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GPU choice, honestly, is easy as hell right now.
If you have (or will soon have) kernel 6.2 or higher, get an Intel Arc A380.
150€
great h.264 & h.265 performance, VMAF scored above 3090 in most cases, especially at lower bitrates. Tests were done at release and drivers have only improved
literally the cheapest AV1 encoder GPU available
open source drivers
less that 100W full load
small form factor
I run my instance on an old i5, it's able to transcode things at 1080p, when needed. Unless you REALLY need some serious performance, or want to use a very low power CPU for some reason, a GPU really isn't necessary.
The computer I am running it on has a dual core Athlon 64x2 and no integrated graphics, so I do need a GPU. I ended up going with a 1050ti because I intend to allow some friends on it meaning 4-5 concurrent streams is a possibility and I found one for really cheap on Ebay because the fan was broken. Thank you for the recommendation though, I should have provided more information when I posted this.