Download this free Compressor repair app from Digital Rebellion:
http://www.digitalrebellion.com/compressorrepair/
To setup the Qmaster in Compressor:
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Setup the panel like below
Click on the option button...
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Pick half what is shown for Number of Instances. (After you try the a test video. Max out the number of instances and see which setting works best for you.)
OK.
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In the Inspector window... check Allow Job Segmenting...
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Click Submit...
Pick your cluster... Submit.
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Try a short video, 3 minutes or so that you know that works in Compressor. Compress to h.264 for convenience. You can (should) open Activity Monitor app to see how Compressor is working.