Using electrical tape would be too unstable.
The gum on the tape has a relatively short lifespan in terms of gripping strength, and would most likely pull away from the circuit board just from the weight of itself.
Its best application is wrapping wires, or creating non-conductive insulation around connectors.
And for crying out loud, DONT USE A COLD-HEAT SOLDERING IRON!!!
Its basically a miniature arc welder, and induces a current through the joint to be soldered. great for soldering bundles of wires together or tinning speaker wire, but it usually ends up frying any semiconductors nearby. not good, not good.
Head to radioshack and get yourself a good 15-30 WATT soldering iron with as thin/sharp a tip as you can. the smaller (in diameter) the tip is, the more precise you can get with your soldering. Remember in many cases you will be soldering right to the leads on an IC, something you REALLY dont wanna muck up. the rest of the solder points are not much bigger than the head of a pin. its very very precise work, and you need to take your time.
Get some 60/40 flux core electronics solder, and a couple "proto-boards" and a "wire jumper kit" and practice making good clean SOLID solder joints.
no tape, no hot glue, no regular glue or crazy glue, theres really only one way to get a reliable mod chip install, and thats to solder it the old fashioned way.
(protip- tin the ends of your wire leads and the spots on the board you will be soldering to, makes the process go much more smoothly. also, make sure you lay out your wires and figure out how long each one needs to be before you get started. you want to run the wires around big blocks of circuits, so that it fits snugly)
~Xomby
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