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Prepaid three years upfront, now I'm terrified

General Discussion by tomchan 1 replies 164 views
6 #1

So I did a fun little project last year and prepaid 3 years on a Contabo KVM for €400 total. It actually works great for my needs—running a wireguard hub and some small services. But now I'm seeing bankruptcy rumors in some discord channels and I'm kinda terrified? Like, I know it's sunk cost fallacy territory but has anyone else done this? My config is:

4GB RAM / 2 vCPU / 80GB SSD
debian 12, wireguard, nginx, gitea
backup to rsync.net weekly

Not sure if I should start migrating now or ride it out. The specs for the price are unreal which is why I jumped on it. I used https://www.wireguard.com for the VPN hub.

works on my bench ¯\_(ツ)_/¯
#2

1. Prepaid hosting is always a gamble
2. Your risk factors here are:
1. Rumored bankruptcy
2. $400 sunk cost
3. Migration effort
3. Mitigation options:
1. A) start parallel setup elsewhere
2. B) wait for official statement
3. C) both simultaneously
4. My personal rule:
1. I) never prepay more than 12 months
2. Ii) even then, only with established providers

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