but... what? why? There's no way your computer can't convert the CD in the time it takes to "find + download" the disk.
I mean.. it'd have to be a really really slow computer
About 2-3 minutes to "find+download". Like 10-15 minutes to rip from CD.
Either you've got a sucky optical drive or something's set up wrong. A typical CD takes about 3-4 minutes to rip here, and that's with read speed limited to 24X (the minimal saved time at 32X never is never worth additional wear and noise). EAC using AccurateRip + CTDB, so assuming everything's fine I can use burst mode and get a perfectly fine rip. Occasionally I'll have to re-rip a track or two in secure mode, but that doesn't take ages either.
Granted, my drives definitely do not suck when it comes to reading audio CDs (Optiarc DDU-1671S and LG BH10LS38). Slimline drives can be pretty horrible. (Of course, as if to prove me wrong, the TSST TS-U633J in my work notebook seems to have pretty darn good CD reading abilities. Then again, this one hasn't seen more than a handful of discs in its life.)
You have to be careful with CD rips from dubious sources. Apparently there's enough jokesters willing to upload FLAC versions transcoded from MP3s or other lossy sources.
We're currently on a 16 Mbit down / 1 Mbit up connection, though download is currently limited to 5 Mbits as that seems to be the limit for our trusty 12-year-old DSL router with 10 Mbit WAN. Anyway, it's fast enough. That connection usually isn't the bottleneck anyway - not infrequently a Youtube vid won't even load fast enough for 360p.
