Why do people host Lemmy instances and how do they pay for them?
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I'm hosting my own because it's fun and it's cheap to do it. I imagine it could get expensive to host bigger instances, and at that point the admins would likely look to donations to keep things going.
How much does it cost to run an instance?
About $5-$10 per month. I’m using an ARM64 system which make it even cheaper.
I hope eventually RISC-V will become viable.