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Through much trial and error, I have realized the following...
Use high quality cables. Do a brief test recording first. One reason being to make sure there's no interference... you may need a ground loop patch if there's too much of a background humming sound.
Make sure there's no background programs running... by doing CTRL-ALT-DEL once you can close them individually by "end task".
Also, pay close attention to the monitor levels... too much clipping distorts the recording.
You'll need plenty of free hard drive space and RAM. Otherwise (and if too many background programs are running) your recording might have occasional skips... which is quite frustrating after you've carefully mixed and recorded for 70 minutes!
Lastly, in addition to my regular computer, I also have an older but robust laptop. I found that I get the cleanest purest recording when I record to the laptop unplugged (with a well charged battery of course). Probably has something to do with the electrical current.
Once you've mastered the recording process, then the editing fun begins. You can take this as far as you want, but the most basic skills will be to adjust the volume levels and perhaps create envelopes (useful for fade outs when your recording is a bit longer than what a CD will hold). You can also get noise reduction plug-ins for most programs, but it'll cost.
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