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Comments
First specify which virtualization.
I think the units are just an arbitrary number for when multiple VPS's share the CPU. 8 cores so should be good I/O is hard drive
KVM, please.
CPU units: Any but you could go with 1000, CPU %: 800 and I don't see anything such as I/O priority for KVM in virtualizor on my server currently but I think 0 should be the highest.
@virtualizor can you confirm what I said regarding I/O priority?
Not really, if he puts 100% and allocates 8 cores then his vps can use 100/8 = 12.5 % of each core. And I/O is not hard drive but priority given to that particular VPS in I/O related tasks.
IO 0 = unlimited
CPU units 0 = unlimited
From Virtualizor Wiki: http://www.virtualizor.com/wiki/Creating_A_VPS
This is just a weight assigned to the VPS. Lets say there are two VPS with different weights. e.g. VPS 101 with 1000 and VPS 102 with 2000. Now when the physical CPU is being utilized to the fullest, the priority of CPU resources to be assigned to each VM is decided by the CPU Units. Hence of all the CPU Time / Resources available, VPS 101 will get 1/3rd = 1000 / (1000 + 2000) and VPS 102 will get 2/3rd = 1000 / (1000 + 2000) of the CPU resources.
Apparently OP wants to run 1 vps only so it shouldn't matter what he puts in that field that is why
To give you an idea the SolusVM default CPU percentage is 400% with 1000 units...