As the title says, for £50. Is it worth it?
Yes, if all else fails send it in to Sony for a cheap replacement.
I got one with the red light for £30 to fix up and play Journey. I did the reflow thing on the GPU with a heatgun a few times to bring it back to life. It was fine for the first week but now on a cold boot it'll red light on me a several times. It's almost like an old banger that needs the ignition turning a few times before it'll start properly. Once it does boot up I can play for hours without it crashing which makes me think there's some weird sensor problem when it cold boots.
If you're okay with opening it up to mess with the insides then I say go for it.
I tried formatting it and it's still not reading, Sony say that i need to send it into to them. Is there anything i can do? Maybe do some blu ray cleaning or something?
It's not worth doing that in the UK. You can currently get a 160GB PS3 with GT5, 3 months LoveFilm and some free Real Triggers for £160 at Amazon, so it's not worth paying £50 for a knackered PS3 and £128 to Sony for a refurb.Yes, if all else fails send it in to Sony for a cheap replacement. I have a friend who buys YLOD PS3's from people and just sends them back in for new ones from Sony. His latest PS3 this way cost him $5 to buy broken and $100 for the new one from Sony. Not a bad price
Formatting and not reading? Blu ray cleaning? Sounds like you were in over your head from the start. Send it to Sony.
Does it not read ANY discs, including DVDs, or just games & Blu Ray discs?
You just need to replace the lens on the Blu-ray drive and it's quite easy to find a "new" one on eBay. Look up tutorials on Youtube to see if it's something you'd be comfortable doing yourself.
I replaced it on mine but then got the YLOD a couple months later.
Yes.
I swear next gen i want fucking reliability more than anything.
But you bought the broken PS3...