ok mate go to this link and download the 2 files.
http://www.sendspace.com/file/plzhny
You have to create a server on your pc.
once you have it installed go to C:\Program Files\SHOUTcast and edit the ini file.
juat edit the
***************************
Required stuff
***************************
all you need to do is the port and the password, then save the ini file.
then double click the sc_serv.exe
this should then give you a screen shot like below.
So thats your server side of things set up.
then run winamp and go to options and select options, preferences and select shoutcast source DSP you should see a box appear like the one below.
go to the yellow pages button and put in your options like i have done.
then select connection and put your ip address of your computer in ( go to cmd and type ip config this will give you your ip addy )
make sure where i have the red dots that your settings are exactly the same or it will not work.
now on this tab along the top this is what is going to zap your bandwith and will depend on what your connection is like but you must have it on encoder option one or it will not work
after that put some songs in your play list and then thats it.
I use an internet host so i stream to them and then they push it out to my listners at 80kbps so everyone that listens has a good sound.
then all you have to do is give out your link, for example if my ip addy for my pc was 82.39.1.1 then the link i would use is http:/82.39.1.1:8000
( if you want to hide your ip address so your not given it out in links then have a look at no ip, it will let you create an ip mask so for example you link would then become
http:/myradio:8000
Good luck