Error 80010515 is more prone to happen within the first few months within a PS3 life, but it can occur into a years worth of service as well. According to gamerevolver, the error is not in the hardware, but in the firmware instead. A simple restart won't reset the firmware so the problem can always still exist.
Gamerevolver also has some simple ways of maybe keeping the error away, such as just keeping the dirt of the console to prevent over heating.
The error in question is mainly seen within the first month of use, or to put it bluntly, it has the error right out of the box, however, we have seen this occur at almost a year into service as well. Our particular error occurred shortly after installing a new game we had purchased off the PlayStation Store.
The Error reads as follows:
"An error occurred during the start operation. 80010514"
Since this error occurred, we obviously contacted Sony Support. We were informed that the code is not common, and a simple reset of the system, and restoral of factory settings should do the trick. Unfortunately, after the restoral, the error still occurred. So, we dug a bit further, and this is what we found.
The error code is actually one of two things, a) a faulty sector on the internal hard drive, or b) a faulty installation of software/firmware, both iterations actually coincide with eachother. If the hard drive suffers a faulty sector ( a section of damaged space on the drive that data may have been written to that no longer is readable), an installation may still be processed, and even work, but the error can cause some serious side effects, such as option b. If your PS3 has installed an item incorrectly, including firmware, it is in high risk of receiving this error.
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Why would that do anything if it's firmware related?
I've never even heard of this error.