Ok there's your problem - per the dependencies: "Dependencies: GCC 4.7.3 or later"
Thanks for pointing it out!
Everything done but still giving errors.
cc1plus: error: -Werror=maybe-uninitialized: no option -Wmaybe-uninitialized
cc1plus: error: unrecognized command line option '-std=c++11'
make[3]: *** [src/crypto/CMakeFiles/crypto.dir/crypto.cpp.o] Error 1
make[3]: Leaving directory `/root/bitmonero/build/release'
make[2]: *** [src/crypto/CMakeFiles/crypto.dir/all] Error 2
make[2]: Leaving directory `/root/bitmonero/build/release'
make[1]: *** [all] Error 2
make[1]: Leaving directory `/root/bitmonero/build/release'
make: *** [release-all] Error 2
It's probably easier for you to install Ubuntu 13.10 or 14.04 on your VPS instead. Ubuntu 14.04 is recommended, as it has current versions of gcc and boost.
It's not mine, I am helping a person but I will tell him though I am not sure whether he will because some daemons already installed in it and the sync is complete(BTC, LTC, Doge etc...).
-MZ