It create any problem for hosting 2 good traffic blog on single bluehost hosting. I am not get any problem. But i think it reduce google adsense click.
why should it reduce adsense clicks? on the same shared web server there are probably tens of other adsense publishers, but this doesn't influence your adsense revenue or click through.
Technically you can host multiple blogs in one account, but you may like to have them hosted on different domains.
@Anic21: Seem your host is Justhost , not Bluehost. I think Bluehost better than Justhost. Bluehost have bigger resource than Justhost.
it doesnt depend on host. Though you are on unlimited plan,if you are eating much resource,they will ban/warn you. Let it be justhost or bluehost
Yes it can be done but be mind that the host will suspend your hosting when you over use their server resources especially RAM and CPU usage.
And remember there is no such thing as unlimited, you have limits somewhere, just as Anic21 said, whether it is resources, filesize, inodes etc.
If get good traffic, my blog load slowly - it reduce my click - i think. It use lots of resources of my account. I am not get any error.