I tested my speed with ookla. I also have a speed counter on my status bar (enabled using GravityBox). Both of them show different results. I tried another speed test site as well, an it shows another result. Can anyone explain whats going on and which one to trust?
It's the difference of byte VS bit at play here - 1MB/s (byte) = 8Mbps (bit). The 2 speeds displayed match well.
As for different speed testing sites showing varying results: obviously they use different servers, bearing different route and latency. Speedtest (the one you're using) chooses the best based on ping, but not necessarily every site does.