Higher speed transfers
The best advice that we can give you is : do not be tempted to do it.
You will save a little time, but your recordings will be compromized, you will lose high frequencies - and you may damage both your records and your equipment.
High Speed Dubbing
Because Audacity can change the speed of recordings, it is possible to record your 33 1/3 rpm records into Audacity at 45 rpm (so transfer them more quickly). Once the track is recorded into Audacity, simply select all the track by clicking in the Track Control Panel (where the mute/solo buttons are) and click. In the "From" box choose the speed you played the record at (for example "33 1/3" or "45") and in the "To" box choose the speed you want to convert the recording to (that is, the speed it should be played at according to the label).
Where you are recording at a faster speed than normal for example recording a 33 1/3 rpm record at 45 rpm, it is recommended to set the sample rate for Project Rate in Audio Settings Preferences to a higher sample rate than 44100 Hz to ensure you record the full audio spectrum. For recording 33rpm records played at 45rpm, a sample rate of 60k or more is needed to record the full 20000 Hz spectrum. If 44100 sample rate is used when recording, the final audio will be limited to 14800 Hz bandwidth. Also set the bit depth to 32-bit as this will give better quality when the Change Speed and Pitch effect is applied.
Why you should not do this
Accelerated recording does not give the best sound quality, for two reasons:
- The playback equalization curve is being applied incorrectly in the record deck pre-amp. While correct for normal speed play, all music content is frequency shifted during accelerated play, and equalization is therefore incorrect.
- Cartridges behave poorly beyond 20000 Hz, and an accelerated deck is using the cartridge at up to 27000 Hz to play back audio content of up to 20000 Hz. Consequently distortion will rise, high frequency response will be more peaky, and generally the highest frequencies will be lost. How much of an issue this quality loss is depends on the cartridge, but it will always be present, with no cartridges giving as good performance to 27000 Hz as they do to 20000 Hz.
Consider the case where you have a superbly-recorded 33 1/3 rpm vinyl LP that contains audio with frequencies ranging from 20 Hz to 20000 Hz (the nominal full range of human hearing). When you play it back at 78 it will sound like chipmunks on helium. In effect you have translated that original frequency range to the range of approximately 47 Hz to 46800 Hz. Now the cartridge that is playing back these frequencies was designed to reproduce the 20 Hz - 20000 Hz range, and if it is really, really high end it might be able to reproduce frequencies up to 25000 Hz. So everything from 25000 Hz upwards is lost during high-speed playback. You end up with recorded frequencies in the range 47 Hz to 25000 Hz. Now we use software to reduce the speed back to normal. The chipmunks become human again. And the resulting frequency range we are left with is 20 Hz to 10700 Hz. You basically lost all the high frequencies. This is assuming the best possible recording with the best possible cartridge and no losses during the software speed-reduction step. The results will be even worse if the cartridge is average - if it cannot reproduce frequencies above 20000 Hz your resulting recording (after speed reduction) will have no frequencies above 8500 Hz.
Now this is just the first part. The second part involves the RIAA playback equalization (EQ). The LP was recorded with this EQ curve at normal speed. When you play it back at high speed all the frequencies are shifted and the playback EQ curve is applied to the wrong frequencies. This would also need to be corrected in software.
Third, even if your cartridge could reproduce frequencies up to 50000 Hz (which is highly doubtful), there is no guarantee that your pre-amp will pass these frequencies, and even if it did it is highly unlikely that the playback EQ curve would be well-defined at frequencies above 20000 Hz.
Not only will your recordings sound muffled, you will damage your LPs by doing this. The stylus that tracks the groove in the record is part of a mechanical system. When it cannot move fast enough to follow the grooves (which is what happens when you play a 33 at 78), it just ploughs through the grooves, inflicting permanent damage.
Running a record fast to "get it over with" has one problem above all else. The needle is designed to vibrate and move very accurately only in a narrow range. Exceed that range and the needle stops picking up the music.