Home Media Server.
Yep, I want a Mini-ITX. And yes, only streaming media
Does the price include storage?
Assuming it does, here you go, imagine this to be the "premium" media server within your budget range:
PCPartPicker part list / Price breakdown by merchant
CPU: Intel Core i5-4430 3.0GHz Quad-Core Processor ($184.94 @ OutletPC)
Motherboard: ASRock H81M-ITX Mini ITX LGA1150 Motherboard ($65.38 @ Newegg)
Memory: Kingston HyperX Blu 4GB (2 x 2GB) DDR3-1600 Memory ($47.73 @ NCIX US)
Storage: Western Digital RE3 1TB 3.5" 7200RPM Internal Hard Drive ($66.76 @ Amazon)
Case: Fractal Design Node 304 Mini ITX Tower Case ($84.99 @ Micro Center)
Power Supply: SeaSonic X Series 400W 80+ Platinum Certified Fully-Modular ATX Power Supply ($129.99 @ Mwave)
Other: Kingston Traveler Gen 4 8GB USB drive ($5.00 @ Newegg)
Total: $584.79
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-06-18 12:16 EDT-0400
In order of "Why?":
CPU: Because Plex transcodes media on-the-fly which is a very intensive process, especially for 1080p video. Four cores are needed here if you never want to hit a point where the server can't keep up and buffering occurs. If you know for a fact you will only ever stream to 1 device and at most 1080p video, you can probably get by with a dual core i3, but never expect to stream more than 1 video to anything. Buffering will be rampant if you do.
The Four cores aren't necessary. They are overhead.
Motherboard: Cheap, reliable (check the reviews) and tiny.
Memory: Same as motherboard.
Storage: I chose this specific HDD because energy saving models tend to underwhelm for media streaming in my experience. I own a 4TB Seagate Barracuda (5200RPM) and it can barely keep up with HD Video streaming. I hate it. I realllly recommend that if you decide not to get this drive, you get some other performance/data integrity type drive.
If you want more storage, get a bigger budget is my only recommendation, or lower expectations of performance and either get cheaper drives that are slower, or a dual core CPU. Or a less efficient/reliable PSU. Or a crappier M-ITX case with less drive bays.
Case: Small and good for adding storage (lots o' 3.5" drive bays).
Power Supply: Fully modular, tiny, high efficiency, and SeaSonic (reliable). Note that this is unnecessary but nice to have. You could swap this out for a cheaper similar PSU (like the Silverstone one in the below "Bare Minimum" build). It could save you a bit of money.
Other: This is for the OS. A USB drive is fine for anything but Windows Home Server.
Or here's a "Bare minimum" build, though expect it to be potentially slow and possibly unreliable (part-wise):
PCPartPicker part list / Price breakdown by merchant
CPU: Intel Core i3-3250 3.5GHz Dual-Core Processor ($114.99 @ NCIX US)
Motherboard: ASRock H61MV-ITX Mini ITX LGA1155 Motherboard ($54.98 @ Newegg)
Memory: Kingston 2GB (1 x 2GB) DDR3-1333 Memory ($22.85 @ Mwave)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($52.92 @ Amazon)
Case: Silverstone SG05W-LITE Mini ITX Tower Case ($41.22 @ NCIX US)
Power Supply: Silverstone 300W 80+ Bronze Certified SFX Power Supply ($59.99 @ Amazon)
Other: Kingston Traveler Gen 4 8GB USB drive ($5.00 @ Newegg)
Total: $351.95
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-06-18 12:30 EDT-0400
The "Why?" here is "Cheap. Cheap. Cheap."
I personally would save up the money to buy the first "premium" build because I like my stuff being high quality and bottlenecks being far far away. But that's just me.

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