I haven’t heard many case of the red rings on the newest Xbox 360, but that is probably not the version you have at the moment. You are looking for a Xbox e 74 fix aren’t you? Well I can help push you towards your goal. I am going to let you in on your options, as well as how you can prevent things like this from happening in the future.
Let’s get started on what you have probably done already. I’m sure you have already:
1. Unplugged all wired and re-attached them
2. Took the hard-drive out and put it back
3. Might have done the towel trick once or twice
Now these are common, and if you still have to look for a Xbox e 74 fix after you did the preliminary tasks, professional help is needed. The only 2 options that I know of and one is to pay someone ungodly amounts of money to fix it, wait 2 months to get it back with no customer service. The other option is to fix it yourself for under $50. Now Fixing it yourself is not simple, but it is easy. You would need to find a guide of some sort, because you will need to open that bad boy up and strip it down to the motherboard.
Don’t be scared about doing this as you will be educated on doing the task the right way every time. Please don’t try to get in there without guidance as I know a number of folks that have tried and failed miserably. Take time to look around for proper guides, make sure there are videos and a manual.
The reason your Xbox is in jeopardy is mostly because of overheating. When a Xbox 360 is not properly ventilated it will produce a huge amount of heat which will ultimately warm some of the inside. It is suggested that you make sure not to put your Xbox in closed areas where it cannot breathe. I know it is just a machine, but this is required unless you would like to go through another set of red rings.