I'm using anyDVD and makemkv to rip them and Cyberlink PowerDVD Ultra to play them back on an i5 HTPC with a 120 gig SSD for software, 32 gigs of RAM and an EVGA GeForce gtx950 Gaming 4k graphics card with 2 gigs of DDR5 RAM. Everything sits inside a Silverstone Grandia case. I prefer the low profiel Milo cases, but I needed this bigger one for the full height graphics card and a liquid CPU cooler. My other two HTPCs have ZOTAC NVIDIA GeForce GT 740 2GB DDR3 cards in them, so I can use the lower profile cases (no liquid cooling though). And yes, I build HTPCs myself (and possibly to order if anyone's interested....)
I think I get 7.1 sound and 60 fps 4K playback out of the graphics card, but I would have to check on that though when I get home.
mkv files are, apparently and so I believe, kind of like FLAC files only for video. Please correct me if I'm wrong.
All through an EXPENSIVE (yah boo to ye naysayers) Audioquest Chocolate HDMI cable to my new Marantz 2010 receiver.
Most Blu-Rays rip just fine, although with older versions of the software I did come across some "stubborn" ones. I'm working through the collection again, right now though with the latest software versions, so fingers crossed.
I'm using a Mediasonic ProRAID RAID10 enclosure ($150 or so on Amazon) with 4 x Western Digital Green 3 terabyte hard discs ($100 each), giving 6 terabytes of storage space. Each DVD is taking up about 5 gigabytes, so 6 terabytes gives me storage for about 1200 films!