Ehh you can get cheaper compute in Fremont if you're willing to rent >=1 rack. I'm guessing you only think €23.53/mo is cheap because you've been getting reamed by AWS pricing :P
I'm not sure what you imply with the quotes around dedicated servers - this is hardware for rent, not VMs (hetzner has VMs too, starting from about 5usd/month - but that's something else).
You do need to go a bit up in price for proper server hw - although there are a few aging xeon boxes with ecc ram on the low end now.
