[paranoia] CD-ROM slow to rip but no errors

[Allen - McLeodUSA Internet Support]

I am trying to rip CDs and it is VERY slow (0.3x), and my CPU is pegged
at 100%.  A FAQ entry said I should upgrade to the latest release, but
as far as I know this is the latest release.  Do I need to get
cdparanoia IV or is something else going on?  How can I fix this
problem?

I have a Matsushita/Panasonic ATAPI CD-ROM drive CD-56E.  It's
identified by the kernel as:

hdb: CD-56E, ATAPI CDROM drive
hdb: ATAPI 6x CD-ROM drive, 128kB cache

cdparanoia says the following:

cdparanoia III release 9.6 (August 17, 1999)
(C) 1999 Monty <monty at xiph.org> and Xiphophorus

Report bugs to paranoia at xiph.org
http://www.xiph.org/paranoia/

Checking /dev/cdrom for cdrom...
        Testing /dev/cdrom for cooked ioctl() interface
                CDROM sensed: ATAPI compatible CD-56E

Verifying drive can read CDDA...
        Expected command set reads OK.

Table of contents (audio tracks only):
track        length               begin        copy pre ch
===========================================================
  1.    20948 [04:39.23]       37 [00:00.37]    no   no  2
  2.    18725 [04:09.50]    20985 [04:39.60]    no   no  2
  3.    18387 [04:05.12]    39710 [08:49.35]    no   no  2
  4.    22785 [05:03.60]    58097 [12:54.47]    no   no  2
  5.    17695 [03:55.70]    80882 [17:58.32]    no   no  2
  6.    21323 [04:44.23]    98577 [21:54.27]    no   no  2
  7.    16780 [03:43.55]   119900 [26:38.50]    no   no  2
  8.    17617 [03:54.67]   136680 [30:22.30]    no   no  2
  9.    18748 [04:09.73]   154297 [34:17.22]    no   no  2
 10.    12337 [02:44.37]   173045 [38:27.20]    no   no  2
 11.    17953 [03:59.28]   185382 [41:11.57]    no   no  2
 12.    44082 [09:47.57]   203335 [45:11.10]    no   no  2

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