While there is a function to change the IP address in the console GUI, it is easier to use PuTTY or another telnet client to accomplish the task.
Open the terminal program and connect via Telnet to the console’s current IP address. Your computer must be in the same subnet.

You will be prompted to log in. The username is knockknock and the password is whosthere.
The syntax is IP [address] [netmask] [gateway]. All three values are required. Example:ip 192.168.87.203 255.255.255.0 192.168.87.1
Hit enter. You will see the information that the console received. If this is correct, reboot the console and it will come up on the new IP address. If you made a mistake, enter the IP command again to fix it. It is very important that you check your work and correct if necessary before rebooting because you don't want to save an invalid address.
