Back in June I picked up an OpenVZ vm from open virtuals when they posted an offer on LEB. It was $20 USD for the year, 512mb of ram, 180GB HDD, and 2TB of bandwidth.
I initially set it up as a private Jabber server to be connected with one of my clients wordpress sites but ended up decommissioning it recently as we redid that clients website with a custom built-in chat system.
I still have the box and have had no issues with downtime or reliability, I would definitely recommend them.
The system it's self is by no means a power house, and I wouldn't suggest running anything mission critical on it. It's a snail compared a good KVM VPS on someone like Linode but it's also WAY cheaper ($1.67/mo)
Below is a benchmark I just ran with a clean install of ubuntu.
The speeds aren't amazing but they're not bad for less frequently used applications.
Bench Mark:
Benchmark started on Sun Jan 17 13:55:45 EST 2016
Full benchmark log: /root/bench.log
System Info
-----------
Processor : Intel(R) Atom(TM) CPU C2750 @ 2.40GHz
CPU Cores : 2
Frequency : 2399.791 MHz
Memory : 512 MB
Swap : 1024 MB
Uptime : 13 min,
OS : Ubuntu 14.04.2 LTS
Arch : x86_64 (64 Bit)
Kernel : 2.6.32-042stab108.2
Hostname : tsweb02
Speedtest (IPv4 only)
---------------------
Your public IPv4 is XXX.XX.XXX.XX
Location Provider Speed
CDN Cachefly 80.8MB/s
Atlanta, GA, US Coloat 50.4MB/s
Dallas, TX, US Softlayer 77.6MB/s
Seattle, WA, US Softlayer 34.0MB/s
San Jose, CA, US Softlayer 37.4MB/s
Washington, DC, US Softlayer 35.7MB/s
Tokyo, Japan Linode 7.94MB/s
Singapore Softlayer 8.44MB/s
Rotterdam, Netherlands id3.net 9.22MB/s
Haarlem, Netherlands Leaseweb 10.5MB/s
Disk Speed
----------
I/O (1st run) : 7.7 MB/s
I/O (2nd run) : 11.7 MB/s
I/O (3rd run) : 17.5 MB/s
Average I/O : 12.3 MB/s
Speedtest:
Retrieving speedtest.net configuration...
Retrieving speedtest.net server list...
Testing from ColoCrossing (XXX.XX.XXX.XX)...
Selecting best server based on latency...
Hosted by Nexicom Inc. (Toronto, ON) [91.69 km]: 58.056 ms
Testing download speed........................................
Download: 307.37 Mbit/s
Testing upload speed..................................................
Upload: 49.56 Mbit/s