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JEMC said:

HoloDust, I have to say that the 500 € PC challenge has been a pain in the ass... and a fail on my part. I had to cut so many corners that it's not even funny. Look and cry

 

  500 € build    
Component Model amazon.es alternate
CPU Intel® Pentium® G4400 67,07 €  
MOTHERBOARD ASRock H110M-DVS-D3   57,90 €
RAM Crucial 8GB PC3-12800 Kit CL9   39,99 €
STORAGE Seagate 1 TB - ST1000DM003 48,99 €  
GPU Palit 750Ti 2GB (NE5X75TS1341F)   124,90 €
CASE Tacens Anima AC115500 with 500W PSU 32,80 €  
PSU -    
OPTICAL DRIVE Samsung SH-224DB 14,20 €  
KEYBOARD Logitech Desktop MK120 Mouse and keyboard Combo 20,90 €  
MOUSE -    
WINDOWS Microsoft Windows 10 Home 64bit  96,95 €  
  subtotal 280,91 € 222,79 €
  TOTAL 503,70 €  
Optional      
CONTROLLER Microsoft Xbox 360 Wireless adapter 9,30 €  
CONTROLLER Microsoft Xbox 360 Wireless Controller   39,99 €

Yes, I had to go with a barebones chassis and couldn't include an aftermarket heatsink... although the Pentium G isn't specially power hunfry so it won't be a problem (and I'm sure the fan of the PSU will be more noisy).

 

I'm bit sceptical about non-hyperthreaded dual-core CPUs, it's the reason why I went with Athlon 860K in my original $500 build, but I guess after extensive Pentium G vs 860K benchmarks like this one:

http://www.techspot.com/review/1017-best-budget-gaming-cpu/page2.html

here's my LGA 1151 $500 build:

PCPartPicker part list

CPU: Intel Pentium G4400 3.3GHz Dual-Core Processor  ($62.99 @ NCIX US)
CPU Cooler: Cooler Master Hyper TX3 54.8 CFM Sleeve Bearing CPU Cooler  ($18.73 @ OutletPC)
Motherboard: Gigabyte GA-H110M-A Micro ATX LGA1151 Motherboard  ($41.99 @ Amazon)
Memory: G.Skill Ripjaws 4 series 8GB (2 x 4GB) DDR4-2133 Memory  ($44.99 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive  ($49.98 @ OutletPC)
Video Card: Asus GeForce GTX 950 2GB Video Card  ($128.99 @ SuperBiiz)
Case: Cooler Master N200 MicroATX Mid Tower Case  ($29.99 @ Newegg)
Power Supply: Corsair CX 430W 80+ Bronze Certified Semi-Modular ATX Power Supply  ($24.99 @ Newegg)
Operating System: Microsoft Windows 10 Home OEM (64-bit)  ($89.88 @ OutletPC)
Keyboard: Logitech MK120 Wired Slim Keyboard w/Optical Mouse  ($8.99 @ NCIX US)
Total: $501.52

Some corners had to be cut compared to 860K build, namely less HDD space and only 2 RAM slot MB...still concerned about compatibility of future games and non-hyperthreaded dual-cores, but at least it's easily upgradable.