Low power File Hosting server

Big on Hosting. Unlimited Space & Unlimited Bandwidth

Hi Guys,
I am again here to get nice advice for finding a file hosting.
Running shared server on HostGator $9 P/M;
Last month used of 30GB Bandwidth and 8GB of Storage.
I ve browsed through many post of lowendtalk , which shows very good config with affordable price .
But I don’t know how to choose . they have KVM , Open VZ , VPS .. I know Virtual Private Servers . but what about KVM and other things they are mentioning .?

Do I need a VPS server or someother things like KVM for File Hosting .?

I have no special requirements .
RAM 128 MB.
HDD 15 or 20 GB
Bandwidth : 50 GB.
Processor : no matter .
Maximum I can spend : $8

all are opensource or free software setup files. so no legal issues will be there .

Guys please kindly suggest me , what should I have to choose (in technology wise and also Hosting provider.)

Edit : Also please describe the difference between Fully managed and unmanaged servers, or a link that describes.


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