If you get lots of clients, you can upgrade / move to another server.
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Looks fine to start but 4 cores of what processor? Everything looks fine, I have noticed larger systems being more profitable but there is no reason to start off with a big beefy machine until you can be sure you will get the clients and you get a good idea of what your clients are actually going to consume.
It depends of course what kind of resources you're providing in the Shared Hosting packages for customers, but yes this should be just fine to start off with. Always make sure the server you're picking up is one you can upgrade as needed so you're not limiting yourself.
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Looks to be a good started for a Shared Server, and running CloudLinux with cPanel will help utilize the server to it's fullest. I would recommend you confirm your upgrade path first. See how much RAM (and type) can be upgraded with this specific motherboard, and the same with your CPU, and if you can add multiple CPU to the server. If so you can simply upgrade hardware as you need instead of migrating when you need more resources. Once you have all the information you can then monitor and grow your server in line with your customer acquisitions.
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