Converting cd's to high resolution audio

I will probably use Exact Audio Copy to rip my small collection into flac files And copy it to an extra Hard drive and Google Drive. 
I can use My computer with an usb dac or possibly try to build a Hifiberry with spdif output.

I read about the Blue Sound Music Vault 2, which allows for ripping without a computer, but not sure if it is a good idea to rip 500 cd's to the vault as was advised that ripping is very tough on the internal parts of the music vault. Is there another way to rip cd's and then put into the vault. Or is there another competitive product that can be recommended. I saw the Aurelander 10 music system, but it is over $5000.00 and over my budget.  Last question, can the Blue Sound Vault 2 work with my two channel system?  This is critical to me, don't cared about music throughout the house, just want my cd's to outlast me so I can listen to them. My reason to convert my cd's is the possibility that the cd's themselves will go bad as well as the fact that
cd players seem to be going out of style and Sony for example is not manufacturing them any more. Don't want to lose all my accumulated music.  Thanks.

OP
I read the same review where it seemed the reviewer was drawing his conclusions from the noise while ripping.
Well all I can say is approx 2500 cds later and 17 months and no issues.
I believe ripping cds direct with the vault is the only way to add to its hard drive but not 100% sure.
The vault is THE mainstay source in my stereo rig. It has RCA analog outputs and digital outputs so take your pick. I find the dig out on coax to be best but I am feeding it into a superior DAC. The RCA analog outputs will work just fine.
Control it with the Bluos app from your droid or iPhone or iPad. It really is easy

The only thing I would have liked the ability to do was to create a partition on the Vault hard drive.
So I could have my daughter's cds on a separate section entirely however it does not seem possible.

I do not remember when I last played a CD in,my rig...lol.
I either play vinyl, ripped CD from the Vault or streamed Tidal via the Vault.
So as you see the Vault is vital in my system

Another worthy alternative is the NAD M50.2. This has had good reviews too and has one advantage in that you can actually use it just to play cds if you wish.
The vault can only rip cds to playback from its hard drive. 

That being said its mrsp is $4000 although I did see a factory refurbished unit for $2500 on eBay.

Still a lot more cash than the Vault.