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You can run the server on your own computer if you have good computer and internet and don't mind having it on 24/7 for a while (get a UPS - Uninterrupted power supply for your internet + computer)
Then once you know what your doing and have issues figured out pay for a good host somewhere, you will want one with DDos protection as other servers or annoyed players tend to ddos. Some hosts just drop you as a client when that happens so you want a dedicated server.
And it need to have a lot of ram and maybe 4 cpu cores.
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