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Install Virtualbox on Windows 8 causes a BSOD

Trying to install Virtualbox on my latest Windows 8 machine, the result was always the same, a screen like the one below:

The error message is irrelevant, if you google for it you’ll get mostly useless rants. The cause for my problem as well as the solution was to enable hardware virtualization support on the BIOS setup:

Hope this helps someone.