I got xen vps(s) for both business need and personal stuff.
I run a ftp/scp backup storage and setup cron on those vps.
Once in 3 days, the script will backup all my clients cPanel to the vps, and im in the progress of setting up a vault access, which client can download their cpanel backup at remote site.
I used to run torrent program on my personal vps. Not long after that, i got a DMCA email, forcing it to shutdown. Ahh...lesson learned. No more torrent. Now, i used my personal vps mostly for some apps testing.
I'm new to linux, not so new, but i considered my self as novice linux user. I first get to learn linux more when I first purchased a vps (cant remember which provider/ISP).It is 256MB with 25gb disk, openvz and have HyperVM. I run into problems, with lot of problem on openvz. But, based i my experienced, 256 MB of openvz vps will perform better than 256MB of xen.
So how about you?
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Just make sure you secure it especially if you are hosting client information. A misconception of a lot of users is that a VPS is setup and go like shared hosting, however there are many things that must be done to properly secure your system.