I have myself an Antminer S1, overclocked to 200 Gh/s.

I think it is overheating. The chips on the fan side are pretty hot, but I can touch them without it hurting. The chips on the opposite side are so hot that I can only touch them for about a second before it burns. From this side image (https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoinmalaysia.com%2Fwp-content%2Fuploads%2F2013%2F12%2FIn-Stock-Bitmain-AntMiner-S1-180Gh-s-2.jpg&t=537&c=EIKKbM4jYKz2gg), you can see the pins in the center that I think are holding the heat sink on the opposite side. There is a grey paste oozing from them; I think it is thermal paste.

It has been running two days straight now, and the room temp is about 70F to 75F.

What is going on here?