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Even in this poorly made comparison shot I made you can tell the difference between streaming and "self hosting"
(lemmy.world)
Jack Ryan S3 E3
this post was submitted on 01 Feb 2024
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It's always possible to re-encode video; it's usually called transcoding. However, you lose a bit of quality every time you encode, so you might not gain much in the end. You can offset a bit of the quality loss by encoding at a higher bitrate/quality factor/etc than you otherwise would, but that of course takes up extra space.