Some people get lucky, but it is definitely "one hell of a slow camp" for most of us. I leveled off the Minos on my monk while camping raster, and was there for several levels. I'd say in total it was probably 20+ hours over the course of multiple camps (longest single session was maybe 4-5 hours). I would camp out by the spawn spot, and one day I logged in and he was just up
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Again, not everyone has this bad of a camp, but I've heard a lot of similar stories.