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LOVEoo said:
Well, I didn't buy it at launch but I bought it off my friend and he did. It's beat up and its loud as fuck...but it works.

Sounds like it may not be working for much longer. Fans running at high speed typically means the chipset is overheating and the fans are trying to compensate.

If you were to disassemble the console and remove the heatsink, you would probably find that the factory TIM has completely dried up. And you'd probably also find a lot of dust bunnies/debris clogging up the HSF and inside the casing if it's never been cleaned out properly in the last 4-5 years. 

That's exactly what my original PS3 started doing in the months just prior to when it gave me the YLoD.