A couple of things you might want to consider:
Check sum the DLL. Using a cryptographic hash function, you can store this inside the license file or inside the DLL. This provides a verification method to determined if my original DLL file is unhacked, or if it is the license file for this DLL. A few simple byte swapping techniques can quickly take your hash function off the beaten track (and thus not easy to reproduce).
Don't store you hash as a string, split it into unsigned shorts in different places.
As Larry said, a MAC address is fairly common. There are lots of examples of how to get that on The Code Project, but be aware it's easy to fake these days.
My suggestion, should be use private/public keys for license generation.
In short, modes of attack will be binary (modify the instructions of your DLL file) so protect against this, or key generation so make each license user, machine, and even the install specific.