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Truthfully you don't need a big plan. Talk to mike or Gerard at Webair and take the lowest priced dedicated special then scale up when you need to.
A 3.4ghz machine is all you need. 1-3mbs of bandwidth should be enough as well. When done correctly blogs are the least resource intensive form of traffic generation we have seen in a long time. Lots of people run nice sized networks on virtual hosting.
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I've trusted my sites to them for over a decade...
Webair, bitches.
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