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+no outsider can mess with your files and hardware (with his physical presence)
+you can mess (can be good if you want to unplug hosting without knowledge how to do it)
+you can use hardware (idle Cpu cycles)
+complete control over everything
+free heating
+free air-conditioner (should be present on hosting site)
+hardware parts available (to use them you may need to shut hosting)
+ability to check hardware and labels like that one on motherboards, rams.....
+sell/share hosting service to friends/partners
As seen there are many but most are pretty useless. Remote hosting is elegant.. and don't have some disadvantages of hosting on site:
-you can mess with it in bad way
-noise
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