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The current version just lists everything from everywhere, without any distinction, which may not be a problem, but I prefer to choose mirrors from my area and that's just an exercise in hunting.
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look at /etc/pacman.d/mirrorlist
they are accessed in order.
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another idea: why choosing the mirror by its location? the speed is important.
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Sorry, perhaps this being in Installation isn't enough information. I am talking about at the install, not after.
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