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Regarding paying another $20, unless you want another license for some reason, you should probably email Khaled to get that refunded. You only have to pay for mIRC once.
Your connection issue could be due to a variety of things and timed out doesn't help too much to find the solution.
It could be that your new ISP doesn't allow IRC (they are blocking the ports).
It could be that your new modem has a built-in firewall that is set to block IRC (most aren't like that by default, but a modem from an ISP can be configured differently than normal).
It could be a DNS problem (try connecting using the server's IP address instead of the host name). For example, 208.83.20.130 is the IP for tampa.fl.us.undernet.org. You can easily find IP addresses at
http://irc.netsplit.de/networks/ (just search for your network).
It could be that the network or server is currently down (try another network... preferably a large network like Undernet or Efnet, which are unlikely to be down).
Those are just some examples of what can cause the problem. That is a type of problem that could require a lot of troubleshooting to find the cause.
