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Thanks,
I have asked the hosting company regarding moving the host. They told me its going to be fixed with the additional hardware they has installed. Its been 2 days since and I am much better than before, still some times I got stuck.
Ok, So I turned on the cache in the block. Here is what I did:
On lessor traffic blocks, I set the cache longer. Like my custom blocks, it will not change often and I am the only one going to access it, I set it for 3 days or a week.
The Top link and Top News section, I update it every day or approve news on daily basis I set the cache 5 hours.
The Top posts may have hourly additions or even shorter (on my site), I set the cache 1 min.
Is that correct logic to set the caches?