You don't build 800 KH/s GPU rigs, a typical rig of the past couple of months would be 6x R9 270, and it can do ~2.8 MH/s. Cost ~$1100 for GPUs plus "infrastructure".
Before R9 280X prices went crazy you could build a very nice 6 GPU 4.5 MH/s rig for $1800 + "infrastructure". Now prices seem to be coming back to normal, so that could be possible again.
There is also the GTX 750 Ti, not as cheap in $ per KH/s, but much more power efficient, somewhere in the middle between Gridseed and AMD GPU.
There is no need for a massive expensive PSU, two mid-range 600-850W PSUs will do nicely and will be cheaper. There is the ASRock BTC motherboard available for ~$70 (6 powered PCI-Express slots). Cheapest CPU and RAM will do just fine. HDD is not necessary, a $10 flash drive runs BAMT.
The point is, you can overengineer and overspend on any solution, but a well though out GPU rig does not come even close to $1 per KH/s AND is a lot more versatile than Gridseeds (think Vertcoin or Heavycoin). On the other hand, you can put a handful of Gridseeds on your desk and have 1.5 MH/s literally in minutes. Each has its benefits if you know what you're doing.