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unbalanced vs balanced and my equiptment

i've read stuff about certain peices of equiptment being balanced and unbalanced and stuff like that. on my 8-track, fostex mr-8, I have two balanced XLR inputs and two unbalanced 1/4" inputs.

Now, I just got a mixer (Soundcract Series 1S) and someone said something that its pin 3 hot. I don't know if that's unbalanced or balanced...

RME card has UNBALANCED inputs only . . . is that a problem?

The PCI interface card I'm looking at buying (the RME Digi96/8 PAD) has only UNBALANCED analog inputs. Almost all the threads I've read here talk about the advantage of going all balanced. Should I drop it from consideration or is the lack of balanced inputs not a problem?

Patchbay. Balanced or Unbalanced?

I would like to get a patchbay to make patch changes easier in my rack.

Im looking at the Beringher px2000 or px1000. What is the difference between Balanced and Unbalanced? (the PX2000 is unbalanced.)

All my cables are 1/4" mono plugs for routing around the various boxes. Some times I do voice through the same rack.