BSOD error 0xF78A2524 when starting up (Windows XP on a USB thumbdrive)

Basically I had the same error as the one on this topic: BSOD "STOP 0x0000007B" after installing WIndows XP on external HDD

The link on the answer is dead and I can't find it on Google's cache either.

I'm installing Windows XP SP3HP USB Disk Storage Format Tool on a USB thumbdrive (connected to the back panel), and have gotten through the text mode setup (after hours of Googling and trial-and-error). The BSOD shows up after the reboot, and I can't get past it. Is there anything else that I can try (other than using a HDD for the OS)?

Hardware

• Intel Pentium E2200
• Gigabyte G31M-ES2L
• 2 GB Kingston DDR2 RAM
• 4 GB Sandisk Cruzer Blade (FAT32, formatted with HP USB Disk Storage Format Tool)
  No HDD is attached to the motherboard

Things I've tried

• Modifying USB driver files
• Modifying ntdetect.com
• Disabling on-chip SATA mode

If you don't need the full Windows desktop but just need to run a couple utilities, it might be better to just create a Windows 7-based "WinPE" installation on your USB disk. You need to download and install the Windows AIK, and here's a Microsoft KB article on the exact steps involved.

If you really need Windows XP for some reason, you might have better luck using BartPE instead.