Yes I've done this before. My older brother and his friend created their own server and ended up having thousands of people join it (and fortunately made me a mod). It was a ton of fun when I played it a few years ago. Definitely recommend it.
And it can be profitable!
EDIT: Is it still active?
Bringing backthewave! RIP: Flowman MY GUESS: 5,002 <-- Yes.. it still is.
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