I explain in detail how to set up your own internet radio station using Winamp, Shoutcast DSP, and listen2myradio.com.
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If you cannot get the live mic to work, but you still wish to have your voice on your station, user SofMent said that he uses Audacity to record his voice, and plays it as an mp3 through winamp. If you do not need your voice live, that may work for you.
