Whisper (OpenAI) - Automatic English Subtitles for Any Film in Any Language - An Intro & Guide to Subtitling JAV

I am trying to transcribe NEO-017.mp4, is it normal to wait longer than hour?
Performance depends on your hardware and the specific software(there's tons of whisper variations with different models) you're using so that's impossible to answer unless you share that information first.
 
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Edited: Depends on what pipeline you're using. NEO-017.mp4 is 144 minutes. As SamKook said it is impossible to say by sure. But if I need to make a guess based on the T4 Colab env, I would say:

Fidelity | Agressive : 40min - 50min
Balanced | Agressive : 15min - 20min

Plus it usually takes 5-10min do the install and load.