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So I finally got a Hetzner box, got it for cheap. However, I am struggling to setup networking for Proxmox.

@vovler thanks your help with the ip mate. Appreciate that. Have filed abuse request with name cheap.

HostUS had a promo a while back. Sadly it's not up anymore. They are still cheap though

IX VMs are often quite cheap instead of getting a direct member because IX partners can resell a single link to different clients. So, costs for cross-connects and membership can be forwarded to a set

It may be suitable for your needs, even it's not really "cheap", but you get a real dedicated server.

Hetzner Epyc VPS? Cheap (plus hourly billing) and powerful.

Price.. well, as cheap as possible I guess, but no real limit if from reputable company. But should be cheaper than UpCloud + WHMCS license of course (Image)

This could be as cheap as 27 20.2euros auction dedi at hetzner. The 5vcpu requirement is not easy to satisfy with a VPS platform.

I have 1 dedi from hetzner more than year now, it works seamlessly no issues at all and got it in very cheap.

Are there any cheap alternatives to MailChannels when it comes to reliable mail delivery?

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Either you have to increase the budget or go with some cheap alternatives in EU or USA with high latency.