Factory Reset

This guide is if you just got a used console, and want to get rid of the current user data to start fresh without reinstalling firmware.

Resetting from Safe Mode

1. Boot into PS4's recovery settings by turning off the PS4 and holding the PS4 power button until it beeps 2 times. Recovery mode should look like this:
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1. Once in Safe Mode, choose option 6. Initialize PS4
2. Press OK, YES, NEXT or ACCEPT to any additional options.
3. The PS4 will now clear the user data from the HDD and start fresh.
4. REMOVE ANY ETHERNET CABLE AND/OR SKIP WI-FI SETUP. Keep everything offline during and after setting up your PS4 if you want to retain access to jailbreaks.
5. After setup, navigate to Settings > System > Automatic Downloads. Uncheck Featured Content, System Software Update Files, Allow Restart and Application Update Files.

If you are on a jailbreakable firmware, you can go to the Getting Started page in order to determine the best jailbreak information for the current firmware it has.