The key blank with chip in it is $7.00 on the internet. The problem is, places that have the machine will want you to give them $90.00 and use their blank.
I have 2 blanks and the hardware store near me that has the sidewinder machine said they will not cut my blank.
I too would like to fabricate a simple vise with a 3/32 dowel and bit.
An already cut, chipped key is $53.00 from the Chevy dealer.
A locksmith will get closer to $100.00.
Instructions to add your new chipped key to your vehicles computer are on the web. Easy to do.
if you have a late model, 2 existing keys makes the programming easier.
There is a way to program with only one existing key, but it is more involved.