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Node and Ruby applications do fail on ARM though, when it comes to native libraries and extensions. And now your whole distro is different than your development machine, which adds complexity. Do I really want to be debugging why node-gyp fails to compile scrypt on the ARM distro on the new Amazon A1 ARM instance (which it did in my case)? And if I solve that, what about the other 2451 dependencies? Let's pessimistic…
I don't have production experience with ARM unfortunately but Raspberry Pi is huge... Linux on desktop sucks if you have any laptop or something like this, but specific hardware just like RPi, everything works for my needs. I have node.js, .net core, python and loads of software that just works for me on ARM. Let alone I have Synology with ARM processor. Making servers is a lot easier than making consumer grade lapto…
But that is just the first step. You then need developers who write applications on top of those languages be multi-core aware and design their applications to fully use the huge number of cores. At that point you'll loose a lot of your power efficiency because you'll need a lot more hardware running to do the same tasks. You'll also need developers who know how to think in an extremely multi-core way to get the extra performance boost.