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5 points

It’s limited to the transcode speed, but it’s important to keep in mind that e.g. if you transcode to a lower resolution especially it’ll usually transcode faster than realtime.

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4 points

Then it shouldn’t be limited. I can transcode a movie faster then I watch it even at higher quality.

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4 points
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Right, I just mean if your connection speed is faster than your server can transcode, then the transcode speed will be the bottleneck

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