The class authenticates when it connects. As long as you do not disconnect, you do not need to authenticate.
Anyway, SMTP relay is the slowest method to queue messages for delivery.
If you are using Linux, Mac OS X, Solaris or any other kind of Unix, you can use a MTA like sendmail or equivalent like qmail, postfix or exim, and drop the messages in the mail queue. On Windows you can drop messages in the MS Exchange pickup queue.
That is much faster than using SMTP because sendmail injects messages directly on the MTA queue, so you do not need to use TCP connection to communicate with SMTP server.
You can use any of these queuing methods with the MIME message composing and sending class. Just call the SetBulkMail function to optimize its behavior for mass mailing. Take a look at the test_personalized_bulk_mail.php example script.
phpclasses.org/mimemessage