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Considered a Network Attached Storage Device (NAS)? That might be a cheaper (long run) alternative to you setting up another meadiocre computer. They cost a little more up front, but you don't have to worry about maintaining an OS. They wouldn't be able to do any actual number crunching activity, but for a network attached HDD, they can't be beat.
Just a thought.
And, yes, having a video card is an absolute MUST for most BIOSes.
Good luck then.
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