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Is it not possible to set your own cronjobs on a dedicated server?

No, this is not the case. You can in fact set your own cronjobs to be executed on any time frame you want. However, you need to proceed with caution and ensure that the time interval between executions is not too short. This is so because too short a time interval may increase the server load on the entire server which may result in degraded server performance and downtime. 

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