Add the potatoes to a large pot, add enough water to cover the potatoes and about one teaspoon of salt (if desired). Bring to a boil, then reduce heat and let them cook for about 15-20 minutes or until they can easily be pierced with a fork (this will vary depending on the size of your potatoes).
Once cooked, drain the potatoes and set aside to cool.
After the potatoes have cooled, peel the potatoes and chop them into bite sized pieces and add them to a large bowl.
Add the sour cream, mayo, cheddar cheese, bacon, and chives and mix until fully combined. Season with salt and pepper to taste.
Cover and refrigerate until ready to serve.