Hello, I'm a university student that jsut began editing so i'm still learning all the tricks. I have been filming a week long event and want to make a video about 45 minutes long. I've started up loading but it's extremly slow and tedious when i need 3 DVD-Rs to keep one mini-dv tape worth of avi. so i tried encoding to MPEG-2 so i could keep it on one DVD-R, but the encoding times were around ten hours! From what i've read i thought 5:1 encoding to video length was the minimum.
So my question is two fold:
1) How can i encode faster/what am i doing wrong? I am using Premiere Pro 2.0 on a P4 3.06 GHz with 448 MB of RAM
2) How should i be storing my work. I want to edit everything down so i'm concerned about compressing files before i work on them. Ideally, the video would look fine on a normal television.