Then it goes back to an issue I have pointed out elsewhere: The BIOS settings (and prolly a dead CMOS battery).
Nope, BIOS is rock solid, even bringing the computer back home it didn't lose anything. I took a photo of each page just in case the battery dies on the return trip, but it seems to be mostly standard configuration.
Btw, I managed to bring back the system online complete with the 2 partitions doing what I did to the VM: I reinstalled Windows NT 4, updated it with the service pack, then I've connected it to a modern computer (this time with an USB adapter I just bought and not directly using an IDE cable), deleted all the files (at least the visible ones, see below*), copied back the files from the backup image and it seemed to boot just fine, the software that matters says it can't find a directory but I'm pretty sure that was on the network so it should work once it's connected again.
I haven't had the opportunity to see if it works with the machinery, but so far it seems promising.
*Here I've noticed something weird, mounting the image file I've created with Macrium I can't see some of the files needed for NT 4 bootloader to work (specifically ntldr and NTDETECT.COM) are missing. And I can't see those files either in WIndows even if I access the drives that are now working. Even enabling "hidden files" it seems that that some stuff is just hidden no matter what. Same goes for accessing the virtual drives, if I attach them to a Linux VM everything is displayed including ntlr etc, but not in Windows. Now that might be common knowledge, but I was still puzzled by that.
When I'm deliting stuff from the Working NT4 install it means I'm just deleting the "visible" files and replacing them with other "visible" files, not sure how many are't actually being displayed (and deleted/replaced), but it might actually be a good thing since it's booting.
And speaking of Macrium, there I might have made a mistake, I didn't check the advanced option and used the default "Intelligent sectory copy" instead of the "Make exact copy" which should be a 1 to 1 clone suitable for forensic examination etc. Now, I'm not sure if the files are present or not in the Macrium image (for sure I can't see them in Windows), but that might explain why the cloned disk didn't work. I say might because it's still suspiscious that the error was the exact same as the one I got from the original drive, so it's possible it occurred before the cloning and that it carried over to the image.
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That said, I'd still relly like to know WTF happened to the original drive, I've now connected it to a linux pc and everything seems to be there (including all the files that might be missing from the image).
I'll now try and see if I can create a proper image to feed to the VM and see if it boots or if it will give me the same INACCESSIBLE_BOOT_DEVICE error.
Another thing I might to reinstall Windows 4.0 from scracth onto another drive and connect it again to the computer that seemingly made the original drive unreadable, just to see if it happens again.
My guess at this point is that somehow the MBR got fckd up, apart from that I really dunno.