It’s a pretty well known fact that many of us are addicted to entrepreneurship. We start one thing after another, hoping at least one project will catch on. Some do, some don’t. I’ve personally been involved in three startups (blogs and other projects). A couple were successful, the other was a flop. But that’s what being an entrepreneur is all about.

But what makes someone give up on a project that is already earning them an income? Personally, as long as the site is making enough to cover its hosting costs, I don’t see the point in ditching the project unless you think you can auction it off like Small Potato did at WPDesigner.

Whatever it is that drives bloggers to generosity has made it’s mark on one of Ashley Morgan’s friends. Although he wishes to remain anonymous, he has decided to donate his blog, his hosting, and his domain name to Upstart Blogger–free of charge. And what is Mr. Morgan doing with this freebie? Passing it along to one of his lucky readers.

So what do we know about the site that’s up for grabs? It has a five letter, dot com, domain name. It is currently generating a guaranteed income. One of the sponsors is Upstart Blogger. It has full, lifetime hosting. It’s a Wordpress showcase blog. And the current topic is one that is experiencing massive growth thanks to the success of Wordpress’s fantastic blogging software.

This really is a fantastic opportunity for anyone that is looking to break into the blogosphere with both feet. With the popularity of blogging on the rise, you’d be hard pressed to find a blog like this at a low price–let alone free.

I’ve been a long time Upstart Blogger reader and for a site that is quickly becoming home to some of the most amazing giveaways on the net, Ashley Morgan has really outdone himself this time.

If you had a blog that brought in even a tiny sum of cash each month, would you give it away for free?