I just cat'ed /proc/cpuinfo on my Hetzner and AWS machines
AWS: E5-2680 v4 (2016)
Hetzner: Ryzen 5 (2019)
AWS: E5-2680 v4 (2016)
Hetzner: Ryzen 5 (2019)
the AWS one is some emulated block device, no idea what it is, other than it's 20x slower
Hetzner isn't the best provider in the world, but it's also not as bad as you say they are. They're not just renting old servers.