Somebody suggested passing this into the kernel line
init=/bin/sh rw
that caused this error
Failed to execute /init (error -8 )
and another kernel panic.
I had a similar problem a while back with an ASUS Z97-A mobo where the content on the USB-stick would get
corrupted. I managed to fix this by turning off USB 3.0 mode in BIOS, then I had to reinstall the OS to the USB stick.