I have received comment after comments asking me if the mics that I test out are capable of recording music and sounding good. Rather than testing all the microphones I have tested, I selected 3 to test out. The SF-920, the NW-700, and the SM48. All of these mics are $30 or less and I did a couple tests on them.

I recorded an overdriven guitar with the mics (I should note that the amps volume is not very loud).
I recorded a clean guitar with the mics to show you more of what the mic is capable of doing on an amp.
Lastly, I recorded a Ukulele to show you how this thing functions with acoustic instruments.

To sum up, I believe that the Neewer NW-700 performed the best on the clean guitar and acoustic instrument, and the SM48 performed the best on the overdriven guitar. However, if either of these mics are out of your price range, you will probably be okay picking up the SF-920. So the answer to "Can You Record Music With a Cheap Mic?" is YES!

The first extra video that I am releasing on the podcastage Channel is a video that I made just for myself and my curiosity. I had a Chromebook lying around and I wanted to know if you can podcast on it. This would provide an extremely low and cheap entry point for podcasters.

I found that it is possible to do, but you will not have the best sound quality, and you won't have that much power. The best way to go about it is using a Xenyx 302usb (a usb mixer). This will provide you with Phantom Power, live monitoring of what you're recording, and a basic EQ. The service that I tested out www.twistedwave.com only allows you five minutes of recording time for free on a single track. The pricing breakdown is as follows

Free = 5 Minutes
$5/month = 20 minute files & 1 track
$10/month = 60 minute files & 1 track
$20/month = unlimited minute & unlimited tracks

So in all honesty, I don't know how viable of an option this is. But it's the best way I was able to find. I have a few other things I will test out later and report back to you on. For now that's all I got. If you have any questions, leave them in the comments below (or on youtube) and I will get back to you ASAP. Thanks for watching/reading.