Hi,

update valley set test='this is a test'

Such query updates ALL of your records in the table. 
5 million records * 47 fields - that can be several gigabytes of data.
The system has to scan that gigabytes to change every record. This is a huge 
task. Try vacuuming and see if it helps. It can help a lot, if you perform 
such 'whole table updates' often.

Best regards,
Piotr Kolaczkowski

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