Well... the ' cheapest ' mining rig I've got is a dual core Coppermine board with AGP. It was FREE with a half decent power supply, fan on each CPU, 10/100 ethernet card and most importantly USB on the back and 2 connectors inside. The USB connections also have JUMPERS to turn off being powered from the motherboard. Why is that important? It didn't blow when modding a powered USB hub and got the power/ground backwards!!
OK, plugged in for 1 second and it got hot so unplugged and was lucky not to blow the chip in the hub either...
For the mining I've been doing, ASIC is the way to go and/or using the PCIx to USB adapters ( and the multi-PSU cards/adapters ) to get half decent hashing with almost totaly dead cards.
So far, the total investment is less than $300.00 Canadian and barely made enough to get 1 ( ONE ) AntMiner added to the system. I'm looking to spend more on Solar Cells and car batteries to get off the grid since the push to the Smart Meters by my local electric company.
If you had to buy, THIS WOULD BE THE WORST RIG TO BUY!!!!!!
It's amazing what can be done from free/salvaged parts tho