size = the amount of RAM (m for megabytes)
/mnt/ram = the mount location of the ram disk (change to the path you want it mounted to)
mount -t tmpfs -o size=4096m tmpfs /mnt/ram/
Example test in an old server:
You can see that when reading if you don't specify bs1=M the read speeds are several times slower (eg. 450MB/s vs 2.1GB/s)
mount -t tmpfs -o size=4096m tmpfs /mnt/ram/^C
root@testserver:~# dd........