What to do with an aging Playstation 2? Hack it and make backup copies of all your games, of course. When the read laser finally dies, the games can still be played!
Disclaimer: For personal backup purposes only, etc.
I happened to have an ActionReplay Max for PS2
I also happened to have some original playstation games, so I went with the independence exploit method of installing Free McBoot
I had purchased a PS2 network adapter from the local gamestop when they were almost giving them away and I have spare IDE hard drives, so I’m using HDLoader to store my games. I like its interface better than Open PS2 Loader.