We aim to train accurate denoising networks for smartphone/digital cameras from single noisy images. Downscaling is commonly used as a practical denoiser for low-resolution images. Based on this processing, we found that the pixel variance of the natural images is more robust to downscaling than the pixel variance of the camera noises. Intuitively, downscaling easily removes high-frequency noises than natural textures. To utilize this property, we can adopt noisy/clean image synthesis at low-resolution to train camera denoisers. On this basis, we propose a new solution pipeline -- NERDS that estimates camera noises and synthesizes noisy-clean image pairs from only noisy images. In particular, it first models the noise in raw-sensor images as a Poisson-Gaussian distribution, then estimates the noise parameters using the difference of pixel variances by downscaling. We formulate the noise estimation as a gradient-descent-based optimization problem through a reparametrization trick. We further introduce a new Image Signal Processor (ISP) estimation method that enables denoiser training in a human-readable RGB space by transforming the synthetic raw images to the style of a given RGB noisy image. The noise and ISP estimations utilize rich augmentation to synthesize image pairs for denoiser training. Experiments show that our NERDS can accurately train CNN-based denoisers (e.g., DnCNN, ResNet-style network) outperforming previous noise-synthesis-based and self-supervision-based denoisers in real datasets.