Setup Own Name Server on Godaddy

http://support.godaddy.com/help/article/7513/setting-up-nameserver-dns-using-cpanel?pc_split_value=2

To Set up Nameserver DNS Using cPanel

1. Open a Web browser and navigate to:
   https://[[ipaddress]]:2087/
   where [[ipaddress]] is the IP address for your dedicated server.
2. Enter root as your user name and enter the password you specified when you set up your dedicated server account.
3. Click OK.
4. Click DNS Functions, and then click Edit DNS Zone.
5. Select the domain name you want to update the DNS for, and click Edit.
6. By default two NS records display for your domain name. Edit the first NS record to read ns1.yourdomain.com.
   NOTE: Don't forget the period after your nameserver. You need a "." after your nameserver for the DNS to work properly.
7. Edit the second NS record to read ns2.yourdomain.com.
8. In the Add New Entries Below this Line area, select A from the first drop-down list.
9. Enter ns1 in the blank field on the left.
10. In the IP or Hostname field, enter the server IP for the domain name.
11. In the second new entry row, select A from the drop-down list.
12. Enter ns2 in the blank field on the left.
13. In the IP or Hostname field, enter the server IP for the domain name.
14. Click Save.
15. Now you need to restart the DNS service to ensure these changes take effect on your server. Click Home, and then click Restart Services.
16. Click DNS Server (BIND/NSD).
17. Click Yes to restart the service. Allow a few minutes for the service to restart. DNS can take 24-48 hours to propagate once these changes have been made