New Wallet refresh time

git master, local daemon

/home/software/bitmonero/build/release.64/bin$ /usr/bin/time -v ./simplewallet --daemon-port 19000 --generate-new-wallet wall --password foobar
Creating the logger system
Monero 'Hydrogen Helix' (v0.9.4.0-0fbe9cf)
Logging at log level 0 to /home/software/bitmonero/build/release.64/bin/./simplewallet.log
List of available languages for your wallet's seed:
0 : English
1 : Spanish
2 : German
3 : Italian
4 : Portuguese
5 : Russian
6 : Japanese
Enter the number corresponding to the language of your choice: 0
Generated new wallet: 47EkfgWjp6UeeU4hL3CHCogHQG1atn3iN64mFMyLoEE6Fgu7DMoKxY8TpPZXfC9EK6QyzKLdzABCdGWnDNvNcrqDCb4z989
View key: 8c7b6c0bc57293423fb5650d6e472823d416635c1b52b7e6f117d45cf81c260a
**********************************************************************
Your wallet has been generated!
To start synchronizing with the daemon, use "refresh" command.
Use "help" command to see the list of available commands.
Always use "exit" command when closing simplewallet to save your
current session's state. Otherwise, you might need to synchronize 
your wallet again (your wallet keys are NOT at risk in any case).


PLEASE NOTE: the following 25 words can be used to recover access to your wallet. Please write them down and store them somewhere safe and secure. Please do not store them in your email or on file storage services outside of your immediate control.

anybody soothe tawny return swiftly anxiety woken midst
fabrics bays unafraid niece dawn arrow awning dusted
tugs after dullness locker tepid semifinal seeded serving return
**********************************************************************
Starting refresh...
Height 379889 / 107350222
Refresh done, blocks received: 0                                
Balance: 0.000000000000, unlocked balance: 0.000000000000
Background refresh thread started
[wallet 47Ekfg]:        Command being timed: "./simplewallet --daemon-port 19000 --generate-new-wallet wall --password foobar"
        User time (seconds): 6.03
        System time (seconds): 0.57
        Percent of CPU this job got: 40%
        Elapsed (wall clock) time (h:mm:ss or m:ss): 0:16.52
        Average shared text size (kbytes): 0
        Average unshared data size (kbytes): 0
        Average stack size (kbytes): 0
        Average total size (kbytes): 0
        Maximum resident set size (kbytes): 252480
        Average resident set size (kbytes): 0
        Major (requiring I/O) page faults: 0
        Minor (reclaiming a frame) page faults: 84269
        Voluntary context switches: 266
        Involuntary context switches: 214
        Swaps: 0
        File system inputs: 0
        File system outputs: 83904
        Socket messages sent: 0
        Socket messages received: 0
        Signals delivered: 0
        Page size (bytes): 4096
        Exit status: 0

Monero 0.9.3, local daemon

/home/software/bitmonero/build/release.64/bin.0.9.3$ /usr/bin/time -v ./simplewallet --generate-new-wallet wall --password foobar
Creating the logger system
Monero 'Hydrogen Helix' (v0.9.3.0-release)
Logging at log level 0 to /home/software/bitmonero/build/release.64/bin.0.9.3/./simplewallet.log
List of available languages for your wallet's seed:
0 : English
1 : Spanish
2 : German
3 : Italian
4 : Portuguese
5 : Russian
6 : Japanese
Enter the number corresponding to the language of your choice: 0
reGenerated new wallet: 48Dct9WaGqpYpd7QMHLhfjhyehfrdjv269JzcgrBJwdPfYFy5fzTBUkMv5caMkkAWWMvgYThtP4DugqYQxJQzJFMJKnh2TZ
View key: 8dd175ae139b60ec2fc0ac8364bfc070d173a2a6f6e5bdc16ee20b3c264d3202
**********************************************************************
Your wallet has been generated!
To start synchronizing with the daemon, use "refresh" command.
Use "help" command to see the list of available commands.
Always use "exit" command when closing simplewallet to save your
current session's state. Otherwise, you might need to synchronize 
your wallet again (your wallet keys are NOT at risk in any case).


PLEASE NOTE: the following 25 words can be used to recover access to your wallet. Please write them down and store them somewhere safe and secure. Please do not store them in your email or on file storage services outside of your immediate control.

orbit northern thwart future amaze eagle upcoming dozen
kitchens sailor heels arises movement huts jobs tucks
public bemused gills snake general lectures muppet obnoxious orbit
**********************************************************************
[wallet 48Dct9]: fresh
Starting refresh...
Height 137892 / 111792555
Refresh done, blocks received: 1114934                          
Balance: 0.000000000000, unlocked balance: 0.000000000000, including unlocked dust: 0.000000000000
[wallet 48Dct9]:        Command being timed: "./simplewallet --generate-new-wallet wall --password foobar"
        User time (seconds): 821.26
        System time (seconds): 131.56
        Percent of CPU this job got: 215%
        Elapsed (wall clock) time (h:mm:ss or m:ss): 7:21.69
        Average shared text size (kbytes): 0
        Average unshared data size (kbytes): 0
        Average stack size (kbytes): 0
        Average total size (kbytes): 0
        Maximum resident set size (kbytes): 393288
        Average resident set size (kbytes): 0
        Major (requiring I/O) page faults: 0
        Minor (reclaiming a frame) page faults: 3533893
        Voluntary context switches: 3330329
        Involuntary context switches: 266005
        Swaps: 0
        File system inputs: 0
        File system outputs: 87512
        Socket messages sent: 0
        Socket messages received: 0
        Signals delivered: 0
        Page size (bytes): 4096
        Exit status: 0

So, old simplewallet with a fully cached, fast local daemon took over 7 minutes to create a new wallet. New simplewallet took only 16 seconds, about 27x faster.