In Episerver 11, the thumbnails for jpegs are broken. In the media library, they display as broken images:
And I see this in the browser tools:
Failed to load resource: the server responded with a status of 404 ()
On the actual url
https://mysite.mydomain.com/episerver/CMS/Content/siteassets/heros/myimage.jpg,,26/Thumbnail?epieditmode=False?1527614597161
On an actual web page and in the Image editor, they display fine. Not entirely sure how the thumbnail system works.
Make sure your thumbnails are saved as png's.
I had the same problem, due to a third-party library for image resizing. It turns out Episerver (CMS version 9.12), always wants to save the thumbnail for an image in a png format.