Dear Experts,
I tried playing with an unearthed and old PS3 when I got this error message. I searched the internet and learned that it was an old error and not sure if it was resolved. I got tired of searching for solutions so I turned to this forum hoping that an expert would help me fix the problem.
Please help. Thanks in advance.
An error has occurred. You have been signed out of PlayStation®Network.
(8001050F)
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Regarding this problem I also did explored the net much and find out that same error take Playstation down on 28 February 2010. Source: http://gizmodo.com/5482365/error-8001050f-takes-down-playstation-network
It seems the network or server is down again for maintenance or may be for serious issues. For those who are worried about this like you that it's a problem with your console, this should put you at ease that it is a server error. So don’t freak out and just report it to its support center. All you need is to keep patience and keep trying until the concerned authorities fix this problem.