Lets say im creating my own cryptocurrency and my own blockchain on ethereum, what would be the basic costs for setting all this up if i am developing on Ethereum


If you use your own blockchain you don't need to purchase any Ether. So the costs would be zero as you can just use your own blockchain with own internal cryptocurrency.

Of course you will probably have other expenses, such as development costs and upkeeping miners, but those depend totally on how you plan to manage the network.

  • dont we have to pay ethereum for using their services for creating smart contracts and stuff? – Shaun Ferns Mar 5 '18 at 11:15
  • No, it's not a company or so. If you want to use the public Ethereum Virtual Machine (the main network), you have to buy Ether to deploy things. But since you don't want to use the public network but your own network, you don't need real Ether. – Lauri Peltonen Mar 5 '18 at 11:23
  • So its free for a private network u mean? – Shaun Ferns Mar 5 '18 at 11:35
  • I also had another question, can we have a private blockchain for organizations and public blockchain for public users with the same crypto – Shaun Ferns Mar 5 '18 at 11:37
  • Yes. In a private network you can mine your own private Ether for free and then use that private Ether for whatever you need. – Lauri Peltonen Mar 5 '18 at 11:37

You just have to setup your own servers, or use a third party provider to get blockchain preconfigured servers like azure or aws


It depends actually if it is developed already, you just need the deployment cost that depends on your code, how well it is coded and optimized. You will be charged on the basis of gas, and you have to check the gas price when deployment is done.

Hope I have addressed your concern.


For blockchain application development cost you can refer to this link. It portrays all possible factors/solutions determining cost for development over blockchain blockchain app development cost

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    Please add the relevant details here. Answers comprising only links are liable to be deleted. Also, as written, this answer reads a little like spam. – Chenmunka May 25 '18 at 15:15

Well!! Blockchain development cost differs as per the location and skill of the developers.

You can refer to this link: Blockchain development cost

In-house developers
$45,000 for beginners $250,000 for experts

Freelancers $30,000 for beginners $60,000-$75,000 for experts

Outsource company $175,000 to $225,000 for beginners $300,000-$450,000 for experts.

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