www.makemkv.com

New update again :D I finally figured it out. The problem was with my USB-controller driver. So I went into device manager removed the driver for both my USB-controllers, and restarted my pc. I also ran the usb connection from the ICY BOX through my USB 3.0 to USB-C adapter. That did the job for me,...

Update:
I have now been ripping 4-5 of my blurays successfully. The issue seems to be happening with a few blurays and most of my 4k blurays.

How will i be able to determine if it is an icy box fault?

It is using Icy box power adapter. Now I'm trying your advice with a different adapter. Testing right now.

It has been running for 5 minutes now without the drive. No discconnects yet.

So I bought yesterday LG BH16NS55 and RaidSonic ICY BOX IB-550StU3S. I flashed it to BD-RE WH16NS60 patch 1.02 It worked perfectly no issues all day.
But now it keeps connecting/disconnecting every other second.
Any suggestions on what to do?