If the incoming stream is H.264 video and AAC or MP3 audio you want to use:
If the incoming stream is MPEG-2 or MPEG-4 Part 2 video and requires transcoding to H.264 and AAC for delivery to supported player technologies, use:
You can look for verification information in the [install-dir]/logs/wowzamediaserver_access.log file:
If the Libraries loaded you will see something like:
If not this could be due to malformed xml in Application.xml, a faulty install or permissions issue.
Comment server INFO 200 TranscoderSessionNative.loadLibrary: Load transcoder lit: C:\Program Files (x86)\Wowza Media Systems\Wowza Media Server 3.0.0/lib-naive/win64/transcoder.list
If the Transcoder template loaded:
Failure could be due to specifying a template in Application.xml that does not exist or the template is not in expected location. Sample templates are located in [install-dir]/transcoder/templates.
comment server INFO 200 LiveStreamTranscoder.init[live/_definst_/myStream]: Load transcoder template: C:\Program Files (x86)\Wowza Media Systems\Wowza Media Server 3.0.0/transcoder/templates/transrate.xml
Also make sure you have the required drivers installed.