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I use the same, 8gb ram 2x2tb drives and run a 5mp geovision on it, and 640x480 axis and it's got no problems. I use milestone essentials I think it's about per camera per license from the US.CPU reads at about 20% on the two cameras and thats recording.
I took a look at Milestone and it's a valid option. I can see the camera with the included UC software and also with the webpage, but the commercial software does not see it.Currently have a ccdcams 5911p and a couple of foscams.