I regularly watch on my server when I’m not home and a few friends of mine also have access to it, so I need the content to be available in SDR and lower bit rates. When I stream from home, I‘d like to have access to the full quality and HDR though, so either I need multiple versions of each film or hardware encoding/tonemapping and a used gtx 1050ti was a lot cheaper than the required storage would be to have 4 or 5 versions of every film.
But yes, if you’re only streaming within the same network, hardware transcoding isn’t necessary in the slightest. But then a SMB fileshare might also suffice…
Well, my internet connection would have to be a lot faster, and they would all need devices that support UHD h.265 and HDR10 playback. But if you have have gigabit upload and they all have shields or similar with just as fast connections, you’re good to go without transcoding (if no one wants to access it through mobile)