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For simple uses, there are several free git hosting services. Assembla offers unlimited repos and 2GB for free, while ProjectLocker offers unlimited repos and 500MB for free. There are some limitations on tools and sharing and users, but for personal use, these can act just like another repo in the cloud, Yet Another place your private code is copied. No private server maintenance required.

If you do want your own private server, VPSs are getting ridiculously cheap. lowendbox.com relays the latest offer of Open VZ 512MB, 20GB of storage, 1TB of bandwidth, all for ... $3.60/month. At those prices, your backup strategy could simply be to have two, or three, from different vendors. These cheap VPS hosts can just disappear one day, so never have this be your only copy of anything.

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