I am recving the exception while i try to upload a file of size grater than 50MB using the WCF service.

<?xml version="1.0"?>
<!--
    Note: As an alternative to hand editing this file you can use the
    web admin tool to configure settings for your application. Use
    the Website->Asp.Net Configuration option in Visual Studio.
    A full list of settings and comments can be found in
    machine.config.comments usually located in
    WindowsMicrosoft.NetFrameworkv2.xConfig
-->
<configuration>
    <configSections>
        <sectionGroup name="system.web.extensions" type="System.Web.Configuration.SystemWebExtensionsSectionGroup, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35">
            <sectionGroup name="scripting" type="System.Web.Configuration.ScriptingSectionGroup, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35">
                <section name="scriptResourceHandler" type="System.Web.Configuration.ScriptingScriptResourceHandlerSection, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35" requirePermission="false" allowDefinition="MachineToApplication"/>
                <sectionGroup name="webServices" type="System.Web.Configuration.ScriptingWebServicesSectionGroup, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35">
                    <section name="jsonSerialization" type="System.Web.Configuration.ScriptingJsonSerializationSection, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35" requirePermission="false" allowDefinition="Everywhere"/>
                    <section name="profileService" type="System.Web.Configuration.ScriptingProfileServiceSection, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35" requirePermission="false" allowDefinition="MachineToApplication"/>
                    <section name="authenticationService" type="System.Web.Configuration.ScriptingAuthenticationServiceSection, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35" requirePermission="false" allowDefinition="MachineToApplication"/>
                    <section name="roleService" type="System.Web.Configuration.ScriptingRoleServiceSection, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35" requirePermission="false" allowDefinition="MachineToApplication"/>
                </sectionGroup>
            </sectionGroup>
        </sectionGroup>
    </configSections>
    <appSettings/>
    <connectionStrings/>
    <system.web>
        <!--
            Set compilation debug="true" to insert debugging
            symbols into the compiled page. Because this
            affects performance, set this value to true only
            during development.
        -->
        <compilation debug="true">
            <assemblies>
                <add assembly="System.Core, Version=3.5.0.0, Culture=neutral, PublicKeyToken=B77A5C561934E089"/>
                <add assembly="System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
            </assemblies>
        </compilation>
        <!--
            The <authentication> section enables configuration
            of the security authentication mode used by
            ASP.NET to identify an incoming user.
        -->
        <authentication mode="Windows"/>
        <!--
            The <customErrors> section enables configuration
            of what to do if/when an unhandled error occurs
            during the execution of a request. Specifically,
            it enables developers to configure html error pages
            to be displayed in place of a error stack trace.

        <customErrors mode="RemoteOnly" defaultRedirect="GenericErrorPage.htm">
            <error statusCode="403" redirect="NoAccess.htm" />
            <error statusCode="404" redirect="FileNotFound.htm" />
        </customErrors>
        -->
        <pages>
            <controls>
                <add tagPrefix="asp" namespace="System.Web.UI" assembly="System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
            </controls>
        </pages>
        <httpHandlers>
            <remove verb="*" path="*.asmx"/>
            <add verb="*" path="*.asmx" validate="false" type="System.Web.Script.Services.ScriptHandlerFactory, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
            <add verb="*" path="*_AppService.axd" validate="false" type="System.Web.Script.Services.ScriptHandlerFactory, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
            <add verb="GET,HEAD" path="ScriptResource.axd" type="System.Web.Handlers.ScriptResourceHandler, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35" validate="false"/>
        </httpHandlers>
    <!--Buffer Size Upload-->
    <httpRuntime maxRequestLength="2048576"/>
        <httpModules>
            <add name="ScriptModule" type="System.Web.Handlers.ScriptModule, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
        </httpModules>

