I have had the same problem occur twice now within 3 months. The first time it happened, the problem seemed to solve itself somehow and everything worked again; however it happened again last week and is still happening now. I have tried all the solutions i could find on various forums/pages and nothing works, have even tried reseting the console back to factory settings using a wireless keyboard (which also stops working after 3-4 mins of being connected to the console), which again hasn't solved the problem of the controller flashing light/dying issue. If the only viable solution/the best advice is to buy another PS4 then i'd rather reconsider wether its worth owning a PS4 at all, as its a bit of a steep purchase to have to make repeatedly, and the Xbox One S is a cheaper/more reliable replacement according to folk i've spoken to about this.
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