So I tried fresh install with the steps you suggested but still got the same problem. There was even the same "hourglass" video file neverthless I had removed the whole program already. Well after that I tried to repair the software with the steps you gave but it broke the software even more so that the program said that there was no connection at all even though everything should have been fine but when I changed the "quality" of the video it got the connection and started to give some pixelated video even with highest 1080p settings with bitrate of 15000 and I noticed that when I clicked options or anything the program stopped working and shut down. Well I removed and installed the software again and now I'm at the same point where I started. Do you have any other Ideas how to get this thing to work? I'm happy that I can capture Xbox normally but the runtime error is really annoying after the recording is done... I will also input my dxdiag.txt file to my original post if you are intrested.