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So how much space do you need for your shared hosting? Do you use any control panel like cPanel?
For 50 $ an atom with 2 drives 320 gb for raid 1 is possible with 100 mbps connection.
Depending what your customers need, will do good.
Moderately dynamic sites can hold in total, some 300 visitors easily on atom. if ppl wish for ffmpeg and other things like those, atom wont cut it.
Maybe even better idea - an Atom with a good SSD drive, even if a single one. Rsync everything somewhere else, even if the SSD fails someday you can easily fail over to your other location while the SSD is replaced.
Keep in mind your costs for everything else will also increase.
E.g., the prince of cPanel/WHM more than doubles for dedi vs. VPS. Ditto for Installatron, etc.
If the only websites you're hosting are your own business's websites then their EG, MG and HG line are great and very reliable (provided your name isn't Mr. Shove and you know what a cron job is...). If you're running a hosting business however OVH is probably the worst choice because they have a zero tolerance policy for abuse.
Fixed it.
...and the abuse notification emails they supposedly send out before putting a server in rescue mode are almost always imaginary