    </system.web>
    <system.codedom>
        <compilers>
            <compiler language="c#;cs;csharp" extension=".cs" warningLevel="4" type="Microsoft.CSharp.CSharpCodeProvider, System, Version=2.0.0.0, Culture=neutral, PublicKeyToken=b77a5c561934e089">
                <providerOption name="CompilerVersion" value="v3.5"/>
                <providerOption name="WarnAsError" value="false"/>
            </compiler>
        </compilers>
    </system.codedom>
    <!--
        The system.webServer section is required for running ASP.NET AJAX under Internet
        Information Services 7.0.  It is not necessary for previous version of IIS.
    -->
    <system.webServer>
        <validation validateIntegratedModeConfiguration="false"/>
        <modules>
            <add name="ScriptModule" preCondition="integratedMode" type="System.Web.Handlers.ScriptModule, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
        </modules>
        <handlers>
            <remove name="WebServiceHandlerFactory-Integrated"/>
            <add name="ScriptHandlerFactory" verb="*" path="*.asmx" preCondition="integratedMode" type="System.Web.Script.Services.ScriptHandlerFactory, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
            <add name="ScriptHandlerFactoryAppServices" verb="*" path="*_AppService.axd" preCondition="integratedMode" type="System.Web.Script.Services.ScriptHandlerFactory, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
            <add name="ScriptResource" preCondition="integratedMode" verb="GET,HEAD" path="ScriptResource.axd" type="System.Web.Handlers.ScriptResourceHandler, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
        </handlers>
    </system.webServer>
    <system.serviceModel>
    <bindings>
      <basicHttpBinding>
        <binding name="basicHttpBinding_IVideoUpload" transferMode="Buffered" closeTimeout="00:01:00" openTimeout="00:01:00" receiveTimeout="11:30:00" sendTimeout="11:01:00"
                 bypassProxyOnLocal="false" hostNameComparisonMode="StrongWildcard" maxBufferPoolSize="2147483647" maxBufferSize="2147483647"
                 maxReceivedMessageSize="2147483647" messageEncoding="Text" textEncoding="utf-8" useDefaultWebProxy="true" allowCookies="false">
          <readerQuotas maxDepth="2147483647" maxStringContentLength="2147483647" maxArrayLength="2147483647" maxBytesPerRead="2147483647" maxNameTableCharCount="2147483647"/>
          <!--<security mode="Transport">
            <transport clientCredentialType="Basic"/>
          </security>-->
        </binding>
      </basicHttpBinding>
        <customBinding>
            <binding name="Soap12">
                <textMessageEncoding messageVersion="Soap12WSAddressing10" />
                <httpTransport transferMode="Streamed" maxReceivedMessageSize="67108864"/>
            </binding>
        </customBinding>
    </bindings>
        <services>
            <service behaviorConfiguration="UplaodVideoService.VideoUploadBehavior" name="UplaodVideoService.VideoUpload">
                <endpoint address="" binding="basicHttpBinding" bindingConfiguration="basicHttpBinding_IVideoUpload" contract="UploadVideoProtocol.IVideoUpload">
                    <identity>
                        <dns value="localhost"/>
                    </identity>
                </endpoint>
                <endpoint address="mex" binding="mexHttpBinding" contract="IMetadataExchange"/>
            </service>
        </services>
        <behaviors>
            <serviceBehaviors>
                <behavior name="UplaodVideoService.VideoUploadBehavior">
                    <serviceMetadata httpGetEnabled="true"/>
                    <serviceDebug includeExceptionDetailInFaults="true"/>
                    <serviceThrottling
                    maxConcurrentCalls="16"
                    maxConcurrentInstances="2147483647"
                    maxConcurrentSessions="10"/>
                </behavior>
            </serviceBehaviors>
        </behaviors>
    </system.serviceModel>
</configuration>

An operation on a socket could not be performed because the system lacked sufficient buffer space or because a queue was full
Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code.

Exception Details: System.Net.Sockets.SocketException: An operation on a socket could not be performed because the system lacked sufficient buffer space or because a queue was full