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Re:Bitcodin (YC S15) encodes video 100x faster, in Netflix-g... by slederer on Tuesday August 18, 2015 @02:48PM (#10081298)
yes, it's more or less how you described it, we just added some tweaks here and there to make it work in practice :-)

ad 1.) no, we first grab the video from the user and then segment it in the cloud

Yes, we just run CPU instances.

Typically the user transfers the file back, e.g. via our FTP-transfer, S3, GCS, or simple download as zip.

Re:Bitcodin (YC S15) encodes video 100x faster, in Netflix-g... by mkagenius on Friday August 21, 2015 @05:15AM (#10096606)
Thanks for the reply. I tried it.

Just the resource allocation took 2 min and the transcoding was done in 15 seconds for a 4 min video, so looks good.

Regarding selling this thing, I don't know if there could be any good use case for normal people. New enterprises could be better target. Old enterprises too can benefit if their current price is more than what you are providing.