Hardware GPU acceleration not working on RTX 3090 & i9-10900KF

Hello,

I haven't had luck with hardware acceleration on studio, it uses 100% CPU most the time even when it's set to Auto in settings and takes hours. GPU hovers around 20-50% and disk usage is 15-30%.

Screenshots and log files are below. Can anyone from Insta360 comment on why?

Export settings below.

LOG FILE LINK

https://www.mediafire.com/file/f2hhh1dvfgsriz9/2022_10_14+-+Copy.log/file

SCREENSHOT