How can I determine if I should go with LAMP or LEMP (Apache or Nginx)? Considering Magento's software requirements list both.
Should I prefer SSD storage or more RAM?
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Buddy Most of PHP Servers are LAMP(Linux Apache Mysql PHP). So I definitely recommended you. also give some suggestion like if your site contain large amount of images in future then buy unlimited hosting service.
If you have good amount of money then you can also prefer to buy a dedicated host form your hosting providers.