That entirely depends on the quality of the source and destination. 4k is out of the question with that plan, but you could handle 2-3 1080p transcodes alright.
From Plex:
1080p (10Mbps, H.264) file: 2000 PassMark score
Estimated PassMark for (my) Seedbox single-core
1286
I don't know how their hypervisor is handling vcpu cores, but that would be the max for sure.
shelim786
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