Open your Xbox again, remove the motherboard and take off the heat sinks.
Clean the heat sink compound off of the the CPU, GPU, and both heat sinks using 91% alcohol. The CPU & GPU should be as shiney as a mirror when your finished.
The next step is to apply Artic Silver 5 Thermal compound to both processors using just enough to cover the processors, then put your system back together again and give it a try.
If it still doesn't work you may want to try to find someone who knows how to do a reflow. If you go this route, becareful who you choose. Ask for referrals and most importantly, ask for a picture of the equipment they will use to "attempt" to fix your Xbox.
If you get a picture of a standard Heat Gun... find someone else.
Be aware that even after a reflow, your Xbox is still subject to failure again. Microsoft can't even fix them permanently.
You're already familiar with opening your Xbox and taking it apart so you may want to consider learning how to do a reflow yourself.
There's also the option of buying a new Xbox but there's a good chance you'll still be facing another failure in the future. the difference will be that the new Xbox will be covered under warranty for a period of time depending on the problem.
I've heard that new consoles with a Jasper cpu tend to be more reliable but I've not seen any scientific data to back up this claim.
Good luck, I'm in the same boat with 2 broken and have decided to buy a reflow station to repair my own instead of paying Microsoft.
If you think this information is helpful to you, please take a few minutes to rate this reply.
Was this helpful?
Yes
No
3 people thought this was helpful
Asker's Testimonial
"
Thanks, I have everything I need too fix it lol. I just want to sell this one so I can get a better one. Mine is a older release one. Thanks lol.
" - 4parchers
mine does the same asks for me to open tray all you have to do is turn it off, turn it on its side...
(More)
mine does the same asks for me to open tray all you have to do is turn it off, turn it on its side or vertically up which ever is opposite to what positions its in now, turn it back on with no disc inside, open tray and put the disc back in and it should work fine :P hope that helps