A faster way to copy a postgresql database (or the best way)

Create your dumps with

pg_dump -Fc -Z 9  --file=file.dump myDb

Fc

Output a custom archive suitable for input into pg_restore. This is the most flexible format in that it allows reordering of loading data as well as object definitions. This format is also compressed by default.

Z 9: --compress=0..9

Specify the compression level to use. Zero means no compression. For the custom archive format, this specifies compression of individual table-data segments, and the default is to compress at a moderate level. For plain text output, setting a nonzero compression level causes the entire output file to be compressed, as though it had been fed through gzip; but the default is not to compress. The tar archive format currently does not support compression at all.

and restore it with

pg_restore -Fc -j 8  file.dump

-j: --jobs=number-of-jobs

Run the most time-consuming parts of pg_restore — those which load data, create indexes, or create constraints — using multiple concurrent jobs. This option can dramatically reduce the time to restore a large database to a server running on a multiprocessor machine.

Each job is one process or one thread, depending on the operating system, and uses a separate connection to the server.

The optimal value for this option depends on the hardware setup of the server, of the client, and of the network. Factors include the number of CPU cores and the disk setup. A good place to start is the number of CPU cores on the server, but values larger than that can also lead to faster restore times in many cases. Of course, values that are too high will lead to decreased performance because of thrashing.

Only the custom and directory archive formats are supported with this option. The input must be a regular file or directory (not, for example, a pipe). This option is ignored when emitting a script rather than connecting directly to a database server. Also, multiple jobs cannot be used together with the option –single-transaction.

Links:

pg_dump

pg_restore

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