peachpie85, The fact that your player works fine when connected to USB and drawing power from your PC but does not when disconnected is a sign of battery failure.
The hour glass flashing is the player trying to boot detecting low power and shutting down then trying to boot again etc.
This may have caused corruption of the file system on your player which is why you may be getting disk error messages. The player is trying to access the memory and because of the corruption it can not.
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