I guess your question also depends on where the bottleneck is:
- If your network is a bottleneck you could also have a look at the
-C
/--compress
flag to mysqldump
.
- If your computer runs out of memory (ie. starts swapping) you should buy more memory.
Also, have a look at the --quick
flag for mysqldump
(and --disable-keys
if you are using MyIsam).