That's what I did with mine, and for the same reason. When I got it, I hung it by a chain hoist from a tree limb. I had every intention of making a mobile stand on wheels to roll it around but .......?????? Anyway, hooking it up when hanging is so easy that I left it there. The only drawback is that it is outside in the weather but it is sheltered to some extent by the tree.
Here is mine - simple but it works pretty good. Pics are on my blog:
An auger’s abode | Unplugged @ Knight