Music Server format?


I want to acquire a music server. No experience. What format should I use for storing music? WAV, FLAC, AIFF?
Looking at Sony HAP-Z1ES? Any thoughts?
Do I need to convert CD files to different format to copy to computer?
Web site to learn?

Thanks

Awooof
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When you get the ripping, formats and playback software sorted there's also the computer's operating system to consider. Windows, for one, does hundreds of things in the background that have nothing to do with music playing. "Stripping out" a Windows install can noticeably improve playback sound quality. You can either do this yourself (daunting at the least) or there are commercial products that will do it. Windows Server 2012 R2 seem to be the preferred OS for this.
You can get a dedicated music server that will your CDs and take the PC out of the equation.  Then you will not have to worry about mastering a playback software program such as Roon, J River, etc.
. I use the Bluesound Vault 2.  It costs around $1100.  Pop the CD in, get it ripped to FLAC, stored in it's 2 TB hard drive, and use the App to control from your phone or tablet. It spupports numerous streaming services, has Tune In for Internet Radio, and if you run out of space you can add extra storage.  It has a decent DAC but you can use its digital outputs to connect to the Oppo or another DAC.  It plays high Res files.
Some of the Crutchfield user reviews not terribly complimentary. Not much in guidance for use/setup. No way to delete unwanted rips? Tech support weak?
Will look further into this option though as it sounds promising.
Thanks

Awooof
You might also consider the Auralic Altair.  It's a wireless streaming dac, and if you add the optional  hard drive or SSD it becomes a server also.   Auralic uses their own software interface, however it is also Roon ready if you prefer.  With the optional hard drive, it's probably around $2100 to $2200; a little more than the Sony, but more flexible.  I was also thinking about one of the Sony HAPS, but they don't have the ability to stream music.  The one major drawback of the Auralic is at the present time Android devices are not supported for their software, only Apple IOS devices.  Good luck in your search.

Just read the Crutchfield reviews about Bluesound.  I only saw 1 bad one and am guessing that person received a defective unit.  Nothing is perfect but I think it is a high quality product that takes the PC out of the picture