Modding Basics
Console mods are generally described as either "hard" or "soft." Hard modding a console refers to soldering a mod chip to the machine's motherboard. This modding method, if not done properly, can damage the console's parts permanently. It also voids the console's warranty. Soft mod methods vary, but in general, the console owner transfers exploitation files onto a memory unit or SD card. When the files run on the console, they modify and overwrite any existing software. This, like installing a mod chip, also voids the console's warranty.
Ease of Installation
Mod chip installation involves opening and dismantling a console, soldering the chip to the motherboard and putting the console back together properly. The method requires a moderate to high level of technical expertise. Soft modding is easier to perform for those with little to no technology experience. Online modding communities provide packages of files to mod almost any console, along with instructions for how to use the files. The possibility of damaging the console using this method is low, but installing a corrupt or incorrect file can render the console inoperable.
Soft Modding
When soft modding a console with files on a memory card, you do not need to open the console. Soft modding requires less time and technical ability than hard modding. To soft mod, you only need to buy a memory card. Memory cards typically cost $20 or less. If you use a soft-modded console to access online services, such as PlayStation Network or Xbox LIVE, the console will most likely get banned from accessing the service in the future. To avoid this with a soft mod, you need to boot the console into retail mode by running a certain file.
Mod Chips
Hard modding, or installing a mod chip, is often difficult and confusing for those who have not worked with electronics before. To hard mod, you need to buy a mod chip, and prices range from $20 to $100. If you want to take your console online, you need to cloak it from detection. Many mod chips feature a switch that automatically puts the console in retail mode to avoid detection. This cloaking is not foolproof, and your console may still get banned from the manufacturer's network.