Of course, virtual private server providers have noted this trend as well. Not to be left behind, there are several providers all over the world who allow you to pay for servers via bitcoins in addition to other methods as well.
Do you remember those times when you were living on a college campus with very noisy roommates? Or maybe they were super quiet and you enjoyed every day? The point is, it was a gamble - you never knew whom you ended up with. This is pretty much the same as having shared hosting account - you haven’t the faintest idea who is your roommate on a server. The analogy may sound funny but if someone on a shared server becomes a distributed denial of service (DDoS) attack target or get blocked for mass mailing, other accounts on the server will be affected as well. Also, if a shared account abuses server resources, the whole server will be impacted. Using a VPS is like owning a house with a 9 foot privacy fence. You won’t be bothered no matter what your neighbors are doing.
Similarly, in a real dedicated server, you will pay for the entire server that is not shared with anyone else. You will get complete control over all services. Unfortunately, it is also the most expensive hosting option and needs some technical expertise to manage. It is commonly used by those who have websites with specific scenarios, most commonly extremely high traffic and tight security requirements.
Shared hosting is like you are living in a room with a lot of friends. It means you must fit in the same room and you must split the cost of several things because it is affordable and cheap. However, several individuals are sharing the same space, it means everyone needs to live within a space with restricted resources among them. You will have to use the same things (that sounds a little unhygienic).
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I have used shared hosting for over 7 years before I finally decided to upgrade to a VPS server. When I was using shared hosting, I had so many problems with malware, slow loading time, brute force attacks and so many other issues. Now, my life is so much easier with VPS. What amazes me the most is the support team; they simply exceed my expectations and they are ALWAYS available to answer my questions.