Is it possible to host a Minecraft multiplayer server on my computer and connect to it from the game client on the same machine? If it is possible how would it affect other players connecting on my LAN?
My computer has a quad-core AMD chip, a NVIDIA 9800 GT, and 4GB of DDR3. I'm running Ubuntu 10.10 x64. My LAN is all wired 1000Mbps.
Edit: Additionally there would be a max of three or maybe four players on at any given time, all via the LAN.