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Re:Cloud At A Cost – Hosting For Suckers by bkeroack on Saturday July 12, 2014 @11:27AM (#8024781)
Leasing space in existing datacenters. Put in some cheap ESXi/KVM hosts and sell tiny VPS instances on them.

"Support" consists of remote hands tickets with the underlying datacenter.

edit: looks like OpenStack, actually.

Re:Cloud At A Cost – Hosting For Suckers by xorcist on Saturday July 12, 2014 @12:33PM (#8024985)
That's what all cheap providers do. How come these guys are about one fifth of a price that's almost unsustainably cheap?