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If Celeron G3900 / 8GB / 2TB is enough for what you have in mind, we have an offer at 295$/year.
https://www.ikoula.com/en/dedicated-server
Definitely, it is possible, but it depends on what are your other requirements...
it is possible on old desktop CPU or Xeon 53xx, 54xx, L5520.
Talk to Reliable Hosting Services LLP.