it's accessible from anywhere at anytime (if you don't shut it down) from any device capable of executing a ssh client (iPhone, iPad, for example) also you can have a development environment exactly equal to your production environment and you are safe from hardware failures.
So is usual non-cloud hosting. Well, not turning off my home desktop PC is certainly not "cloud", but, given I have fast and stable network connection and power supply, it works equally (?) well.
That's why my question emphasized the "cloud" word.