So that could be either a virtual machine - an operating system running inside another operating system, or a virtual private server - you rent a virtual server from a company, so you have your own internet-facing server running 24/7 relatively cheap (since it's not a real server, but one of many virtual server running on an actual server). I think he might have meant the later, since you'd have to run a snartnofe (btw I love that name) non stop to benefit from it.
I'v tested some other top VPS Providers/resellers (AWS, Digital Ocean, Vultr, etc.) and find that VPSServer.com offer highest performance/price ratio on market. One of the highest (top 3) IOPS, Unixbench and Network perfomance at lowest price from my research. Setting up server with operating systems is matter of few minutes. Managing is simple and clear.
Although multiple VPS accounts are hosted on one physical server, we can run several different virtualized operating systems on that one server. Each of these operating systems will perform as if it was on its own dedicated server, giving you all of the benefits at a fraction of the cost. InMotion Hosting uses Parallels Virtuozzo Container to virtualize the operating system.
If you'd like to run a VPS, I'd suggest you to look for a managed one with cPanel. cPanel is a piece of software that facilitates a lot configuring the server, while managed means that the support guys will help you with initial configuration of the server, and also help you out with config/upgrades whenever you need help. It's a bit more expensive than non-managed, but if you don't know how to manage/administer a server, than it's essential. You can find a decent managed VPS in USA from 20 $ and up.

Virtual private servers connect shared Web hosting services and dedicated hosting services by filling the gap between them. Because virtual dedicated servers can have their own copy of the operating system, VPS provides the user with super-user privileges in the operating system. VPS enables the user to install any kind of software that is capable of running on that operating system.
Need more resources than a Web Hosting account, but aren’t quite ready for a Dedicated Server? Our high performance Managed VPS Hosting is the perfect solution. Experience the power and isolation of a VPS expertly combined with the easy-to-use cPanel control panel. Choose our Turbo Boost VPS featuring up to 20X faster page loads than competing hosts.
Increase your redundancy with VPS snapshots. We now offer two kinds of VPS snapshots: Live-State and Scheduled. While both are used to create full container backup of your Virtual Private Server as a failsafe to roll back to in case of any issues, Live-State Snapshots are meant as an on-demand feature while Scheduled Snapshots can create a snapshot up to once a day! Whether it's an operating system or programming language update/upgrade, or for something as simple as a single website edit, our snapshot features enable you to go back in time and revert your container to the exact state it was in when you took the snapshot, including technology versions, content and even live processes.
Alrighty than, wait to see if they'll be adding support for smartnofes. In case they don't have plans to include SMART soon, than since you're good with computers I suggest you rent a managed VPS and just dive in it. Once you get the hang of it, it's not hard. But if you will use it only for your smartnofe, than turn off any other service to minimize the attack surface (like apache, mail and other servers you won't need).
Save up to 80 percent with Azure Reserved Virtual Machine Instances when combined with Azure Hybrid Benefit for Windows Server, or save up to 72 percent on all virtual machines. Simply select your region, virtual machine series, and term. Improve budgeting and forecasting with a single up-front payment while maintaining flexibility should your business needs change. Easily exchange or cancel Azure Reserved Virtual Machine Instances at any time.
In this case, providers do not offer any help in case any problems are encountered with unmanaged VPS accounts. The customers should, therefore, have a thorough knowledge of Linux operating system and understand the ways to control the VPS so as to ensure uptime, reliability, and server stability. There may be problems related to resources, software, performance, or configuration- all of them have to be handled by the clients themselves. The web host will only look into problems related to network or hardware in case of unmanaged hosting.
If you are not already familiar with Linux system administration, you will need to devote a great deal of time to familiarizing yourself with all of the applications you're using and the CentOS operating system - you could pay someone else to set up your VPS for you, but that wouldn't help down the road when you need to update software and resolve administrative issues... (if you're not sure, go with a managed service)
Getting started with a managed VPS hosting is easy with Bluehost as your VPS hosting provider. Simply choose from our Standard, Enhanced, or Ultimate VPS hosting packages based on the amount of resources your website needs and follow the sign up instructions. Once you have an account, you can easily upgrade to more resources from within your customer dashboard.
Mirror and share a deep copy of your in and outbound virtual network traffic. Take advantage of aggregation, packet collection and load balancing solutions by streaming traffic to a destination IP endpoint or an internal load balancer in the same Virtual Network, peered Virtual Network or Network Virtual Appliance that you can deploy from a growing list of Security, Network and Application performance management partners.

A Hostway|HOSTING Virtual Private Server (VPS) solution puts you on a server with other clients, where each client shares the cost of running the server. Unlike shared hosting (e.g., FlexCloud), a virtual private server solution gives each client its own partitioned server area. You manage your own operating system (Linux or Windows), storage space, and memory to ensure your site’s performance and stability.


When purchasing a VPS hosting package the web hosting provider will manage all the hardware and while you will have administrative access through a control panel to do whatever you want with your server, they will still make sure that it is available, has up-to-date system software, it is secured and has the available hardware resources to run according to the VPS package specification.
Increase your redundancy with VPS snapshots. We now offer two kinds of VPS snapshots: Live-State and Scheduled. While both are used to create full container backup of your Virtual Private Server as a failsafe to roll back to in case of any issues, Live-State Snapshots are meant as an on-demand feature while Scheduled Snapshots can create a snapshot up to once a day! Whether it's an operating system or programming language update/upgrade, or for something as simple as a single website edit, our snapshot features enable you to go back in time and revert your container to the exact state it was in when you took the snapshot, including technology versions, content and even live processes.

Partitioning a single server to appear as multiple servers has been increasingly common on microcomputers since the launch of VMware ESX Server in 2001. The physical server typically runs a hypervisor which is tasked with creating, releasing, and managing the resources of "guest" operating systems, or virtual machines. These guest operating systems are allocated a share of resources of the physical server, typically in a manner in which the guest is not aware of any other physical resources save for those allocated to it by the hypervisor. As a VPS runs its own copy of its operating system, customers have superuser-level access to that operating system instance, and can install almost any software that runs on the OS; however, due to the number of virtualization clients typically running on a single machine, a VPS generally has limited processor time, RAM, and disk space.[2]
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