Wants to use nntp not torrents so shouldn't be a problem.
Personally I prefer ssh tunnel/socks proxy, since I can tell just the programs I want to use it instead of all traffic, so I can still use the internet without possibly increasing pings etc.
A uk vps will cost around £5, us based cheapest around $5 higher pings but shouldn't matter if it isn't a time sensitive service.
I just use
putty google for guides, or the ssh command if on mac/Linux.
Edit: just got around to actually installing a socks server I chose
antinat appears to work much faster than using ssh running at max speed line can do (from usa server)
A VPN is far easier and there are lots of sites selling access for similar prices to a VPS.