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founded 3 years ago

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June 2023 financial update for lemmy.ca (lemmy.ca)

submitted 1 year ago by [email protected] to c/[email protected]

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This is a little late, but I figure that it's better late than never!

For full transparency, I'm just going to give a high level overview of the financial situation of lemmy.ca through June 2023, when I started to accept donations.

Total Expenses: $30.00

This includes all hosting fees, including backups, etc.

Total Contributions: $1,503.03

$1,184.84 through LiberaPay
$318.19 through OpenCollective

All contribution amounts are not including payment processor and/or OpenCollective fees.

Remaining Balance: $1,473.03

I plan on transferring the remaining balance to the new admin team, whenever they are ready to accept it.

Thank you to all that have contributed so far, I couldn't have gotten the instance to where it is now without your generosity. I'm very excited to see what comes next and look forward to watching the instance grow more!

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[–] [email protected] 5 points 1 year ago (2 children)

tagging @[email protected] too because they asked the same question essentially.

the reason it was so cheap during June was that it used to be hosted on a VPS which i believe started with 4 CPU, and I kept upgrading it eventually to 8 CPU for the last few days. it then got migrated to a new dedicated server which is closer to around $150/month i believe.

[–] [email protected] 3 points 1 year ago

$137.xx right now per month. Moving images to Object Storage will slowly add to that.

We figure even without significant efficiency improvements for Lemmy we should be able to handle easily 25,000 users or so without adding more resources to that.

[–] [email protected] 2 points 1 year ago

Thanks for the info! that answers my question.