Dump based on the SQL not fast, but many system doesn't need either, and the simplicity many times shining instead of faster.

Dump the DB out

mysqldump -u root -p --all-databases | gzip > thape_bidb_all.sql.gz # input password

It's the slowest part, so maybe Ctrl+Z and bg and disown -h %1 and having a good sleep.

Transfer DB

scp thape_bidb_all.sql.gz target_server:.

Import DB

unzip thape_bidb_all.sql.gz
mysql -u root -p
source thape_bidb_all.sql
\q

Make analyze and optimize

mysqlcheck -u root -p --auto-repair --optimize --all-databases

Oritinal source