SysAdminGear

"SHOUTcast is a multiplatform freeware digital audio streaming technology developed by Nullsoft. It allows audio content, primarily in MP3 or HE-AAC format, to be broadcast to and from media player software, enabling hobbyists and professionals to create Internet radio/Web radio networks." ( Source )

Installing Shoutcast
First you should create a shoutcast user for security reasons:

Login to root, then add the shoutcast user:
# adduser shoutcast
# passwd shoutcast

Login as the shoutcast user:
# su shoutcast

Installing shoutcast:
First, get shoutcast from nullsoft and extract it:
# wget http://www.shoutcast.com/downloads/sc1-9-2/shoutcast-1-9-2-linux-glibc6.tar.gz
# tar -zxvf shoutcast-1-9-2-linux-glibc6.tar.gz
# rm -rf shoutcast-1-9-2-linux-glibc6.tar.gz
# mv shoutcast-1-9-2-linux-glibc6 shoutcast
# cd shoutcast

Edit the configuration file:
# nano sc_serv.conf

You should change these settings in the file:
MaxUser
Password
PortBase

Now you need to uncomment AdminPassword and set an admin password, save and exit.

Start shoutcast:
# ./sc_serv sc_serv.conf

And thats it, it should run fine now.