Best compression format for PC Jukebox


I'm getting a Brick, Wavelength Computer DAC here real soon and will be using my laptop for the server. I have already saved most of my CDs for my iPod in AAC /128. I suspect I will want to save music files in another format and better quality. Will I need to purge the lesser quality files?
Should I use anothe computer...one for iPod one for server?

I've read some about Exact Audio Copy but have heard that it's a little comlicated.
Any suggestions?
HD space not an issue. I'm willing to get external drive for my Dell PC...any suggestions there?

Thanks,

MC
musicubed

Showing 1 response by bencafc

I'm currently encoding all of my CDs in flac format (free lossless audio codec), which usually produces files about 35% to 60% of the size of the originals for my music (your mileage may vary, but 2:1 is a safe average). Same tag support as Ogg Vorbis or MP3. A number of players will suppport flac, including winamp (if you download and install the flac codecs... can't remember the links but Google should help), foobar (natively), and the one I'm using for its organazational capabilities, wxmusik.