There isn't any "setup" for the modem. The 7000 does it's own thing. It is "self-hosted". Regarding the dynamic or static IP; that depends on whether or not you ordered a static IP address when you bought the package. If not, then it is dynamic (the modem assigns one to you). So if you run the Hughes LCCU program that sets up your computer, there is nothing else you need to do without getting into that techy bla-bla-bla stuff. Look at the Hughes usage site mentioned above, and when it says you are NOT under FAP, do a speed test from this site.