No. Even a Raspberry Pi 4 can play PS1 ROMs perfectly. The PS1 is 32-bit hardware; any computer made after 2010 can emulate it smoothly.
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If you own rare titles like Suikoden II (valued at over $400) or Einhänder , you have a ticking clock. By creating a digital archive of your PS1 ROMs now, you preserve the data even after the physical disc becomes a coaster. archive ps1 roms