software encoding on the fly is generally a bad idea, especially if you are trying to do it on the cheap. i have heard people converting mpeg2 to wmv fairly easily, maybe you might have better luck with a streaming codec like that.
otherwise, i would really suggest a hardware encoder capable tv card. i have seen them sell for as low as $26, but you will be lucky if you can find one in the $50ish range. i got mine for about $100 and run a pvr setup with a p3 933/256 megs ram with little to no problems at all.
otherwise, i would really suggest a hardware encoder capable tv card. i have seen them sell for as low as $26, but you will be lucky if you can find one in the $50ish range. i got mine for about $100 and run a pvr setup with a p3 933/256 megs ram with little to no problems at all.
