Elgato Capture HD Software 2.1 Public Beta

Looks like this was just put up on Dec 12, 2014.

The 2.1.0 update (currently in Beta) will allow the Elgato Game Capture HD (currently only the Windows Ver.) to be able to use Hardware Accelerated Decoding and Encoding. More specifically, that means that the software will be able to use your PC’s graphics processor to help encode and decode video.

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Nice! Definitely going to check this out.