Encoding time 2:31.
Avg encoding speed: 95.727776 fps.
After turning off some of the background tasks:
Encoding time 2:24.
Avg encoding speed: 99.939011 fps.
Here is the log. I hope I got it right:
HandBrake Activity Log for /Users/sgunes/Desktop/big_buck_bunny_1080p_surround.m4v: 2011-05-05 21:01:58 -0500
Handbrake Version: 0.9.5 x86_64 (2011010300)
[21:01:58] macgui: Rip: Pending queue count is 1
[21:01:58] macgui: getNextPendingQueueIndex next pending encode index is:0
[21:01:58] macgui: scanning specifically for title: 1
[21:01:58] hb_scan: path=/Users/sgunes/Downloads/big_buck_bunny_1080p_surround.avi, title_index=1
libbluray/bdnav/index_parse.c:157: indx_parse(): error opening /Users/sgunes/Downloads/big_buck_bunny_1080p_surround.avi/BDMV/index.bdmv
libbluray/bluray.c:960: nav_get_title_list(/Users/sgunes/Downloads/big_buck_bunny_1080p_surround.avi) failed (0x114007a00)
[21:01:58] bd: not a bd - trying as a stream/file instead
libdvdnav: Using dvdnav version 4.1.3
libdvdread: Using libdvdcss version 1.2.10 for DVD access
libdvdnav

VDOpenFileUDF:UDFFindFile /VIDEO_TS/VIDEO_TS.IFO failed
libdvdnav

VDOpenFileUDF:UDFFindFile /VIDEO_TS/VIDEO_TS.BUP failed
libdvdread: Can't open file VIDEO_TS.IFO.
libdvdnav: vm: failed to read VIDEO_TS.IFO
[21:01:58] dvd: not a dvd - trying as a stream/file instead
Input #0, avi, from '/Users/sgunes/Downloads/big_buck_bunny_1080p_surround.avi':
Metadata:
encoder : AVI-Mux GUI 1.17.7, Aug 8 2006 20:59:17
JUNK :
Duration: 00:09:56.45, start: 0.000000, bitrate: 12455 kb/s
Stream #0.0: Video: mpeg4, yuv420p, 1920x1080 [PAR 1:1 DAR 16:9], 24 tbr, 24 tbn, 24 tbc
Stream #0.1: Audio: ac3, 48000 Hz, 5.1, s16, 448 kb/s
[21:01:58] scan: decoding previews for title 1
[21:01:58] scan: audio 0x1: AC-3, rate=48000Hz, bitrate=448000 Unknown (AC3) (5.1 ch)
[21:01:58] scan: 10 previews, 1920x1080, 24.000 fps, autocrop = 0/0/0/0, aspect 16:9, PAR 1:1
[21:01:58] scan: title (0) job->width:1920, job->height:1072
[21:01:58] libhb: scan thread found 1 valid title(s)
[21:01:58] macgui: ScanDone state received from fQueueEncodeLibhb
[21:01:58] macgui: Preset: AppleTV 2
[21:01:58] macgui: processNewQueueEncode number of passes expected is: 1
[21:01:58] macgui: Start / Stop set to chapters
[21:01:58] macgui: prepareJob exiting
[21:01:58] 1 job(s) to process
[21:01:58] starting job
[21:01:58] sync: expecting 14339 video frames
[21:01:58] job configuration:
[21:01:58] * source
[21:01:58] + /Users/sgunes/Downloads/big_buck_bunny_1080p_surround.avi
[21:01:58] + title 1, chapter(s) 1 to 1
[21:01:58] + container: avi
[21:01:58] + data rate: 12455 kbps
[21:01:58] * destination
[21:01:58] + /Users/sgunes/Desktop/big_buck_bunny_1080p_surround.m4v
[21:01:58] + container: MPEG-4 (.mp4 and .m4v)
[21:01:58] + 64-bit formatting
[21:01:58] * video track
[21:01:58] + decoder: mpeg4
[21:01:58] + frame rate: 24.000 fps -> peak rate limited to 29.970 fps
[21:01:58] + loose anamorphic
[21:01:58] + storage dimensions: 1920 * 1080 -> 1280 * 720, crop 0/0/0/0, mod 16
