Well, appears I was right. My 5 Volt power regulator is failing. I dont think its a dud or anything, I just think its being overloaded. I wonder if I attach a heatsink if it would last longer. I dont know if its simply getting too hot, or if theres too much current going through it. So what makes a good heatsink anyway? Getting a bigger/better power regulator might solve it for now, but I need to have a better solution at somepoint.
I did consider making a stepdown via resistors, and then feeding that into the power regulator, but I suspect the resistors will just heat up. Anyone any ideas?