1.20 ghz celeron dedicated

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Lawl, not at 1.20 GHZ single cpu, id get at least a 2.4 ghz qaud core, you might be lucky enough to run 2 vps containers on a 1.20 ghz celeron
 
My first dedicated server had those specs and it wasn't enough just for my self. I think you should get what Dlow said
 
The server would be really slow with just 1 normal based website.
For a VPS node you need ATLEAST a Quad core server (AMD x4 or Core2Quad etc) with a mininum of 4GB ram (Depends how many VPS's you want and the resources for each)

Best of luck >.<
 
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