Hey there. I'm having this issue too. I used the released procaster version, then the beta version. Both claim that I'm offline: "Error Connection Failed". I then followed your steps to restart my channel. It didn't fix my problems connecting. I'm using livestream procaster with Admin permissions for recording my desktop (to broadcast a programming project's development). Here's my connection speed:
It used to work before I reinstalled Windows 7. It's completely up-to-date, so *confusion*. Any suggestions would be appreciated. Thanks.