mysqlhotcopy vs mysqldump

mysqlhotcopy is a Perl script that was originally written and contributed by Tim Bunce. It uses LOCK TABLES, FLUSH TABLES, and cp or scp to make a database backup quickly. It is the fastest way to make a backup of the database or single tables, but it can be run only on the same machine where the database directories are located. mysqlhotcopy works only for backing up MyISAM and ARCHIVE tables. It runs on Unix and NetWare

The mysqldump client is a backup program originally written by Igor Romanenko. It can be used to dump a database or a collection of databases for backup or transfer to another SQL server (not necessarily a MySQL server). The dump typically contains SQL statements to create the table, populate it, or both.

If you are doing a backup on the server and your tables all are MyISAM tables, consider using the mysqlhotcopy instead because it can accomplish faster backups and faster restores.