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Moore's law is the empirical observation that at our rate of technological development, the complexity of an integrated circuit, with respect to minimum component cost will double in about 24 months.
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That is to say that our CPU speed/processing power has doubled consistently every two years for the last 30 years. The most important thing I've learned about technology is you buy the BEST you can afford at a given time. If you merely upgrade your HD, you'll end up with a "shitty" computer in 6 months. It all depends on what you plan to do with your computer, but your rig now can't do very much.
For ALL applications, not just gaming.. CPU/MB/RAM is a very very important part..
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Processor: Intel 733 (isnt OC'd, should I? ive never done)
Motherboard: asus (dont have the current type of hand, I understand if I upgrade cpu, i would have to upgrade it.
RAM: 256mb (1 i think is pc133, 1 is pc100 so i understand both would be 100 then?)
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People say "Oh, 1 GB ram is good enough.." -- it all depends on the speed. 1 GB of pc133 is going to severely drag down any rig you have, especially one with an intel 733. Your first priorites should be these. Simply upgrading the CPU/Mobo/RAM would dramatically increase your performance, even though your video card is not-that-great.
As for going with SCSI? No way, jose. For a non-server machine (see above), you'd be much better suited to go with the relative affordability of a SATA or PATA drive. Your new motherboard -will- support these. You should not need more than 10,000 rpm or 8s seek time that most SATA drives can give you.
The FX5200 is a decent card for lower end games, but I know for certain that new games like Battlefield 2 and Farcry would not enjoy that card -- trust me, I had one.
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Media: floppy, Kenwood SCSI 52x CDrom, hp SCSI 8xCDRW, hitatchi dvdrom-non scsi
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These would probably be alright, depending again on what you wanted to do. I'd personally recommend getting a CDRW/DVD combo drive -- you can step away from SCSI and combine drives at the same time.
Case: atx? midtower
Because of this, you may or may not have to get a new case. When checking out your new motherboard, the form factor will be listed. As long as they size up right, you should be fine. Also, depending on your new CPU/MB/RAM, you might need to upgrade your power supply at the very least.
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Network: 2 netgear cards, 1 linksys wireless card.(right now only one in use is one of my netgears) the others just remain in there because i dont have a reason to take out.
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You might as well remove the non-used one; if nothing else, it saves that fractional penny on your electrical bill.
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So if I just bought a new HD, I think I could OC my computer would this be wise?
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Buying a new HD is not going to make OCing your CPU any easier. In fact, their speed relationship is almost nonexistant. Additionally, OCing an Intel 733 isn't going to get you much..
So -- in summary; if you want to do more than text-based and low-level 2d manipulation games--
You're going to want a new CPU, MB, and RAM.. if the MB you want isnt ATX midtower, you're going to need a new case. The video card can stay, unless you plan to do REALLY high end gaming. You should combine the optical drives and stay away from SCCI for your new HD.
(I'm going to do a little price searching for you, will post in a minute..)