I have a HP Pavilion HPE Desktop- 10 GB Memory and 1 TB Hard Drive, it's ghz is 3.5. I'm using Adobe Premier Elements 10.
Ask in the PPE forum and provide more info - what source files, what output format, what effects used. Nbody can even begin to guess without such info. Could be 1:2, could be you'll have to wait 2 days for it to finish. Video encoding is, after all, a black art even after all those years...
These questions below may be for a different product... but the information you need to supply is the same, for the products you use
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Only one hard drive will be VERY slow... a second (7200 RPM) hard drive for your video files will help
Trying to use only ONE Hard Drive for Video Editing
You are a music conductor, with a baton that you use to point to various parts of the orchestra... this is like Windows pointing to various parts of the hard drive to do Windows housekeeping or to load program segments for various functions
Now, at the same time and with the same hand... while still using the baton to conduct the orchestra... pick up a bow and play a fiddle... this would be doing something with your video file at the same time as all the other work
You as a person cannot do both at the same time with the same hand
A computer is a LITTLE better, in that it can switch from one kind of task to another very quickly... but not quickly enough for EASY video editing
You need AT LEAST two hard drives (separate drives, never a partition http://forums.adobe.com/thread/650708 for more) with Windows (or Mac OS) and software on your boot drive, and video files on a 2nd drive so the boot drive is not slowed down by trying to do everything
PS - that is an internal drive, or an eSata external... not a USB2 external