@sumergoconicio @davetroy I set up my own server for my own use in order to better manage my data, as well as for vanity branding reasons lol.
In terms of cost, it costs me £10 per month for my own use. I have read somewhere that larger servers can cost up to maybe around $400 a month to run and maintain.
@sumergoconicio If you want some additional data, my server operates a two vCores with 4GB RAM and 120GB or storage.
I figured I didn't need much else since I was only setting this up for my own use from which to access the Fediverse.
And this way, the data is stored on a VPS of my own choosing rather than someone else's. And I can always wipe it if I need to.
Sure, my data is still going somewhere else, but at least I have more control over it... does that make sense? Maybe it's naivety lol.