is toast. I'm betting on a power capacitor. P2 & P3 motherboard were built with a mess load of faulty capacitors.
Basically what is happening is the power is flowing to the capacitor and as soon as it has a load put to it, then it shorts out. If you continue to mess with it, it'll eventually explode and then you'll have a hell of a mess.
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