Bit rate hack - how to?

So after searching all kinds of terms with google, reading a ton of threads here and on DP review... I still have no idea how to find and install the bitrate hack, what the risks are, and how to control it. I don't even have a clear idea of what additional things it adds, how much is improved, is it there for 4K and 1080 and slowmo, etc... Any way we could have a sticky thread here, that's just the latest hacks, where they are, what they do, and links to installers and usage instructions? W

1) download: https://github.com/ottokiksmaler/nx500_nx1_modding/blob/master/nx-on-wake/nx-on-wake.zip 2) follow HOW TO instructions precisely: https://github.com/ottokiksmaler/nx500_nx1_modding/tree/master/nx-on-wake 3) check if you get 2 long then 3 short green LED blinks after Power ON 4) download https://github.com/ottokiksmaler/nx500_nx1_modding/raw/master/nx-on-wake/nx-on-wake.zip 5) follow HOW TO - INSTALLATION: https://github.com/ottokiksmaler/nx500_nx1_modding