Streaming W/ old hardware?
Those Xeons are quad core, but they're weak quad cores. They would do 1080p 60fps if you tweak the encoder (preset ultra fast, disable CABAC etc etc) but it's a lousy buy.. and the software encoders don't like working with 2 separate processors (it's slower to transfer data between physical processors compared to using a bunch of cores on a single processor)
Basically, a single Ryzen 3 1200 will be about 10% faster than 2 x X5355 ( quad 2.66 Ghz)
I'm not sure it's worth it. You can get a Ryzen 3 2200g (99$) in around 2 weeks and you get integrated graphics with hardware encoder, add 40-50$ for motherboard add 40-50$ for psu and case and 40$ for memory and maybe 20-30$ for a hdd (if you can't reuse something you have around) and you have a system for 200-250$
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