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For real time transcoding, you will need a PC with a newer CPU that supports hardware H.265 encoding.
Do you mean 12-bit? Because previous versions have been supported since 2015-2016.
I would still consider an 8 year old CPU to be fairly recent considering performance has only increased a couple percent per generation.
12 bit video is uncommon, so support for it is not really needed. Intel Skylake or newer will work for 8 bit H.265.
If you have any video in 10 bit H.265, you will need a Kaby Lake or newer CPU in order to decode it in hardware. Software H.265 decoding will limit it to 1 or 2 streams depending on the CPU and video quality.