I've had my G3 for 1.5 yrs and I've been have an issue with the wifi adapter turning itself off for a couple months, but it wasn't until a few weeks ago that the screen crapped out on me. After a couple weeks of struggling with the screen, I ended up baking my phone as well. I got a Leon for sale at $50, just in case I accidentally bricked it in the process. As hesitant as I was to buy another LG smartphone after this fiasco, the price was good, so I sprung for it anyways. But back to the baking:
Took the motherboard out of the phone (For those of you unsure as to how to remove the motherboard, I'd suggest googling "LG G3 Motherboard Replacement." There's a video on Youtube that shows you how to do it.). Preheated the oven to 325 F for 10 minutes. I placed the motherboard on tinfoil balls on a baking sheet (with the processor facing up) and then placed the sheet into the oven. Took it out after about 9 minutes (wearing gloves, obviously). The solder probably re-solidified after a minute, but I let it sit for about 15 minutes just in case. I didn't use any thermal paste, but have some Arctic Silver in reserve just in case another bake is needed. Popped the motherboard back in the phone, turned it on--and the screen worked great! Wifi manager still has some issues, but at least the screen is working now.
It's been about 8 days and I haven't had any issues with the screen, though I've noticed that the phone lags the slightest bit more than before. So far I haven't had any issues with using things like GPS, texting, browsing the web, getting live updates from apps, checking email, etc. At the same time, I've eased up on my overall usage of the phone and am making darn sure I don't keep the screen on longer than I really need to. I restart my phone on a daily basis (If I remember. One time I went two days without restarting). I want to maximize the life of this temporary fix. I don't have 600 bucks to drop on a new phone, so my long term goal will be to wait until the G5 comes out (rumored to be in 3 weeks or so), which will hopefully drop the price of a new G3 motherboard after a few more weeks, so I can then buy it to replace my current one. I'll keep posting weekly updates until the screen craps out again (which probably will happen eventually--issues like these typically don't stay permanently fixed unless you completely replace it) and/or until I get to buy a new motherboard.
If I had to guess, the issue is probably twofold--software and hardware. Something about the OS update (e.g. compatibility with already installed apps, full compatibility with snapdragon 801, etc.) is making the processor work extra hard and was causing it to overheat quite easily and DRAIN the battery. I noticed these two issues happen almost immediately after the update. I eventually killed/disabled some of the tasks running in the background (e.g. T-Mobile MyAccount, which seemed to be the biggest offender), which eased the overheating/battery drain issue. Over time, though, the soldered connections probably grew more and more porous from the constant strain, compounding the issue and possibly damaging the motherboard.