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Here is a quick view on the read and write results on Digital Ocean & OpenVZ:

Write Operation with Digital Ocean Server
[email protected]:~# dd if=/dev/zero of=test bs=1048576 count=2048
2048+0 records in
2048+0 records out
2147483648 bytes (2.1 GB) copied, 7.93444 s, 271 MB/s
Read Operation with Digital Ocean Server
[email protected]:~# dd if=test of=/dev/null bs=1048576
2048+0 records in
2048+0 records out
2147483648 bytes (2.1 GB) copied, 3.39856 s, 632 MB/s

Write Operation with OpenVz Server
[email protected]:~# dd if=/dev/zero of=test bs=1048576 count=2048
2048+0 records in
2048+0 records out
2147483648 bytes (2.1 GB) copied, 20.3058 s, 106 MB/s
[email protected]:~# dd if=test of=/dev/null bs=1048576
2048+0 records in
2048+0 records out
2147483648 bytes (2.1 GB) copied, 2.26675 s, 947 MB/s
Read Operation with OpenVZ Server

The above results show that the Digital Ocean SSD does make it faster to write to the disk while the Reads are better in OpenVZ VPS that I own. This difference might change depending on the overhead of the Hardware node which would be serving my VPS/CloudVPS. More to digg out in coming days.