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Something that is an interesting read, if true: is that there may be a relationship between emoloyment figures and inflation. ( https://www.investopedia.com/articles/markets/081515/how-inflation-and-unemployment-are-related.asp )
For those wondering... EU rates: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Unemployment_statistics
It's something that some users don't quite seem to understand. Users can't expect to have the same price forever, especially with low-end services where the margin is very small, given the providers costs will almost always go up year over year due to inflation. A provider isn't going to go into the red just so customers can keep $10/year VPSes
This. Inflation is quite a bit. Inflation is huge factor. 20years ago 1 liter of 95 octane gas cost 1€, now it's like 2.30-2.40€ as an example here in finland
Ahhh..
I got quoted €160/kVA in March 2021, €380/kVA in May 2022 at a datacenter in Greece. Who knows how high prices are now / are going to get as we enter the winter period.
Interesting they charge based on kVA since servers tend to have about 0.99% power factor.
380€/kVA translates to about 0.52€/kWh -- depending on the other details, is that from peak load or average load?
That's true but things aren't so black & white. What about resurces point of view?
Back then, lets say 10 years ago we paid $15 - $20/y for 182MB - 256MB VPS, now we pay this same price for 1024 MB - 2048 MB VPS.
Every time when some of my old host on ancient hardware which amortized itself my moons ago hike price of those small outdated packages I get a less reasons to stay hosted with them as i can get 10x more resources for similar price on a modern software with some other hosts.
Price of the IPs can be issue of course, but that's completely different story which does not necessary affect many of those old hosts who had a decade or more to hoard IPs when they were cheap.
Yeah that seemed odd to me too; any other DC I've worked with charges by the kWh.
Not ideal.
I believe they charge based on average load, but with a 1kVA increment.
So if you were using 1.1kVA you'd have to pay for 2
Far from ideal, that means on average you pay a bit more unless people optimize to get to 95% level or so -- and will disincentivize in some cases from saving electricity.
Means that if average rack is using ~4kva most will be paying ~50% extra of the last kva on average. at 4.5kva price becomes then 1900€/Mo or 0.576€/kWh and at 3.5kva price becomes 0.592€/kWh
On average case where user does not pay attention to matching the consumption. Super super expensive.
From another thread, fits here better ( https://lowendtalk.com/discussion/comment/3475650/#Comment_3475650 ):
Well, California just yesterday had some sort of energy crisis AGAIN, and let's not forget that California has had an on-going energy crisis for what, a decade now? Skyhigh electricity prices, unstable grid.
and looks like Asia + US as well, first google results, no better idea than that. Tho CNN is typically to be considered propaganda fake news, they do have some real news in the mix to give validation and presumed legitimacy for the propaganda. Same goes for WSJ at a little bit less degree:
https://edition.cnn.com/2022/06/25/business/asia-energy-crisis-sri-lanka-pakistan-australia-coal-climate-change-intl-hnk/index.html
https://www.wsj.com/articles/americas-new-energy-crisis-11659153633
Biden administration has been hard at work to cause a energy crisis in USA, they stopped giving permits for new fields / explorations, stopped a pipeline project, sold huge amount of US strategic reserves to Chinese company in which Hunter has a stake in. They are robbing the US citizens blind, while doing everything they can to hinder energy production. MSM is silent about these events, as far as they can.
This is going on everywhere in the world where leftist / socialistic has been elected. Just as they like, rob everyone blind and cause mayhem.
Italy is leading the pact, supermarkets shutting off lights, refrigerators and firing staff:
how do you think this will impact Hetzner & likes? they are primarily in Germany.
Already made a 10% increase some days back, but reading this thread I feel it might not be enough for coming months.
Probably another price increase coming OR massive losses, and slowing investments
Hetzner nearly doubled colocation prices for electricity which should be an indication of what's going to happen to other services as well. Their biggest expense on the dedicated servers is energy consumption (and the cooling associated with that), I have a good hunch that the prices of all servers will be increasing every couple of months now, as they do not want to introduce a huge increase at once. Seems like what some providers are doing in the EU.
I was hoping Hetzner would keep their Ashburn prices and simply increase the European prices. But it seems the prices are the same across the board.
Edit: VPS Servers
I'm shocked. Shocked!
Who and how could one imagine that terrorizing and sanctioning a country that supplied gas and oil cheaply and very reliably could possibly lead to higher energy costs?!
Re "the Germans": BS and a really big pile of it. "The Germans" are just as f_cked as anyone else. NEVER confuse regimes with the people. It's not "the Germans" (the people) who created the mess, it's the damn politsters.
Or put differently: This is the consequence of the mindless excitement in "The Russia vs Ukraine thread".
You are simply getting what you ordered. Enjoy it.
You Russian pricks are getting what you ordered. Enjoy it for decades to come.
Edited. sent a PM to @Abd on the price movement issue.
Uhum ... but not in this universe. Because in this universe basic life and its cost haven't changed much in Russia - as opposed to Europe.
And "decades"? Hahahaha ... let's wait and see ...
