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I did not have any speed issues with SnagIt 8.
I believe the issue is with version 10 because when you select an area of the screen to capture, the rest of the screen has a black overlay and that color change is happening in real time just consuming the internet bandwidth.
Is there a way to disable the screen overlay/transparency while making a capture and just have the cross-hairs like in the version 8 of SnagIt?