Open Stack

Hi,

I just started reading about open stack. I've been a user of cloud services
on amazon. Now I would like to start playing with building my own private
cloud with some old machines I have. First, I just would like to check if
my basic understanding is correct. The open stack (with ubuntu installed
and all the required software) would give a sort of a pool of resources
where I would install virtual machines with whatever services I want. And
if one piece of my hardware fails, for example, an HD all my services would
continue working (as long as of course everything is not on a single
machine).

Is this correct?

Thanks

Kelly
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