sooo... help

I am confidant with the network side of things (getting FTP to and from the xbox and so on)
What I would like to know is, what is the best way to mod xbox these days...it IS 2014 now

Back when I was doing it, a chip was the way to go, however, I have been doing some research the last day or so and it seems that ntere is no advantage to a chip over a soft mod these days.
So how is everyone soft modding there XBOX these days? is there a "install disk" (just guessing)
Oh wise ones.... point me in the right direction please.