Costs & the Free Way
It all depends on the quality of video you are sending. Very high quality video would take lots of bandwidth. It would provide great images but would be accessible to less people as they would also need a speedy connection to view it without lags. It is better to use a lower quality video or even better a higher quality video format like mp4 with setting optimized for web streaming. I think 10 gigs would be lots but we also sell a package for $25/Month with 100 gigs of transfer.
The free way may still be the best way. Even with a web hosting package you would need to have your computer on, taking the video, and then sending it to the server by way of ftp. If your computer is going to be on and working.... It would be just as easy to have it host the video. This would save on bandwidth because it would only be getting used if someone was actually watching the video stream. If you have your computer sending it to a server it is using bandwidth even if people are not watching the video. In short, for this purpose it may be best to host it yourself on your computer. With a dns account from dns.org you can have your ip address masked as a domain name and give a professional look for free. I have done this before and it is easy. However I am on a Mac and OSX comes with Apache Server software built in and ready to go. On a windows box I am not sure of the process.
Do you have a cable or dsl connection?
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