[21:01:58] + pixel aspect ratio: 1 / 1
[21:01:58] + display dimensions: 1280 * 720
[21:01:58] + encoder: x264
[21:01:58] + quality: 20.00 (RF)
[21:01:58] * audio track 0
[21:01:58] + decoder: Unknown (AC3) (5.1 ch) (track 1, id 1)
[21:01:58] + bitrate: 448 kbps, samplerate: 48000 Hz
[21:01:58] + mixdown: Dolby Pro Logic II
[21:01:58] + encoder: ca_aac
[21:01:58] + bitrate: 160 kbps, samplerate: 48000 Hz
[21:01:58] * audio track 1
[21:01:58] + decoder: Unknown (AC3) (5.1 ch) (track 1, id 1)
[21:01:58] + bitrate: 448 kbps, samplerate: 48000 Hz
[21:01:58] + AC3 passthrough
[21:01:58] reader: first SCR 11520 id 1 DTS 11520
[21:01:58] encx264: min-keyint: auto (29), keyint: 300
[21:01:58] encx264: encoding with stored aspect 1/1
[21:01:58] encx264: Encoding at constant RF 20.000000
x264 [info]: using SAR=1/1
x264 [info]: using cpu capabilities: MMX2 SSE2Fast SSSE3 FastShuffle SSE4.2
x264 [info]: profile High, level 3.1
No accelerated IMDCT transform found
No accelerated IMDCT transform found
[21:04:21] reader: done. 1 scr changes
[21:04:22] work: average encoding speed for job is 99.939011 fps
[21:04:22] sync: got 14315 frames, 14339 expected
[21:04:22] mpeg4-decoder done: 14315 frames, 0 decoder errors, 0 drops
[21:04:22] render: 14313 frames output, 2 dropped and 0 duped for CFR/PFR
[21:04:22] render: lost time: 0 (0 frames)
[21:04:22] render: gained time: 0 (0 frames) (0 not accounted for)
x264 [info]: frame I:146 Avg QP:13.95 size:151915 PSNR Mean Y:49.32 U:52.16 V:52.64 Avg:50.07 Global:48.81
x264 [info]: frame P:5809 Avg QP:18.29 size: 21237 PSNR Mean Y:45.79 U:49.38 V:50.07 Avg:46.58 Global:45.55
x264 [info]: frame B:8358 Avg QP:23.83 size: 3717 PSNR Mean Y:45.30 U:48.99 V:49.72 Avg:46.12 Global:44.94
x264 [info]: consecutive B-frames: 15.1% 14.5% 12.6% 57.8%
x264 [info]: mb I I16..4: 12.5% 57.1% 30.4%
x264 [info]: mb P I16..4: 2.3% 5.2% 0.9% P16..4: 27.1% 13.1% 9.0% 0.0% 0.0% skip:42.4%
x264 [info]: mb B I16..4: 0.2% 0.6% 0.2% B16..8: 24.3% 2.6% 0.6% direct: 1.5% skip:70.0% L0:38.4% L1:53.2% BI: 8.4%
x264 [info]: 8x8 transform intra:61.4% inter:65.6%
x264 [info]: coded y,uvDC,uvAC intra: 61.9% 68.0% 43.9% inter: 13.4% 13.6% 2.9%
x264 [info]: i16 v,h,dc,p: 50% 22% 6% 22%
x264 [info]: i8 v,h,dc,ddl,ddr,vr,hd,vl,hu: 18% 16% 17% 6% 8% 11% 8% 8% 8%
x264 [info]: i4 v,h,dc,ddl,ddr,vr,hd,vl,hu: 22% 17% 13% 6% 10% 11% 9% 7% 6%
x264 [info]: i8c dc,h,v,p: 51% 22% 17% 11%
x264 [info]: Weighted P-Frames: Y:3.6% UV:1.8%
x264 [info]: ref P L0: 65.2% 16.4% 14.0% 4.4% 0.1%
x264 [info]: ref B L0: 90.1% 8.3% 1.6%
x264 [info]: ref B L1: 94.6% 5.4%
x264 [info]: SSIM Mean Y:0.9893431 (19.724db)
x264 [info]: PSNR Mean Y:45.539 U:49.181 V:49.893 Avg:46.345 Global:45.203 kb/s:2369.34
[21:04:22] mux: track 0, 14313 frames, 176608085 bytes, 2369.14 kbps, fifo 8
[21:04:22] mux: track 1, 27955 frames, 12395612 bytes, 166.28 kbps, fifo 512
[21:04:22] mux: track 2, 18636 frames, 33395712 bytes, 447.99 kbps, fifo 256
[21:04:22] libhb: work result = 0