this post was submitted on 19 Jul 2023
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CLOSED - lemmy.ca meta

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June 2023 financial update for lemmy.ca (lemmy.ca)
submitted 2 years ago by smorks@lemmy.ca to c/meta@lemmy.ca
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cross-posted from: https://lemmy.ca/post/1711526

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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[–] Sigmatics@lemmy.ca 1 points 2 years ago (2 children)

Now that's a profitable balance sheet if I've ever seen one.

Are the costs projected to rise? $30 seems crazy low

[–] smorks@lemmy.ca 1 points 2 years ago

from https://lemmy.ca/comment/1453076 :

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.

[–] zhenbo_endle@lemmy.ca 1 points 2 years ago

I guess the $30 only counts the hardware and internet cost. Admin's labour for DevOps work doesn't reflect in this cost sheet :)