Which power supply is failing after 6-8 hours?
Bizman is correct about the caps and it can happen 3-4 years into the life of the hardware. Generally there will be 3-6 caps on the power section of the monitor that have swollen and failed. This happens often enough that it is actually an advantage to buy a quality soldering iron and replace the caps yourself, unless you have five thumbs on your hand. There will also be a larger capacitor on the same board that can bite pretty good, so you have to learn to either drain it, or avoid touching it because the discharge can be really painful. Draining one is basically attaching two probes with heavy gauge wire attached to a high voltage resistor. I would research it on the net rather than take advice off of a BBS< but it's not hard to do.
Total cost will be $12-20 if you buy over-priced parts. Economically you could do it for a few dollars by looking for caps at the wholesale houses online.