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DreamHost currently allows several PHP configurations. In the user Control Panel you can choose between PHP4 and PHP5 running as a CGI application (with optional FastCGI support). While it's no longer officially supported you currently still have the possibility to have PHP running as an Apache module (mod_php).
Finally you have the option to compile your own custom PHP with the exact version of PHP you wish and with any module you require.
All new MySQL databases being created will be version 5 (with support for stored procedures, triggers, cursors, views etc.). Current customers might still be running MySQL 4, but will soon be able to upgrade to MySQL 5.
This server (apache2-echo) is running MySQL 5.1.39 and MySQL 5.1.39
What's the difference between PHP-CGI and PHP as an Apache module?
How do I switch my PHP between running as a CGI and an Apache module?
Compiling your own custom PHP
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