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You can get 4 cores at 3.5 GHz with 64GB of memory for well below your budget.
i would take a look at @DataIdeas-Josh mini pc dedis.
https://my2.dataideas.com/store/dedicated
It's not 8 core but it's 6 core:
Compute Ryzen 5
https://my.spectraip.net/cart.php?a=confproduct&i=0
You can get the below features from OwnWebServers for only $67.05/mo. This is the first month price, with a 55% discount.
8 Cores
2.4GHz
20MB
RAM : 48GB
STORAGE (HW RAID) : 2 X 2TB SSD
MONTHLY PRICE
So after a month it ends up being double his budget? why even offer?
This is an Easter Deal! We have another offer apart from first offer get instant 20% discount on all dedicated server plans. Use the code DEDI20 during checkout to avail this offer.
inbox if happy with 4core and 4 threads with 500mbps unlimited bandwidth, 1ipv4, 16gb DDR3 ram, 240/480GB SATA and this all in 30$
I will colo this for you for $30 unmetered gigabit (my cost) if you buy the computer and ship it to the datacenter. 8 3.4ghz cores, 16GB RAM, 512GB dedicated SSD. Comes with WIndows, happy to put any linux on it for you. DM me!
https://www.amazon.com/MeLE-Quieter3C-Fanless-Windows-N5105/dp/B0DKJJWMZY?th=1 Best
https://www.amazon.com/MeLE-Quieter3C-Fanless-Windows-N5105/dp/B0B73LCVBC Mid
https://www.amazon.com/GMKtec-Mini-Intel-N100-12GB/dp/B0CCDPDBX6 best performance, idk about reliability - I just got my first pair of these 2 weeks ago. I love them so far. only 12gb ram tho. they do have a 16GB/1TB version.
If you want it back after I charge $5 to ship it to you in a USPS flat rate box. It actually costs me $7.15 so I do pick up some of the tab.
You can pick any minicomputer I just really like the Mele, they are reliable and performant.
See more info at our non-profit wtf provider, https://wtfhost.onefreecomputer.org
You can get dedicated server with 4 cores at 3.5 GHz with 64GB of memory for well below your budget.
OVH Rise-S