I posted this as a separate post but it didn't get much attention so reposting here.

I'm just getting into Resolve and as you may know it does not come with much in the way of effects. So been looking into openFX and was wondering what people are using. Currently I'm playing around with the Red Giant Universe collection which has a few freebies with the premium effects moderately priced. Was hoping we could make a list also note if it is free or pay. Recently found the HitFilm bundle which can be purchased alone or with there interesting NLE and effects all in one Editor.

Red Giant Universe free and Premium $399, subscription available $10 a month HitFilm Ignite $199 looks interesting http://hitfilm.com/ignite Neat Video $249.90 for OFX

@nomad thank you, but this is one of the examples that doesnt quite do it. Ive made this powergrade, and for some reason on mine it turns reds very salmony-pink. This is kind of cool for skin tones, but any other red object tends to look a little off. It also adds noise.

Has anyone figured out an accurate 3-strip grading technique? I've seen some various workflows that kind of work, but nothing that is accurate and doesn't introduce noise from pushing the colors around so much.

Optical flow usage

@ezzelin I use Resolve to make my optimized media and force it to do 1/4 scale as that has worked better for me than auto. The benefit is I can turn off using proxies and see full resolution if I want to at will. I can also render out at 4K still if there is a need. That being said I am doing small projects so loading media and optimizing doesn't take to long. I look forward to seeing what a better card will do for me anyone have suggestions in the $350 price point? Currently planning on buying a Nvidia 970 card.

It can take a lot of time (as Vitaliy already remarked, the H.264 decoder is quite inefficient), but the space needed is depending on the size. If you leave it on auto, it'll use the timeline resolution, but you can set it to smaller values manually. It seems that with the recent updates at least it doesn't loose the optimized media any more.

Functionality of Resolve depends on what your trying to do. I'm very happy with it and my machine is a 6 year old I7 with 15GB ram and run of the mill 7200 rpm discs. My GPU I'm sad to say is only a Nvidia 650Ti with 1GB. I'm processing G7 4K files but I make 1/4 size optimized media which is not a problem for me editing. If I need to see full resolution I turn off using optimized media as needed. I just edited a ad piece and used Balazer log luts on input and output, typical color corrections, transitions, tracking, etc. and it gives me the full 24 fps with little issues. Now that being said I played with adding a look lut and grain using a matte and corrector nodes and that brought my system to it's knees as it finally used up the 1 gig of video ram. I plan to get a Nvidia 970 with 4 gb ram which I'm sure will be a great boost. If I was editing movies my below average system and Resolves system requirements might be an issue. Add the fact after getting my head around workflow in Resolve I love it and will stick with it and will invest in hardware I'll own.

I run resolve on a 6 core amd phenom, 16 GB ram, two average nvidia cards, a small ssd. many terabytes storage, whole system costs 800-1000 euros max. It's not for 4k, but for everything else, it's pretty good. As a long time Avid mc user, media management, long form projects and heavy effects work, probably have a more fluid workflow on Avid, if you know how to use it. For everything else Resolve is the way to go, I think. Mostly because its free and works out of the box. The cache/ proxy workflow is very useful. And all you can do with color, masks, keyframes, versions, memories, etc is pretty f... amazing

I'd leave Resolve to those who really need it. It is a heavy iron dependent software for the film industry and the fact that there is a free version that can do some editing too has not changed that. What does it really mean to small budget productions if you get the program for free, but the hardware should be something beyond 4-5K U$? OK, with the exception of hardcore gamers who have the latest and greatest GPU anyway…

Most well established NLEs are far more efficient in editing H.264 in particular and cost you less than the beefier hardware you need for Resolve. And, seriously, how many low-budget projects need more grading capabilities than you get in any modern NLE? Many get Resolve only to make these mistakes: https://www.rocketstock.com/blog/the-three-most-common-mistakes-made-by-amateur-colorists/

Remember, if your camera is only delivering 8 bit 4:2:0 there is not much you can do in grading, you need to get things into the ballpark right from the start. Vitaliy is right that H.264 or H.265 can do more for you than 8 bit 4:2:0, and long-GOP encoding is definitely more efficient for movies than intra-frame, but how many camera manufacturers give you this option in low-cost cameras?

I'd say: those who can afford a camera that justifies the use of Resolve should be able to afford the hardware it needs. Plus, they won't be editing with Resolve as it is now, only grading. BTW, in a professional workflow you have picture-lock before you go into final grading …

Using codecs designed for final delivery and distribution is where all the post production woes began.

It is wrong opinion that it is delivery formats only, it is just codecs can be used for anything. In delivery people use fact that such codecs are most efficient ones. But. If you have high equal bitrate, such codecs are still significantly better than so loved intraframe ones.
if you have proper software and hardware it is preferable to use them. In the usual people world HEVC, for example, bring even better value, as you can store very detailed recordings in compact form for many many years.

Quicktime is not the problem. MXF and other 'container' formats are also not the problem as these containers have been around for a VERY long time and have worked well in the professional industry.

QuickTime is a problem :-) Sorry.

I find it amusing that nobody blames the H264 & H265 long-gop codecs!

Meaning? What it is impossible to make proper decoders?

Log-gop codecs are most efficient codecs and this is where future will be going, including cameras.

Resolve editing is still in it's very early development. It's going to be a while before it catches up with the competition.

I think that H.264 is really old codecs, and very good optimized and hardware assisted decoders exist for years, yet Resolve relied on ones that are most bloated and have inefficient implementation. And I even know reason - laziness and saving money.

Updated to 12.3 from 12.1. Didn't notice any performance improvement with GH4 & GH2 h.264 files.