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The only thing you should do differently is set the "Emails to send at once" value to at least the amount of users you have registered. It defaults at 500 but the whole point of this hack is to eliminate having to send email in blocks and wait for the process to finish. Just set it to a real high number.
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So why not just do that to begin with? That's what I do manually every month. I set it to 10000 and send the mail.