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Google is intentionally throttling YouTube videos, slowing down users with ad blockers
(www.windowscentral.com)
This is a most excellent place for technology news and articles.
try to get a ssd from somewhere, that gives devices like yours a second life (and if you switch to linux it gets even smoother - sorry i couldn't resist)
I'm running ZorinOS on an SSD.
damn, your description reminded me of my experience with laptops running off a 5k rpm hdd using windows 8. sorry for assuming.