It's a server with:

- 2x Intel Xeon 5218

- 128gb Ram

- 2x960GB SSD

- 30TB monthly bandwidth

I pay around an extra $200/month for "premium" support and Acronis backups, both of which have come in handy, but are probably not necessary. (Automated backups to AWS are actually pretty cheap.) It definitely helps with peace of mind, though.