Xbox 360 Liteon Key Dumping/Flashing?

Ok so this is still a little confusing to me, whats the cheapest way to do the key dumping thing. (Please list all the materials i'll need, including cords and crap) And will I have to replace my dvd drive after I've done it?
I wanna make it safely play backups, so ya basically
I'm only looking for a cheap, solderless method that won't fuck up my dvd drive
 
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