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Configure IP of Live IP Camera

Run IPCManager if you already installed it
Enter username and password
Select IP camera you would like to set
Click checkbox of DHCP (Recommended)
Click "Modification" and it'll pop up "set successfully"
Click "Close"-->"Refresh" and it'll show new IP above

NOTE: please ensure the IP camera and your PC are on the same network segment if it's connected to the same router. That's why it's recommended to use DHCP to obtain IP address to make it for sure.