What is mining exactly? It is solving the same mathematical problem over and over again. In the early days of BitCoin, it was profitable to use CPU capabilities for mining. But the truth is CPU is not meant for performing repetitive tasks all day long. CPU mining is not fast enough, compared to GPU mining or more sophisticated solutions like Field Programmable Gate Array (FPGA) and Application Specific Integrated Circuit (ASIC). Taking into account a hosting fee that you will need to pay for a VPS, your profit will be next to nothing. That is why we do not recommend using a VPS for mining.
For most purposes, a virtual private server is similar to a physical server and since they are software-defined, they can be more easily configured and created.
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If you are familiar with hosting control panels, shell commands, and you have basic server administration and troubleshooting skills, then unmanaged VPS is the way to go. Note that while you purchase self managed VPS, you should be capable of managing applications, software, services installed on your VPS. Also, you must know installation/uninstallations, resource monitoring, server performance tweaking and troubleshooting of any technical issues.