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The Chariot MQTT Server runs best using a contemporary system with 4 CPU cores and 8GB of memory.

I'm upgrading my Chariot server hardware. Does this invalidate my existing license? 

Yes. You will need to temporarily deactivate your license before shutting down the Chariot server pre-upgrade. Next perform the server upgrade. Finally, activate your existing license by re-uploading and reactivating as shown here.