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Hardware upgrade for video editing

Computer Upgrade?

Hi,

I’m in the process of upgrading my computer hardware and software and have been using (http://www.videoguys.com/blog/PL/0x40f7f96ea4b61f09c684b9dbc281d69c.aspx) as a guide.

I’m at a cross roads as to what is desirable and what is a necessity for upgrades on my system and was hoping to get some expert advice to help me make the right decisions. Please see my specs below. Any advice/recommendations would be greatly appreciated.

Currently using Pinnacle 11 Ultimate, but am wanting to upgrade to Avid Studio (Min sys requirements - http://www.avid.com/US/products/Avid-studio/specifications). I occasionally play games on my system but video editing holds a higher priority.
 
Current Specs
Mobo – Asus P5E3 Deluxe
CPU – Intel Core 2 Quad Q9300 (2.5GHz)
GPU – Nvidia GeForce 9800 GTX+
RAM – 2GB ( 2x1GB) DDR3 Corsair Dominator (1800Mhz)
HD – 3 x Seagate 7200RPM 500GB
Case - P182 Performance One Black ATX Mid Tower
PSU – Corsair TX-750 V2 750Watts
OS – Windows XP 32-bit
 
Recent Upgrades (on the way)
RAM – 8GB (4x XMS3 2GB) PC-12800 (1600MHz) XMS KIT
OS - Windows 7 Pro 64bit OEM
HD – 2 x Hitachi 2TB SATA 7200RPM
 
Crossroads??
Mobo & CPU (& therefore RAM?) – upgrade to run new software?
GPU – upgrade to Nvidia GTX570?
HD - I would like to keep 2 of my old hard drives in addition to the the new ones (4 total).
PSU 850W or higher – required(?) if above upgrades are required?

Based on the upgrades (Mobo, 
CPU, GPU, RAM, PSU, Boot drive) on the videoguys website ("videoguys DIY 9 choice") it would cost me ~$2000 AU. Could I save costs by buying other parts?

Thankyou in advance for your time.
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1 watt = 1 volt * 1 amp, not 1 volt / 1 amp
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Thanks Raiduu, dlethe and Merete for your comments

I will upgrade my CPU and therefore my mothorboard. Value for money Vs performance which of these two CPU's would be a better purchase for my requirements?:
1) Intel Core i7 3930K Processor LGA2011 3.2GHz 12M Cache 6 Cores - $605
2) Intel CORE i7 3820/3.60GHz/10MB CACHE/LGA2011/4CORES/NO FAN - $315

dlethe & Merete - Regarding PSU, because I will be running 2 x DVD/CD drives and 5 x Hard drives, plus my original GPU and a sound card in addition to a more powerful CPU would a 1200W PSU (Corsair AX-1200 1200W ATX 80+) be an overkill? Keeping in mind a potential GPU upgrade down the track? Would a 1000W be more appropriate? (Corsair HX-1050 1050W ATX).

Merete - Yes, AU = Australian Dollars. Hard Drives consist of 2 x 2TB Hitachi Hard drives, 2 x 500Gb Seagate Hard Drives and 1 256GB Curcial SSD. I've already got a 24" Full HD Screen and will look to get a second - was looking at Asus VE248H 24" ($215 at Umart Online) - thoughts? I'm wont be working with or outputting 3D footage. As I'm taking parts from my old system and would like more versitility with the other parts I'll be assembling the system myself - thankyou for the links though. I compared the prices on digitalmatrixcomputers to Umart.com.au and umart had better prices.
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Ha! Thanks Merete :)

I'll go with the 1050W PSU. What tools will I be using? Meaning what camera's? If so, I'm using a Go Pro 2 and a JVC Full HD Camcorder
(http://gopro.com/hd-hero2-cameras/) (http://www.digitalcamerawarehouse.com.au/prod4716.htm)

dlethe - thankyou for that advice. I'm looking at getting 16Gb of G Skill DDR3 2133MHZ. I'm assuming this will be sufficient, however given your comment above would I be better off going to 32Gb?
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Ok great, thanks dlethe!

Merete - I forgot to ask in my earlier post what you were referring to when you said '<< not really needed' and why I might experience problems with the Seagate drives? These drives are on my old set up and I'd like to still make use of them if I can. Can they not function on their own without clashing with the other hard drives?
Hi BPro, just wondered why you were including these SSD? solid-state drives.
Entirely different class of Drive from these others
Why so many drives?
In regards to the Seagate
I have seen issues with Seagate used with other internal drives but if these are external USB shouldn't be a problem. Wait and see.
Seagate for some reason would prevent other drives from being recognised in the old XP systems.
In regards to tools I mean video editing tools?
I have PDD 10, Sony Vegas, Pinnacle studio. Alongside Nero Vision. WLMM Coral Photoshop, Inkscape, plus a ton more, and my system being less than you new upgrade runs them fine.
I also use external 5 x WD 1terrabyte USB drives to store my data on.
No worries I'm just jealous as my system is nearing two years soon to upgrade too :)
Ah ok. I'm going to use Avid Studio, previously used Pinnacle Studio 9 & 11.

I'm getting the SSD drive to utilise as my OS drive and software drive (purely for the speed). I'll use the 2(new) Hitachi drives in RAID 0 set up as a dedicated video footage drive. The Seagate drives (old drives) i'm planning on using for general things like music/video files, completed projects etc. I've read the external drive set up in RAID format is a better way to go for video editing, however I'm just trying to save a little $$ and keep everything (drives included) in the one case. Probably something I will change down the track though. Thanks for the advice - I'll see how things go with my old drives in the new set up and if I have trouble I'll know why and will have to look for an alternative solution.
Excellent decisions, yes I can see your logic now.
How old are these drives?  around 3 years they do tend to start to slow maybe have problems.
If you suddenly get no boot you have those ideas to look into.
Well you know where to come when you need advise on video editing,
 I'm sure I'll be the one sharing my knowledge with you in those zones they are my top zones.
Regards Merete