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Their pricing looks insane? Like an order of magnitude less than DO, OVH, ...

Edit: Looks like it's because they're using Atom and ARM based servers.

What's that mean for the common folk? Are they slower?

Yes. Slow CPUs.

The Atom servers appear to be Avoton Atoms[1], probably a C2550 or similar. While they aren't as high end as a typical Xeon, they aren't as terrible as the older Atom cpu. See this chart: https://www.servethehome.com/wp-content/uploads/2014/01/Inte...

[1]https://ark.intel.com/products/codename/54859/Avoton

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