However, in many cases the PS3 just doesn’t stay powered on long enough with the blinking red light issue. Once you have taken the PS3’s hard drive out, use the adapter to connect it to your computer. Often times, the PS3 flashing red light problem is caused by poor ventilation within your gaming console due to buildup of dust within the system. The vents on the PS3 allow the fan to draw cool air from the outside, and blow the hot air from the inside. While its generally a straightforward approach to cleaning out the dust, you will immediately violate your warranty by opening up your console to attempt repairs yourself.
Remove the hard drive – Remove the HDD cover on the left side with a star screwdriver then pull the hard drive straight out, set aside. Uncover the top shell by removing the panel – 9 screws will need to be taken out with your screwdriver to reveal the innards.
Since you’ve gone to the trouble of removing each individual component, go to the trouble of cleaning them!
Replacing or fixing the thermal paste is a drastic measure, but one that often needs to take place.  Reheating the thermal paste to get the smoldering flow back in action like many Youtube videos show may allow the heat distribution to improve, but fully replacing the paste is the best option. If you have done all the things above and your PS3 is still shutting down and showing you the flashing red light, you might have some hardware failure.
Hard Drive: If you were able to transfer your files from the hard drive and onto the computer, chances are that your HD is fine.
Disc Drive: A good way to troubleshoot a faulty disc drive is to play a game that requires no disc at all. You wake up and head downstairs, making yourself the perfect coffee and settling into your favorite chair. Your computer should recognize that you have plugged something in and it will download the appropriate drive.

You’ll want to focus on all the vents that lead into the console as well as the heat sinks on the motherboard. Blow off each part with compressed air, and use a safe alcohol cleaning solution to rub down the parts you’re comfortable with.
However if you wish to rule it out, reformat it and download the latest PlayStation operating system onto it. You grab your PS3 controller and power up, ready for an epic day of gaming, only you’re met with a black screen.
As long as you don’t see the yellow light of death, or the YLOD, your Playstation 3 console still has a little life left in its old bones. Backing up your hard drive saves all your information and allows you to rescue all of your hard work. Once installed, you will be able to navigate within the file system of the hard drive via your file explorer. To get more technical, your PS3 is not getting a sufficient amount of air flow to cool down the graphics chip. This will draw any electricity from the PS3 – we don’t want any electrocutions or shorts.
Seeing as these are the easiest entrance points for dust, its imperative that you clean every single vent you fine in order to remove any dust. I also like to spray CRC Quick Dry Electronic Cleaner on all the ribbon connections while I have the console open.
If this did not fix the  PlayStation 3 flashing red light issue, proceed to the next option.
Try the steps above to first clean, then replace thermal paste if that doesn’t work BEFORE troubleshooting the hardware. Your PlayStation won’t turn on, and a flashing red light signals the end of the road for your beloved console, or does it? The YLOD won’t even allow your PS3 to power up, signaling permanent damage to the motherboard due to overheating.

If your PS3 is in fact dead, you want to make sure at least your hours of hard work is safe. Sony has a built in alarm system that notices this and shuts down the console before the GPU is damaged. Blowing compressed air is often enough, but if you want to take it one step further use a cleaning alcohol on a swab. Do not put your saves onto it just yet, this will show you if you may have corrupt data that is causing an issue.
To see if it is working at all, hold your hand near the vents to feel if any air is being blown out. As long as you can get your PlayStation clean and the air flow working again, chances are you’ll stop the overheating and get back to gaming!
Learn how to deal with this notoriously annoying PS3 flashing red light error in these easy to follow steps below. This will pick up any unwanted reside while also sterilizing the system, making it harder for dust to reappear. You want perfect contact between the chips and the heat sink so the heat is transferred efficiently.
It’s letting you know your PS3 is overheating, and therefore close to the point of no return.
Personally I use the Sanoxy Adapter Converter Cable as it allows me to plug in different types of hard drives and it is very cheap.

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