Intel introduced two Xeon Phi product lines at SC'12. The Xeon Phi 5110P (pictured below), priced at $2,649, is already shipping to partners and will be officially released on Jan. 28. The Xeon Phi 3100 product family will be made available in the first half of 2013 carrying prices under $2,000 per coprocessor, Intel said.
http://www.pcmag.com/article2/0,2817,2412048,00.asp
Nice, looks good are your pxe booting them? where are you getting the blade's from, ebay?
What kind of Xeon CPU is in those PowerEdge SC1425's?
I'm thinking it's a single core P4 based xeon with HT. Hard to tell from a search, but it's an older server. Find out for sure, and if that's the case, they won't be worth the electricity to run them.
The SC1425 takes the Nocona and Irwindale Xeon processors which do handle 64bit extensions. The fastest we sell would be a 3.8GHz.
All I've been able to find so far is this from dell:
http://en.community.dell.com/support-forums/servers/f/956/p/19242965/19373707.aspx
Irwindale are single Core with or without HT. Nocona are single core no HT.
Maybe there is a newer revision of the server with different CPU support. Best bet would be to get the service tag off of one of them and search on Dell's support site.
Electric use far outweighs the performance IMO. It would be a fun project, but you would get much much better performance with better efficiency with newer gear.
Do like what you spec'd with the i3 build. Buy a rackmount case and cram desktop hardware into it. Get as many threads in a desktop CPU as the budget allows.