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Well, the problem is to change channels you need to change it on the receiver, not the computer. The cable TV's cable goes into the receiver, and from the receiver I get a cable that goes into the computer. The receiver broadcasts the satellite onto channel 3, and channels 2, 4, 5, ... etc., are cable channels. So if I change channels on the computer, which is quite possible, I'm changing the CABLE TV channels, not the satellite TV channel.
And yes, anyone can theoretically connect to it provided they know the address and password... lol.
I haven't yet tried it, but I don't see why it will not work. I've broadcasted TV over my fixed line LAN, and hopefully the wireless part will work just as dandy. Hehe.
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