(adsbygoogle = window.adsbygoogle || []).push({}); Hey Im Wondering IF Its Possible TO host CL's and Such With Only 1 Ps3 and Work Effectivly? Im a Newbie

Not enough info here. If you're jailbroken, then yes. If you're not jailbroken then no you can't.

So If i Downgrade my ps3 from the lastest update to like 3.55 or 3.70 and JB it can i and what will i need to do ? Tut?

You can only jailbreak on 3.55 or lower. When/if you do and jailbreak it just follow one of the many tutorials on here on how to use modified eboots, selfs, etc.

ok so im very interested in hosting this stuff so i have my ps3 slim and a brain and i would like to do this but i wont want anything to happen to my ps3, So is there a way if it fails i can jsut restore it or something? and also will i be able to still play online right?

Well if you do plan on downgrading, then you're going to need to buy a hardware flasher such as an E3 flasher or Progskeet. At the moment, there isn't a software downgrade. I'm not too familiar with hardware flashing but I think it's more of a win/lose situation. You either do it correctly or it just doesn't work at all.

how much are them bro?

You're looking at roughly $70-$100. You should only buy one if you're 100% certain on downgrading.

w8 thats the only way? i thought u can download the firmware them like upload it to your ps3

Unfortunately it's the only way right now.