Is it really cheaper to pay monthly to run a cloud node versus putting AlbyHub on an old beater of a laptop?

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it's not about being cheaper, it's about business continuity and disaster recovery.

Is the implication that most of the cloud-based nodes are businesses? I'd always assumed most nodes are run by plebs.

Plebs can run cloud nodes aswell. AlbyCloud, Voltage etc.

I'm all for both paying for services and running stuff yourself. It's all trade offs.

AWS goes down and everyone freaks out then forgets all about it until it happens again.