Race to the Bottom News: 2GB RAM, 2IPs for $1.67 monthly
- Thread starter DomainBop
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Did anyone here happen to grab one? ... to test the oversold-ness.
I'm sure it will perform fine at first. Most people don't actually use their VPS for the first few weeks anyways, unless they migrate over an active web site right away which is a small percentage.
2GB of RAM is one thing, but they don't say how much CPU. Considering $1.67/month and the standard E3 with RAID costing ~$150 (with profit) then are we to assume that you'll only have 1/23 of a processor guaranteed to you? Because good luck using 2GB of RAM if you are sharing a processor with 23 other users.
2GB of RAM is one thing, but they don't say how much CPU. Considering $1.67/month and the standard E3 with RAID costing ~$150 (with profit) then are we to assume that you'll only have 1/23 of a processor guaranteed to you? Because good luck using 2GB of RAM if you are sharing a processor with 23 other users.
I should add, this could be a way for CVPS to cook their books in an attempt to get investments but will be an utter failure in a long term business plan.
If their bank (or investors) are only looking for cash-basis accounting statements, then receiving these $60 prepayments at the end of the year will make their company look extra profitable. However, if the banks were smart and asking for accrual statements then I'm assuming their books would look downright ugly.
For those not familiar with accounting terms, cash basis means recording revenue when you receive it, accrual basis means recording revenue when you earn it. The difference would be them recording $60 right now for cash basis and only $1.67 per month for accrual basis.
If their bank (or investors) are only looking for cash-basis accounting statements, then receiving these $60 prepayments at the end of the year will make their company look extra profitable. However, if the banks were smart and asking for accrual statements then I'm assuming their books would look downright ugly.
For those not familiar with accounting terms, cash basis means recording revenue when you receive it, accrual basis means recording revenue when you earn it. The difference would be them recording $60 right now for cash basis and only $1.67 per month for accrual basis.
DomainBop
Dormant VPSB Pathogen
23 users? You're vastly underestimating the overselling that goes on with many low end OpenVZ providers. When ChicagoVPS's database was hacked and posted on the Internet in June it was revealed that they regularly sell 200GB-300GB worth of RAM per 32GB E3 node.
Today's gold is tomorrow's shit in serverland, and that is one of the reasons I wouldn't make a 3 year commit to a package with a fixed amount of resources from any provider. The other reason I wouldn't make a 3 year comitment is I can't estimate what my needs will be in year 2 or year 3.
Offers like this rarely mean everything is wonderful. It usually means a company is having trouble meeting its short term cash flow needs, operating expenses. That was my first though when I saw this offer, and it was my first thought when I saw WeLoveServers CyberMonday deal today.
I'll go to 99 cents a month with a 40-year commitment.
professionalxen
New Member
Or you can just go with eduvps which offers free vpses with decent hardware 
But their setup is for learning isn't it? It isn't supposed to be treated as 'a VPS provider because im too cheap'.Or you can just go with eduvps which offers free vpses with decent hardware
I've seen some of the horror stories those guys post of all the little shits running BTC miners and such.
Francisco
professionalxen
New Member
Yes, i agree with you on this one.
However, they've done many improvements and there is very little amount of abusers left.
But in all honesty,a VPS from them should be good for some minor hosting people are running.
drmike
100% Tier-1 Gogent
Yeppers... CVPS has leaked at least twice, officially. No cleanup, no government declaration of the snafu, nada.I used ChicagoVPS once when they had the 512/$2 "Birthday" deal, what a mistake... The VPS was crap and I got to have my personal information leaked
Surely, CVPS would argue that nothing of importance was leaked thus no reason to report the break-in, twice. I disagree.
One of these days, someone is going to take proper legal actions, until then the circus continues.
True but normally those are hostgator unlimited everything plans.3 Year terms aren't uncommon in the shared hosting world, can't say I've ever seen it on for a VPS though. I used ChicagoVPS once when they had the 512/$2 "Birthday" deal, what a mistake... The VPS was crap and I got to have my personal information leaked
Really, you can't offer more than unlimited can you?
Francisco
DomainBop
Dormant VPSB Pathogen
They've been hacked 3 times in the past year: SolusVM 11/12 and 6/13, and WHMCS in October (they claimed that the hacker in Oct. was "only" able to download 3% of their customers data). They accept credit cards directly and store the info so the WHMCS breach should have been treated much more seriously than it was, i.e. they should have followed proper notification procedures and notified state agencies and their merchant account provider.
Chris is posting his usual "it's all Solus'' fault, none of it was our fault" BS on their offer today. If you put a script with a history of security problems into production on your site without understanding the code that you're putting on your site then you share part of the blame if your site is hacked.
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texteditor
Premium Buffalo-based Hosting
Amitz
New Member
Thank you, I lol'ed.