If you are below the minimum/recommended speeds for up/down, then increasing them can help. However, it’s still more about the ping/jitter/latency/packet loss than anything else.
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Well, currently I got 10MB down and 950KB up and the download speed is more like 7-9 most days. I have the opportunity to switch services and get 500MB down and 50MB up. Ping rate has always been around 20ms and jitter around 2ms, but I’m booted constantly and I see my little white connection bar drop all the time while playing PVP.