Comment by 0xADEADBEE

Yep! This is how I started out (I run it one a VPS now so I'm not tied to my home network) and it works fine. The only limit you're likely to run into is your blocklists filling RAM. I have a 5M+ long blocklist and it won't fit into 1GB, so you might want to spec up a little bit in that area, depending on how block-happy you are.