This is utter BS - on wednesday at noon some supermarkets shut off a few lights for 15 minutes, symbolically, as a protest against increased bills.
They were not forced to, nor refrigerators were shut down.
Please find a better news source than a Telegram channel called "No_BS_NewS"
xD yeah maybe I should post a video too showing that I switched something off. The thing is, seedboxes are pure luxury goods and I guess no one will keep their idling boxes or will at least consolidate them. That’s more the problem for him.
If he is russian explains the stance.
Also this issue began much before the whole Russia-Ukraine war. much before. Prices were already skyrocketing last fall. Half a year before hand.
Over reliance on russian gas & oil, giving Russia essentially control over European energy markets that way to a degree, WHILE pushing the green ecoterrorist agenda (sponsored by Russia ofc) to close nuclear plants, coal plants and over abundance investment into solar & wind, while not investment into energy storage ...
That's the real issue. Yes, it's the politicians who are at fault, but also let's remember people vote them there on nation level. EU level not so much voting involved tho.
Stupid shit all over place, we have enough renewable "turf" (swamps) energy reserves to provide for the whole of europe. What our govt does? Kills that sector, claims it's not renewable. Shortly after EU decides that Trees do not grow anymore -- making trees as well non-renewable. Like holy sh#t, what the f***!
It was linked to me by someone else, and was also on some other media release, i just wanted to link to a twitter post with video attached instead of some other publication.
Seemed legit at the time at a quick glance.
Funny to say that in a forum that is about cheap servers. So cheap servers is fine but cheap gas is not?
And just btw, it's not a problem of "over reliance" but of the politsters terrorizing and sanctioning the country from whom we got the cheap gas (and oil). As for the increasing prices ("this issue began much before the whole Russia-Ukraine war. much before"), yes correct; the reason was that the EU politsters decided to be "smart" and to stop long-term cheap contracts with Russia and to rather buy at spot pricing. As so many "smart" moves that were meant to f_ck Russia they eneded up to f_ck us, the people.
Have a look at my sig...
There's no inflation in Japan. In fact, Japan went through a deflation for over a decade. Do you know why? Their economy is isolated. They don't import migrants and have tax payers pay for their welfare. They don't produce things in China for their domestic consumers--- i.e. when the japanese pay for goods, all of their money goes back into the local economy and it doesn't "leak" to pay factory workers in Shenzhen.
Don't blame inflation. Blame EU policies and their love for globalization. When the world economy goes to shit, everyone goes to the YEN for a good reason.
Here in Italy the situation is going to be dramatic for some people, this will probably be a long winter...
And i'm not talking about DC energy price or something, those was always been prohibitive for lowend market here.
i think we are paying for the choice made by past generations of not wanting to build nuclear power plants.
Unless you overthrow Putin, yes, you guys are radioactive for years to come. Unless a Russian vehemently denounces Putin, they'll not be welcome in most of the world.
It's hilarious that assholes don't know they're assholes.
Japan has 2.6% inflation in 2022. Why do you lie? We can Google and see you're wrong in 10 seconds. Seriously, dafuq? You have no credibility whatsoever.
Click on 10 year graph. There's NO inflation in Japan.
https://tradingeconomics.com/japan/inflation-cpi
To say zero inflation would be inaccurate. They still need to import a bit of stuff since you can't get some things on that tiny piece of rock, but overall the inflation is a marginal and insignificant effect.
The use of the term Inflation depends on the definition and context: Also depends on publication a country.
Wholesale price Inflation (Index) - WPI
Consumer Price Index (CPI)
Inflation rate considered to be "official" by the Central Bank of the concerned country
Headline inflation
etc. so no point arguing over it really,,
best rgds
Inflation also does not happen because of imports, or net importing.
Inflation happens because of currency printing (FIAT != Money, another topic), or other things forcing most prices higher at the same time, therefore also incomes get pushed higher etc.
Economics are not very simple, and Japan has not been doing so great for past couple of decades. Japan has essentially flatlined economy:
Source: https://www.themoneyenigma.com/tag/big-picture-economics/
If Japan starts to have inflation now it would be called stagflation, which is even worse: https://en.wikipedia.org/wiki/Stagflation
One absolutely should not invest into Japan for the past few decades. Certainly some companies do well, and some less well, but essentially investments into Japan has been zero sum game for decades.
Then again, this might be ahead for all Western and modern countries -> Population collapse is looming in the future, birth rates are abysmal everywhere.
It does not help that woke culture is grooming even essentially babies (curriculum for 0-4V) about sexuality and their right to decide for themselves, and pushing LGBTQ+ agenda to kinder gartens. Population collapse might be the biggest threat to modern civilization.
In other news, smaller electrical companies are starting to cut electricity contracts outside of their own local area here in Finland. One of our employees just yesterday also received notification that their electricity price increases from ~0.11€ to 0.59€/kWh
Yikes, this are looking grim in germany:
https://www.berliner-zeitung.de/wirtschaft-verantwortung/erste-firmen-stoppen-produktion-fuer-immer-substanz-der-industrie-bedroht-li.262725