#1
Ha! I finally figured out how to record guitar with my Line 6 Toneport GX from Gearbox to the free Audacity software. At first I was messing with the free version of Riffworks (T4) but that won't let you export your recording to a WAV file without purchasing the full version.

For Audacity, I had to go into preferences under Audio I/O and set both the playback and recording devices to Line 6 Toneport GX. The Line 6 guitar interface (Toneport) has to be plugged into the computer before running Audacity so you see the device choices in the list. If you use a different guitar computer interface (like Stealthplug or whatever)you'll have to look for similar choices matching your hardware.

Also I was practicing with a backing track (of Yngwie Malmsteen's Majestic Blue) loaded in Gearbox and playing along and was wondering why Audacity would only record my guitar only. Instead you have to load the backing track in Audacity and under preferences again select "Play other tracks while recording new one." I have the "Software Playthrough" unchecked so Audacity doesn't playback guitar while Gearbox is also playing or it will sound lagged and distracting.

With Gearbox I'm experimenting with the Pexi Lead 100 amp model (set for a clean sound) only using Gate, Delay, and Verb to test my 250 overdrive clone pedal that I built so I can record a small demo clip of how it sounds.

Anyway just wanted to pass on some tips for people new to recording guitar through a computer like myself.
Fender Malmsteen Strat > Boss NS2 Noise Suppressor > NS2 Send > NeoClassic 3080 Compressor > NeoClassic 741 Overdrive > NS2 Return > NS2 Output > VHT Special 6 Ultra Amp > Amp Send > MXR Carbon Copy Analog Delay > Boss RC3 Loop Station > Amp Return
#2
I'll check it out, thanks.
Fender Malmsteen Strat > Boss NS2 Noise Suppressor > NS2 Send > NeoClassic 3080 Compressor > NeoClassic 741 Overdrive > NS2 Return > NS2 Output > VHT Special 6 Ultra Amp > Amp Send > MXR Carbon Copy Analog Delay > Boss RC3 Loop Station > Amp Return
#3
Quote by MightyOwned
You want a tip?

Ditch Audacity, download Reaper.



Or Adobe Audition
Gear:
1987 Charvel Model II
2010 Carvin ST300C
1990 Charvette 100
1991 Ibanez RG560M
2006 Fender Mexi Strat
Jackson/Charvel Star W/ Custom Graphics.
Ovation CP 247 Acoustic
Line 6 POD HD Pro X
Pro Tools 9

Tutorial: Studio Quality Programmed Drum Sounds
#4
I agree with the other answers, and the problem lies in the fact that you can't use ASIO drivers with Audacity(unless they recently changed that) ASIO drivers are a necessity with the line 6 USB line to take full advantage of it's inputs/thru-puts and low latency monitoring.