I think much selection of bit rate depends on your audiences. If majority of your listeners are from US or Europe using high speed connection than 128kbps will be best for audio sound quality over 64kbps and 96kbps. But if most of your listeners have dialup connection may be 24kbps or 32kbps will be better choice.
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128 I would say minimum espscially if you are looking at US market
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Thanks for all your answers ... So I will go with 128 and get 150 slots for now!
I have tryed to search WHT and Google, but how to be sure that I am on the right place. That is why I have posted this thread here to see your advices ... and my clients are Europe based! Prety much of the will be on broadband connection I am sure ... but can get two streaming hosts, one for broadband connections and the one for dial up connection!? am I right?
You're definitely correct in getting two streams. Alot of shoutcast stations have up a stream for low and also high bitrate. Of course the other alternative is going with a host who'll let you run icecast as icecast is able to handle both streams in the same server process vs shoutcast (just some information that may also help you). If memory serves me correctly icecast is also able to do vorbis/ogg as well as mp3 streams and even AAC.
Best of luck to you with your radio station venue. Ensure you do adequate research on any provider before just jumping on a bandwagon (to ensure you're not stuck having to search again fairly soon).