In my experience, the CPU speed has to match the GPU one, to be able to "feed" it the required data fast enough. If the CPU is slow, the GPU will not be used at 100%, it will "wait" for the CPU data.
There is some other processing going on, besides the pure video encoding, and those tasks are done by CPU, so yes a faster CPU will help if you do anything else but encoding... Transitions, effects, stuff like that.
Theoretically PassMark score for i7-920 is 5000. For W3690 is 9700. A new Slylake i7-6700 will yield a score of 9950 for a lot more money.
Hmm, not sure. Golftown is identical with Nehalem (i7-920), except that was build with smaller, more efficent transistors. That's why Intel where able to keep the power requirements the same when they increased the cores count and frequency.
BTW W3690 is Gulftown too (32nm versus 45nm) and it's a good, safe one. The only difference is that the X ones can be used in a dual CPU system too, W ones cannot. It's like $250 on eBay, much cheaper that replacing the whole platform. Add a GTX960 and you are done.
PS: Stepping is not important, it is an Intel internal code for the masks that they used on a certain CPU.
This message was edited 10 times. Last update was at Oct 29. 2015 21:45