Digitizing LPs


I know this is an analog section, but I thought perhaps folks with a analog LPs might know more about this so I’ll ask if anyone has expertise in copying/digitizing LPs, the software needed, the equipment needed. And maybe most importantly, how tough is this job to do and get good results?? I don’t want to create CDs, I just want to send a copy of each to hard drives so I can stream them. I am digitizing my CDs too.

I should say I have a good start on it, a Windows 7 Desktop with attached Musical Fidelity Preamp with phono stage, Adcom amp, Spendor speakers, and ASUS Xonar Essence STX soundcard, and a choice of turntables. Still, I know I’ll need another piece of gear. Is that a USB DAC? If so, how good does this have to be? Or put another way, do I need to spend a lot of money on this?
128x128echolane
Thanks tons for such useful feedback.  I must say I am thoroughly discouraged!   The equipment to do it properly is expensive and babysitting  the process uses  gobs of time.  Just cleaning each LP is a time consuming process!  A good cleaning machine would make that part  much more palatable, but a good one would be  thousands more.  
  One real positive is it’s a good way to listen to one’s collection!  Even so,  I calculate it’d take me YEARS to do the job.  It’s been fun and instructive to think about this, but, sadly, at my age it’s not a realistic project.  
  Kudos to those of you who have done this!

For a shorter path, take a look at the Sweetvinyl Sugarcube.  It does almost all of the work automatically and sounds pretty good. 
I use a Mac Mini w/2nd storage drive and Magix Samplitude Pro X2 software, connected to my preamp. Every time I play an album I record it, I do my editing when I want to here that album again or when I have spare time. Some albums I just want certain tracks.
Look at the Sugar Cube. It declicks as it works, so you can eliminate at least one step of the conversion process. Analogplanet has a favorable review of it up now.
@echolane - here’s a sweet little unit that converts to a sample rate of 16/44 and comes with software to record to a computer via USB and slice and dice into tracks for just $46
- other than this unit you just need an analogue output at line level fom your pre or amp.
- or you could insert it between the phono stage and the amp - it has "passthrough" outputs
- it also has headphone output with volume

https://cosmomusic.ca/interface-behringer-uca222-usb-audio-w-software-bundle.html

It’s from Berringer, who produce lots of professonal studio hardware.

I have been using this unit for over two years.

The quality of the sound is amazing and doing an A/B compare by switching between inputs while playing both digital recorded version and the actual vinyl - I find it impossible to tell the difference i.e. on my system.

Friends I’ve performed the same A/B test with cannot tell the difference between analogue and digital

I use it to record a complete side of vinyl and then if inspred to do so, I simply "slice" it into tracks using the software provided.

Hope that helps - Steve