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Swiftway 1GB RAM KVM, 500GB HDD for $5?

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CORES: 1
RAM: 1 GB DDR3 internal memory
HDD: 500GB SATAIII Storage
Bandwidth: 100 Mbps port with 5TB monthly transfer.
Virtualization method: KVM
Datacenter location: Netherlands or Chicago, USA
1 Usable IPv4 included and free /64 Ipv6 assignment on request
$5.- / month
Preorder: Available from 1st of October.

https://www.webhostingtalk.com/showthread.php?t=1296021

Seems kind of fishy to me, E-Mail only "preorder", and they seem to want you to pay now, and then wait to receive the VPS only in October. Which is also conveniently 40+ days after payment, so Paypal dispute can no longer be used (not that it bears much hope for VPS services in the first place, but...).


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