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I dropped $28,000 for a brand new server build March 2024 for ARK hosting. Self hosted on latest generation hardware for 96 core / 192 threads @ 4GHz, 1536 GB DDR5 ram, full nvme array at 15,000 MB/s read and writes...
Most people let alone companies do not run that hardware tier though.
Owning the hardware is cheaper in the long run after 2+ years of renting.