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I'll be honest, RAM is too low for 4-5 cores. Whatever application I'll use to use the multiple cores, the main bottleneck will be the RAM. 2 GB is too less for $8.

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maybe our sale servers are interesting for you: https://deinserverhost.de/dedicated-sonderposten

We have a lot of options - here's one that I think would work well for multicore performance in your price range:

And in past yr they sold a high number of e3 v5--v6 models that probably not canceled. And serious competitors increased their prices. So I think that 11.11 deals will started with higher prices, 20-

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https://www.ikoula.com/en/dedicated-server/agile

If you already had some hardware for a homelab setup, I'll say go for it, why not?

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16 cores / 32 threads Intel Xeon E5-2697 v3 (can be upgraded)

I am all for self-hosting, but I don't because I don't have reliable transit here.

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I went the other way around, homelab moved to full specs KS-LE-B. I have only kept a small NAS at home, and even that I don't really need.

I would only self-host at home with a UPS, multiple ISPs with failover, enterprise hardware (ECC memory, enterprise drives) and good cooling.