You can rent real 44-core Xeon servers for like, $250/month.
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There are many colos that offer dedicated server rental/hosting. You can just google for colos in the region you're looking for. I found this one
I don't know anything about Colo Crossing (are they a reseller?) but I would bet their $60 per month 4-core Intel Xeons would outperform a $1,000 per month "compute optimized" EC2 server.
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