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"and I smelled a bit of smoke"
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Smelling smoke is never a good thing. Once you've let the smoke out of an expensive electronics device, it's , uh , toast.
Smoke follows an inverse function. That is, the more expensive the device, the less smoke you have to let out to fail the device. One the other hand, the more smoke you let out, the more severe the problem.
Now, the other aspect of this problem, is the EPA. Once you've "let the smoke out" of a device, you have committed a crime per the various and sundry EPA pollution regulations, and it is IMPERITIVE, that you immediately contact the US EPA as well as the state and any county or city regulatory agencies, to make sure you remain in compliance.
Also, you may be now affected with toxins. It is essential that you now get yourself down to medical facilities who are qualified to deal with this situation.
Anytime you smell smoke, not goot. You probably fried BOTH the memory and something on the motherboard. If you happen to have any memory that you don't have much money in, it might be worth it to use that "good" stick to test the motherboard.
On the other hand, there is NO WAY that I'd stick the suspect RAM into a different motherboard.
If you test the motherboard with some known good RAM, and it won't work, I'd just assume that BOTH the original RAM and motherboard are bad, and trash them.
You probably can save the processor, though, it should be OK, as well as most any cards and other "plug in" devices.
Let this be a lesson: be careful, and don't let out the smoke.