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VPS stands for Virtual Private Server and refers to a private, emulated dedicated hosting environment created through virtualization on a host (a computer or other device connected to other computers or devices via a network), server (called the “parent server”), or cluster of servers. It acts like a physical server but, in reality, it’s a piece of software that’s emulating dedicated hardware.
In order to be able to make consistent or recurring payments with bitcoins, it would be a good idea to generate and then email the service provider with a new bitcoin address for each transaction which should be paid before the cutoff. You should then track the address in order to ensure that timely payment has been made.
The main problem faced by users paying for VPS through bitcoin is the fact that while payments to VPS service providers are generally monthly, bitcoin generally does not support recurring payments. This is mainly due to the fact that bitcoin is a push technology i.e. a transaction which has to be initiated by the publisher rather than the client or the receiver.
A great advantage of VPS, compared to both shared and dedicated solutions is snapshot technology support. A snapshot is a state of a system at a certain point in time. It works like game saves in your favorite computer game. If a game is not going well, you can exit and start from a checkpoint. A snapshot works the same way; if you need to go back in time, your system can be restored from a snapshot to its previous state. It is extremely useful in case of a system failure or simply if you run complex tests and wish to save your progress. Unlike a backup option that copies the whole system each time you run it, a snapshot contains only changes. This means that a snapshot takes less space than a backup and can be created/restored quicker. It does not mean that you do not need backups though. Backups are still life-savers in case of operating system failure. Don’t forget to store them externally.
With a dedicated server, you can install any operating system. Cloud VPS offers a limited selection (at Liquid Web, it’s CentOS 6, CentOS 7, Ubuntu 14.04 LTS, Ubuntu 16.04 LTS, Debian 8, Windows Server 2012 R2 Standard, and Windows Server 2016 Standard Edition.) Otherwise, both options give you full root access with control over the OS and all the software in the environment.
With VPS, you pay for what you use in the sense that you select a certain amount of bandwidth and storage to be allocated in advance. Scaling involves resizing your resources. But with cloud hosting, you pay for what you use in that your resource levels are not pre-determined, which means unpredictable pricing that tends to be more costly than VPS due to the overhead and complexity involved.
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.