Funny that you asked! I was going through my home video tapes the other day: VHS, Hi8, MiniDV, a lot of tapes and a lot of memories worth preserving. I've been exploring my possibilities. My goal is not to do any authoring yet, but to digitize all these videos at the best possible quality, so I could preserve them for a long time. Fortunately I have a NAS file server at home with enough terabytes and with RAID5 redundancy, so the storage should not be an issue.
Here is my plan:
1. I will start with MiniDV tapes and will transfer them at the highest possible quality (without any compression) via FireWire. That should be easy, as I do have a MiniDV camcorder in a good working condition. (Warning! Use FireWire, not USB! I've discovered my Sony camcorder downgrades the picture quality significantly when sending video via USB!)
2. Hi8. That's a tough one! My old Hi8 camcorder is in very bad shape. I just hope I can make it work. If so, then I plan to connect its video output to the video input of the MiniDV camcorder (I have never tried that, but I know it's possible) and will use it as a pass-through analog-to-digital converter. Now, if my camcorder doesn't work, then I may have to buy a used one (or borrow it from a friend). The best choice, as I understand, would be a Digital-8 camcorder, that can both play and digitize Hi8 recordings.
3. Finally - VHS. I do have a working Toshiba VHS/DVD writer, so my first thought was to use it for that purpose. However, after burning several DVD's I am not impressed with its DVD authoring abilities and I am not sure that its built in MPEG2 encoder is as good as what computers can do these days in software. So, what I am thinking of is again sending the VHS analog output signal to the MiniDV camcorder and digitizing it that way. Since storage is not a problem, I plan to store all videos uncompressed and worry about MPEG2 encoding and DVD authoring at a later time.
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