What is the best and least expensive way to setup an internet radio?
The radio will be playing an mp3 playlist for now. In the future I like to add live features also I would like to enable users to create and stream their own playlists (station)
So far the options seems to be:
- Using a existing service like Live365
- Leasing a VPS or a dedicated box and installing streaming server app(s) and go from there...
Setting up my own server seems to be way cheaper (or am I missing something?) but hard to setup and manage (or is it?)
What hosting solution is appropriate for this? I would assume bandwidth (mbps) is the crutial factor in finding a good hosting.. I am confused as to what is the best approach to this?
P.S. my budget is limited (under $100/month)