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It depends on the conversion quality and size; in pocketdivxencoder, if you checked the "VHQ mode", "2-pass encoding" options, it will take a much longer time to encode (2 pass usually takes approximately double the time, and VHQ adds a little more, to compress the video better without having smears and tears around hgih-movement parts of a movie)
I use pocketdivxencoder if i want to rip clips, and virtualdub if i needed subtitles and higher quality.
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