i'm looking to purchase a minecraft server for about 5-10 people but i do not know what the right specs would be. i did look at the dedicated server sticky and i'm looking to buy a vps and i'm not sure what hosting provider would best suit me. any suggestions?
xen vs openvz is strictly preference, both can be oversold, both can be run by professionals and not oversold. I would get 1024 of ram because you need some of it to run the Operating system and you can dedicate the rest to the minecraft server. For instance I have a 2gig server where I can only dedicate 1536 of ram because the rest is being used by the operating system and various things I have running on it.
I'm newer to this than the others I believe, but I have a HazeNet server, which I believe is a "openvz" type from what I have noticed on other topics.
When we ran our server via linux alone, 1 gig of ram ran fine for 5-10 people, but we had issues and have to use Wine now, so we have 2 gigs, and it runs very nicely without any issues for 8+ people all the time.