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Setting up a proxy server for dummy. :)?

Hey guys, I want to set to set up a proxy site(like www.safelizard.com / www.hidemyass.com) but I'm kinda newbie in web hosting and stuff... So here are my questions after I create my website... What host should I choose?(I've heard Bluehost and Godaddy are good) How much would registering a domain name cost me and after registering a domain name do I have to pay a monthly fee to retain it or is it a one time fee? In case it's monthly fee what happens if I just decide to abandon the domain and don't pay the cost.. Would the domain be up for grabs again?? How much would a hosting the site cost me per-month(Bluehost charges about $4/month but I'm guessing the site would act sluggish for that low cost).. Do I need a dedicated server or if not what plan would suit my needs. Is there any other way to monetize the site apart from adsense?? thanks in advance. But there are a lot of proxies running all over the web... Someone, somewhere must be willing to host these sites..

Public Comments

1. Proxies are against the terms of service of these hosting companies and your account will be terminated, your server shut down and no refund will be given.
2. You need to purchase proxy allowed hosting plan and just upload the proxy script on your server. Use PHProxy or Glype for your proxy script. Proxy hosting: http://www.monsterprox.com/ http://www.fusedhosting.net/ PHProxy: http://sourceforge.net/projects/poxy/ Glype: http://www.glype.com/ Proxy forum: http://forums.webproxytalk.com/ http://www.netbuilders.org/