depends on you game/content.
Start with 720p/30fps x264 preset fast and ~3000kbit/s.
For shooters and 60fps, i would increase bitrate to 5000kbit/s, but then you might loose some potential viewers.
it is better (very slightly) but in more CPU demanding games, preset slow might be to much CPU load, even for an beefy 8700k (at least at 720p 60fps, but with 30fps it might work).
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