From the paper listed on the page it looks like it takes about 305 hours to process a 10 minute video. The vast majority of that is during the "source selection" phase which takes 1 minute per frame of video.
It'll still be slow (a couple hours for a 10 min video) but running on a singe standard PC (with GPU).
> "In this work, we were more interested in building a proof- of-concept system rather than optimizing for performance. As a result, our current implementation is slow. It is difficult to measure the exact timings, as we distributed parts of the SfM reconstruction and source selection to multiple machines on a cluster. Table 2 lists an informal summary of our computation times. We expect that substantial speedups are possible by replacing the incremental SfM reconstruction with a real-time SLAM system [Klein and Murray 2009], and finding a faster heuristic for preventing selecting of oc- cluded scene parts in the source selection. We leave these speed-ups to future work."
Set aside $50-100 a month, it'll probably be a lot cheaper in a year. (assuming optimizations and cheaper cloud services)
Upload video, generate hyperlapse, generate a URL and view the higher bitrate video on iPhone, Android or Windows. Considering GoPro/Drone videos generate lots of interest, this will be a very highly useful service.