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If you are setting your computer up to be able to run servers you need a static IP address. If it is just a workstation then you can usually do everything getting an IP address from the DHCP server if you have one. If you have a DHCP server still unselect DHCP and fill in you hostname then reselect DHCP. Here is where you can cause a lot of problems for the network. If you get the IP address and the gateway address mixed up, you will probably mess up more than just your computer. Make sure you get the addresses correct.