I have been running moodle on powweb.com for 7.77/month, 93/year, this includes one database, 3 users, 1000 megs of HD memory, user config console, pop/smap, web stats and a lot more. It runs Apache 1.8 I think and also supports CGI, Perl, Front Page Extensions and some other things as well. However, there are other moodle users on powweb so you need to give your database a different name.
Hardware and performance
Low Cost Moodle ISPs With Fantastico
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