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Ideal ISP Speed; do most over pay for speed they do not need?





I am curious what others think about ISP connection speed. I currently have 30 Mbps but can buy up to 1 Gbps. The description of "ideal" connection speeds from my ISP state:
- Up to 10 Mbps download speed. Ideal for basic online use including light browsing and email. ($20)
- Up to 30 Mbps download speed. Ideal for basic online browsing, email, social networking, messaging and online banking. ($30)
- Up to 150 Mbps download speed. Ideal for streaming videos, downloading music and uploading photos. ($50)
- Up to 300 Mbps download speed. Ideal for HD streaming, live-action gaming, and 10+ household devices. ($70)
- Gigabit ($100)
I have researched bandwidth requirements and I just don't see how these statements are true, "ideal" or otherwise. Streaming HD video is typically 1-4 Mbps per stream, though I have seen references higher but all below 10 Mbps. (4K/8K video is an obvious exception.)
In practice, I have 30 Mbps and have never experienced a bottleneck with multiple simultaneous video and audio streams, in addition to many other devices connected, including home-office business-based Skype and Zoom web conferences and a business HD VoIP phone.
My "internet speed test" in Fing "powered my MLAB" always reports my internet as being in the "bottom" 25%. I assume that measurement is reporting my speed as being among the slowest households in the area, or most everyone else is connected at a higher speed.
The Fing app shows my connection as 1 star out of 4. Even that is misleading, as my actual experience is the opposite. My ping times to my ISP are under 10 milliseconds and VoIP "jitter" to my outside provider is excellent. (Most other internet sites are usually under 100 ms like Hulu and Yahoo.)
I pay about $25 per month (I bundle for savings). Many people I know have very fast connections, and they pay a premium for it. If I followed the advice of my ISP and went along with my neighbors, I might pay at least $45 and up to $75 per month more for something I do not need; that is $540 or even $900 more per year!
Do you know what I mean? [I guess we could be having this conversation about the top end speed of cars, I know.]
1.) Do you have (or advocate to family & friends) a high speed (100mbps+) internet connection?
2.) Have you upgraded your internet speed (like above 100 Mbps) to solve a specific bottleneck/bandwidth problem (other than 4K video) for a household connection?
3.) Do you think my ISP is misleading in their description of "household" needs?
4.) Do you think Fing is complicit / promoting this notion that the highest internet connection speed available is advantageous by displaying the four-star rating system in the "Internet speed test" part of the Fing app?
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Comments
I assume that FING's rating is based on what they measure and that those who get a FINGBOX might be the more advanced Internet users with typically the higher bandwidths. So for those amongst us who try to find the right balance between USD/EUR and bandwidth, we tend to end up at the lower end of the statistical scale.
Unless you do P2P downloading or download games (which are typically a couple of GB), I'd say that 20/2 is sufficient per user and anything above that doesn't really make a lot of sense.
My Advice is to start as low as you can tolerate. Many isp’s can upgrade you later on if you find it not adequate. I have 30+ devices on my network ranging from iot devices, computers, tablets, phones and 4K TVs. My current speed is 200mbps and I don’t have slowness issue. Event at 150 we were fine.
I have 500MB (didn't take the router and managed to weasel my way out of them forcing it on me) which I got mainly for the upstream - so I can back up my NAS to glacial cloud storage.
Now why does this not surprise me?
Where I live 40mbps (max) download and 8mbps upload is the fastest I can ever get. It works fine most of the time for us - 5 people all using the internet for normal home usage. However If I had the option I would pay more for a faster connection.