Streaming to shoutcast with libshout

After setting up a shoutcast server I tried to find a way to stream my music through it. When I was a windows user winamp with the shoutcast DSP plugin was a nice solution. But now I wanted to stream music that resides on my linux home server. The Shoutcast Transcoder that can be used for this purpose requires a paid license for mp3 streaming. So libshout from Icecast with a perl binding comes to rescue!