Problema con al arrancar Server con Django

[sgmontecino]

Hola, estoy iniciando con recién a usar django. Actualice la versión de Python (3), actualice los path, instale Setuptools y PIP. Cree un nuevo proyecto, ocupe migrate y todo salio bien, pero al momento de echar a correr el servidor:

Código:

C:\Users\Kompressor\Documents\lalolando>python manage.py runserver 8080
Performing system checks...

System check identified no issues (0 silenced).
March 27, 2015 - 09:48:37
Django version 1.7.7, using settings 'lalolando.settings'
Starting development server at http://127.0.0.1:8080/
Quit the server with CTRL-BREAK.
Unhandled exception in thread started by <function check_errors.<locals>.wrapper at 0x03678390>
Traceback (most recent call last):
  File "C:\Python34\lib\site-packages\django\utils\autoreload.py", line 222, in wrapper
    fn(*args, **kwargs)
  File "C:\Python34\lib\site-packages\django\core\management\commands\runserver.py", line 134, in inner_run
    ipv6=self.use_ipv6, threading=threading)
  File "C:\Python34\lib\site-packages\django\core\servers\basehttp.py", line 176, in run
    httpd = httpd_cls(server_address, WSGIRequestHandler, ipv6=ipv6)
  File "C:\Python34\lib\site-packages\django\core\servers\basehttp.py", line 117, in __init__
    super(WSGIServer, self).__init__(*args, **kwargs)
  File "C:\Python34\lib\socketserver.py", line 430, in __init__
    self.server_bind()
  File "C:\Python34\lib\site-packages\django\core\servers\basehttp.py", line 121, in server_bind
    super(WSGIServer, self).server_bind()
  File "C:\Python34\lib\wsgiref\simple_server.py", line 50, in server_bind
    HTTPServer.server_bind(self)
  File "C:\Python34\lib\http\server.py", line 135, in server_bind
    self.server_name = socket.getfqdn(host)
  File "C:\Python34\lib\socket.py", line 463, in getfqdn
    hostname, aliases, ipaddrs = gethostbyaddr(name)
UnicodeDecodeError: 'utf-8' codec can't decode byte 0xe1 in position 7: invalid continuation byte

Alguien me puede ayudar?, please