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50K visitors makes 20Mbps??? How that can be? Is it a movie site? Or may be a big free site? Usually 500K pageviews of ordinary TGP galleries do not do even 5Mbps.
Basically, if your traffic is mostly big files like movies - you need to worry only about wide channel. If you have some heavy scripts and MySQL load, you should worry about CPU power, and if you are getting a lot of hits - this is memory you should worry about.
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