Virtualization: KVM & OpenVZ
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Ramnode is a very cheap VPS provider. With its cheapest plan being only $15/yr for 128MB of RAM. Which is not much but for a small website not expecting a lot of traffic is pretty good. Plus, not many other VPS providers offer this kind of option.
Pro Good performance
Con Doesn't give you many advanced functionalities
Compared to other VPS providers, the Admin interface for RamNode is rather limited. For example, scaling your instances up and down is not as advanced.