VirtuBox,
What we know is that for the last 5 months we have a lot of new customers coming from DigitalOcean , OVH and other known and unknown providers around USA and Europe.
Not to mention that most of them are advertising XX amount of RAM (from which over 50% burst ).
What about the CORE(s) (type and frequency ) , VPS with 2 core(s) of 1Ghz is not the same with VPS with 2 core(s) of 3.4Ghz, right? From our knowledge DigitalOcean CPU(s) are at ~1.86Ghz
DDOS protection & Premium bandwidth is must have those days which is not cheap at all.
So yes, the VPS goes cheaper same with the quality.
Our basic VPS plans are unmanaged (or better to say semi-managed) since we provide full configured VPS(s) and we keep monitoring the resource usage , security (DDOS protection), network, uptime etc. During our Summer and special promos, our price for 2GB DDR3 RAM is/are $24.63 but 2GB of RAM for $10 is insane.
I have already seen users paying $200+ for a dedicated server with 4GB RAM and 500GB HDD disks.
If we start provide fully unmanaged (set and forget) without features like monitoring, powerful CPUs , premium DDOS protection (500Gbps) , Premium Bandwidth and stable nodes and network then yes we could sell 2GB for like $10
Depend what you need the VPS for of course