I have done authentication->none settings in VHost.xml
I'm on developer license key, do I need to get a license to use this feature of transcoder? I was planing to buy it after my development server runs fine.
If this is not possible I will have to generate lower profile videos and keep them physically. Than write a system to create smil files for them. I'm planning to use
transcoding.com kind of service. But I'd really like to handle transrate operation on my server. If on-the-fly multi bitreate streaming isn't available than can I use wowza transcoder to create phyical files?
The Wowza transcoder is currently only designed use with live streams and not for video on demand.
You could set up something using the Stream class and feed that into the transcoder but the resulting streams would be live streams and would not be able to seek however, you could record them for later playback as adaptive bitrate vod.
You would set up a Stream class smil with a single VOD file in the playlist and with repeat set to false so it would not loop around.
You would set the LiveStreamRecord to record just the transcoded streams and not the original stream which you already have. The transcoder passes through the original stream with a _source appended to the name. You may need to record this as well to keep everything synced.
The developer license should allow you to transcode 1 stream. It will be watermarked but it will allow you to test the setup. When you start Wowza, it should tell you in the logs how many transcoder sessions your license will allow you to run.