Is DigitalOcean overpriced? What's the new alternative?

DigitalOcean is one of the most popular VPS providers in the world.  DigitalOcean is known for having a super-fast cloud computing cluster, with lightning-fast SSD's and a fast network.  But is it overpriced?

Let's take a look at their VPS's, or as they call them, Droplets.

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Balanced virtual machines with a healthy amount of memory tuned to host and scale applications like blogs, web apps, testing and staging environments, in-memory caching, and databases. Learn more

Memory	vCPUs	Transfer	SSD Disk	$/HR	$/MO
1GB	1vCPU	1TB	25GB	$0.007	$5	Create
2GB	1vCPU	2TB	50GB	$0.015	$10	Create
3GB	1vCPU	3TB	60GB	$0.022	$15	Create
2GB	2vCPUs	3TB	60GB	$0.022	$15	Create
1GB	3vCPUs	3TB	60GB	$0.022	$15	Create
4GB	2vCPUs	4TB	80GB	$0.030	$20	Create
8GB	4vCPUs	5TB	160GB	$0.060	$40	Create
16GB	6vCPUs	6TB	320GB	$0.119	$80	Create
32GB	8vCPUs	7TB	640GB	$0.238	$160	Create
48GB	12vCPUs	8TB	960GB	$0.357	$240	Create
64GB	16vCPUs	9TB	1,280GB	$0.476	$320	Create
96GB	20vCPUs	10TB	1,920GB	$0.714	$480	Create
128GB	24vCPUs	11TB	2.5TB	$0.952	$640	Create
192GB	32vCPUs	12TB	3.75TB	$1.429	$960	Create

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As we look at the first plan, we can see the RAM for it isn't the best, but it is acceptable for $5/mo, slightly overpriced, but again, still acceptable.  Now we look at the disk, it is 25GB Disk for $5/mo, you can get 300GB HDD with an SSD Boost for less than $5/mo at places like Contabo, meaning it is overpriced.  Your data transfer bandwidth will also be limited by DigitalOcean to 1TB for the first plan, which is also overpriced, as a majority of other companies offer unlimited data transfer for no extra cost, but if we go to the other majority of VPS Hosting companies, they do have a data transfer limit, and an even more limited one.  Now, let's look at the 16GB RAM Plan, this is very overpriced.  They also still limit your data transfer, and they only give you 320GB of Disk space, as you are paying a ridiculous $80/mo for this.  Let's look at Contabo now, a VPS Provider, their biggest VPS plan is about $30/mo, and it has 60GB RAM, 1.6TB SSD Disk Space, 1GBPS Bandwidth with unlimited data transfer, and very good DDOS Protection.  As we look at that difference, most likely any person you show a comparison between DigitalOcean and Contabo to, would use Contabo over DigitalOcean.  DigitalOceans "General Purpose Droplets" are even more overpriced.  Take a look at just their first plan:

Memory	vCPUs	Transfer	SSD	$/HR	$/MO
8GB	2vCPU	4TB	25GB	0.089	$60	Create

It's way more overpriced than their "Standard Droplets", and there is almost no difference.  You're paying $60/mo for even less disk space, 25GB SSD.  If you need a cheap VPS, and you thought of using DigitalOcean, after reading this blog post, you might want to use Contabo instead, but this is completely your decision.