The speed at which the above mentioned methods of creating a nether portal varies. This is because in Minecraft, the generation of all features (including villages, ruined portals, etc.) are dependent upon the RNG (Random Number Generator) function of the game. This means that sometimes, it will be faster to find obsidian from loot chests, and sometimes it will be faster to find sources of lava, water, and iron (required to craft a bucket, which is used to move the lava and water).

Within the word record speedrun for random seed glitchless any%, a nether portal is constructed via the water and lava bucket method, as this is considered the fastest method on average.
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