That's fine, you can justify it all you want, but reality is that you are not breaking even. You can ignore that fact or address it. Begging for donations will give you a short-term boost but you can't go on doing that forever, because such financial support will fall away. You need another business model.
I saw in an earlier post that this purchase was made expecting 50% of your user base to donate money. Well that is not anywhere near realistic.
Again, as an idea to address your costs, I cannot accept that one machine is being taxed to its limit just running btitem.org. Can the hack management system and the demo tracker be moved to this server? You can run your beta tests on someone's idle PC being hosted at home. This frees the second server to be used exclusively for re-hosting, the cost of which should be more than covered by the fees you collect for this service. Speaking of which, why are you including serer costs used in your re-hosting service as part of the monthly donation quota? This seems dishonest. If it is so underutilized, then maybe consider whether or not you really need to do this to support the community. I have a fine hosting service that is fully aware of my BitTorrent activities and does not object. I can provide links but only if you want them (I don't want to take from your own hosting service.)
I really do not mean to piss all over your work. Problems like this one can really benefit from a fresh third-party perspective and that is all I aim to offer. I appreciate and respect your response, Locutius - certainly a stark contrast from "rofl XD". I can tell you're offended and for this I apologize. I honestly had not considered the anti-p2p issue to the extent that you appear to address it through your hosting model. However, this does not change the fact that you are losing money. Even if I turn around and donate $50 as a result of this discussion, this won't even cover a third of the remaining difference of this month, let alone the months ahead. This reality is far more threatening than any anti-p2p efforts, which have no legal basis.