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There is no need to cancel OpenVZ server line, because with that virtualization we work almost 10 years and it's proven to be very reliable and flexible to serve our customer needs.
We will offer KVM as alternative to standard OVZ servers. These servers will be designed for customers who require more freedom with server configuration (kernel upgrades, docker support etc.).
Take a note, that KVM option will be priced differently from OVZ offers and it's likely be more expensive.
As for ETA, keep an eye on our Twitter channel: https://twitter.com/time4vps
I meant that if I purchase a server now (running on OVZ), can I change it later so that it runs on KVM? Or do I have to purchase an entirely new server (and cancel the old one)?
we will not offer VPS migration from OVZ to KVM that is why you will have to order new (KVM) VPS transfer your data and then cancel OVZ server.
Another question somewhat related to this topic: If I purchase a VPS and select a yearly billing cycle, but then cancel it after 4 months (to switch to KVM), do I get the money for the unused duration of 8 months back?