Cost of a web developer to make the site- 1-3k based on bids I've received on eLance.
It is only front end. To build the engine will cost about 50K. 
Topic: Planning on starting an altcoin exchange, VPS or dedicated server? (Read 997 times)
December 17, 2013, 06:11:41 PM
December 17, 2013, 06:06:41 PM
Cost of a web developer to make the site- 1-3k based on bids I've received on eLance.
That's an order of magnitude too low - I wouldn't trust something this complex put together for that price.
Agreed. Sounds too cheap in my opinion.
December 17, 2013, 05:37:17 PM
Dedicated servers.
December 17, 2013, 05:21:00 PM
Cost of a web developer to make the site- 1-3k based on bids I've received on eLance.
That's an order of magnitude too low - I wouldn't trust something this complex put together for that price.
December 17, 2013, 05:17:15 PM
Whichever one you use make sure you keep only limited funds stored on the server and refill hot wallets as needed.
December 17, 2013, 04:50:07 PM
Okay so like the title says, I am looking to start up a new altcoin exchange but I just need to smooth out a few aspects of my business plan. For start up expenses so far, I have:
Cost of a web developer to make the site- 1-3k based on bids I've received on eLance.
Hosting- depends. First off in your (possibly expert) opinion, should I go with a VPS or dedicated server? I did some research and calculated that, on Bter.com today the total volume has been about 568.745BTC when totalling volume from all the altcoins. Basically what I am asking here is how much will I need for my server's total RAM, disc space and bandwidth. I am planning on using either High Secured or Easy Offshore Hosting, both Panama based. My hosting costs can be anywhere from $60-1k a month depending on how much bandwidth I need.
Domain- .01NMC. Because I really like this feature of Namecoin, and it is the cheapest way to register a domain. I have already registered an awesome .bit domain name.
Accounting- I can do this myself as I plan on running the site on my own. Although I will have to cough up $600-1k for professional tax software.
Advertising- I believe I could get good traffic to my site by announcing its release on these forums, other forums, reddit, twitter (through my connections with the altcoin speculators there). It is possible I may need to pay for some advertising but I would like to keep it to a minimum.
Am I missing anything else? If you know of any expenses I am overlooking I would greatly appreciate input.
Cost of a web developer to make the site- 1-3k based on bids I've received on eLance.
Hosting- depends. First off in your (possibly expert) opinion, should I go with a VPS or dedicated server? I did some research and calculated that, on Bter.com today the total volume has been about 568.745BTC when totalling volume from all the altcoins. Basically what I am asking here is how much will I need for my server's total RAM, disc space and bandwidth. I am planning on using either High Secured or Easy Offshore Hosting, both Panama based. My hosting costs can be anywhere from $60-1k a month depending on how much bandwidth I need.
Domain- .01NMC. Because I really like this feature of Namecoin, and it is the cheapest way to register a domain. I have already registered an awesome .bit domain name.
Accounting- I can do this myself as I plan on running the site on my own. Although I will have to cough up $600-1k for professional tax software.
Advertising- I believe I could get good traffic to my site by announcing its release on these forums, other forums, reddit, twitter (through my connections with the altcoin speculators there). It is possible I may need to pay for some advertising but I would like to keep it to a minimum.
Am I missing anything else? If you know of any expenses I am overlooking I would greatly appreciate input.
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