I'm looking to buy or make a computer to play minecraft my budget is $500?

I would like to play feed the beast with it and not drop below 40 fps i have a monitor mouse and keyboard so i do not need that.

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You don't need a $500 computer to max out minecraft but you can build a pretty good gaming computer.

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If you can build one yourself it will be a bit cheaper.

GPU = Radeon R9 270x = $200
CPU = AMD FX-8350 = $180
RAM = Corsair Vengence 8GB = $85
Motherboard = ASUS M5A97 = $85
PowerSupply = RAIDMAX RX-735AP 735W Power Supply = $60
Case = Antec Three Hundred Black Steel ATX Mid Tower Computer Case = $60
Total Cost = $670