Even with the elgato doing “video encoding”, how does it get to Twitch/Youtube? It doesn’t do THAT kind of encoding. It’s encodes the HDMI capture into a local format that is basically a webcam stream. It has to be broadcast from OBS. and even if you are using the Elgato as a video source, OBS is going to re-encode it into what it wants to broadcast. There isn’t really getting around the video encoding cost of OBS, unless you have a device that streams to the internet directly from the capture card (which it doesn’t seem like Elgato makes one. Someone else might, but that’s not really what they are for)