HTTP music streaming

I read two posts introducing HTTP music streaming applications lately: ZX2C4 Music by Jason Donenfeld and musica by Dustin Kirkland. Storing my music collection in a central accessible place is something I wanted to do for a long time but setting up a home server has always seemed like a big waste of energy and money to me. As there are web hosting plans with unlimited space and bandwidth available for $10, uploading everything to a web server might actually be an option. Although I can't help but think that it's a pretty strange thing to do.