Good! I have managed to set up a node on a Digital Ocean VPS!
I chose the smallest one: the 512MB 1 CPU for $5 per month. It seems to be running well, and the install of nodejs on ubuntu was easy too.
By the way:
When I enter my password on the node entry page and connect to somewhere over the internet, my password is NOT transmitted unencrypted, I hope?
password will not transferred and stored on your server in an encrypted form