How To Solve Play Station 3 Error Code-80010514 (faulty Installation Or Sector)

Hi gamers,
I was recently playing “The Shooters” on PS3 and suddenly got a play station 3 error code-80010514 error message on the screen “An error occurred during the start operation (80010514).

I tried every possible solution I could but nothing worked for my system. Even tried contacting Sony for the same but they are also not able to solve it and asking for 150$ for it (still not sure if it would get fixed). Please help!!
