Make 1ETH Daily with an AI Bot by ChatGPT | Complete 2024 Tutorial in My Video | Step-by-Step Guide

Summary

This video explains how to set up and operate an Ethereum sniping bot using AI, specifically ChatGPT, to generate code. The bot monitors the blockchain for new tokens and sudden price changes, allowing users to quickly buy or sell before others notice. The video walks through deploying the bot using Remix and MetaMask, funding the contract, and letting the bot make trades. The creator shows a 31% profit after 12 hours and emphasizes the potential for passive income with minimal effort, encouraging viewers to try it out for themselves.

Takeaways

• 📢 Jacob introduces his Ethereum sniping bot tutorial video, initially recorded for a private channel, but is now sharing it publicly for support.
• 🤖 The sniping bot, powered by AI (ChatGPT), is designed to monitor the blockchain for new tokens and significant price changes to make profitable trades.
• 💡 The bot’s key advantage is its ability to act quickly like a 'ninja,' allowing users to buy or sell tokens before other traders notice.
• 📈 The bot leverages algorithms to identify opportunities immediately after tokens are listed or when there are sudden price fluctuations.
• 🖥️ Jacob uses Remix, a Web3 application, to develop, compile, and deploy the smart contract written in Solidity for the sniping bot.
• 💼 The bot contract is compiled using Solidity version 0.6.5, and Jacob shows how to deploy it on the Ethereum mainnet via Remix.
• 💰 The bot is funded with Ethereum for trading, with potential profits depending on the amount funded and the market opportunities the bot identifies.
• 🤑 After 12 hours, the bot made a 31% profit, and after 24 hours, Jacob reports gaining over half of his initial deposit back, showcasing the bot’s earning potential.
• 🔧 Key functions of the smart contract include ‘start’ (activating the bot) and ‘withdraw’ (stopping the bot and returning profits to the wallet).
• 👍 Jacob encourages viewers to share their profits, like the video, and subscribe for more tips on generating passive income using Web3 tools.

Q & A

What is the purpose of the sniping bot mentioned in the video?

The sniping bot is designed to monitor the Ethereum blockchain for new tokens and significant price changes, allowing it to buy or sell tokens quickly before other traders can react, thus profiting from price differences.

How does the sniping bot gain an advantage in trading?

The bot gains an advantage by detecting tokens as soon as they are listed or when there is a sudden price change, allowing it to execute trades faster than other traders, making use of quick reactions to market opportunities.

What technology powers the sniping bot described in the video?

The bot is powered by AI, specifically utilizing ChatGPT, which helps generate the code for a smart contract to hunt for sniping opportunities in the Ethereum blockchain.

Is any coding knowledge required to use the sniping bot?

No, the bot can be used without any coding knowledge. The video demonstrates how to create and deploy the bot using ChatGPT and Remix, making it accessible for beginners.

What tools are needed to create and deploy the sniping bot?

You need ChatGPT for generating the smart contract code, Remix (a Web3 development environment) for compiling and deploying the contract, and the Metamask browser extension to interact with the Ethereum blockchain.

What are the key addresses mentioned in the smart contract code?

The video mentions addresses for wrapped Ether tokens, which the bot competes against. These addresses can be verified using Etherscan to ensure accuracy.

How can the bot be funded, and what role does the funding amount play?

The bot can be funded with any amount of Ethereum, which will be used for trading. The more Ethereum you fund, the larger the trades the bot can make, potentially increasing profits over time.

What are the two key functions of the smart contract in the video?

The smart contract has a 'start' function to enable the bot to begin monitoring the market and a 'withdraw' function to stop the bot and transfer funds back to the user’s wallet.

What were the results after running the bot for 12 hours?

After running for 12 hours, the bot generated a 31% profit, increasing the user’s balance to 1.31 Ethereum. After an additional 12 hours, the balance increased further to over 1.6 Ethereum.

What should users do if they want to stop the bot and withdraw their funds?

Users can stop the bot by clicking the 'withdraw' button in the smart contract. This will halt trading and return the initial Ethereum, along with any profits, to the user’s wallet.

Outlines

00:00

📹 Introduction and Purpose of the Video

Jacob introduces the video, initially intended for his private channel, but decides to share it publicly to gain support and attention for his new channel. He discusses the main topic of the video—creating and operating an Ethereum sniping bot using AI-powered ChatGPT, which generates passive income daily. This bot monitors the blockchain for new tokens and significant price changes, executing trades faster than other traders, providing an edge in earning money from price differences. The bot is powered by sophisticated algorithms and requires no coding knowledge, making it simple for users to operate.

05:00

💻 Setting Up the Ethereum Sniping Bot

Jacob proceeds to demonstrate how to create the Ethereum sniping bot by using ChatGPT to write the code for a smart contract. He then explains how to use Remix, a web3 development platform, to deploy the contract. Jacob guides viewers through creating a new contract folder, copying the code generated by ChatGPT, and ensuring the correct configurations in Remix. He also points out the addresses used in the contract and emphasizes checking the wrapped ether address for accuracy before deploying the smart contract on the Ethereum mainnet. After compiling the bot with the right settings, he shows how to deploy it and confirms the transaction.

🚀 Deploying and Running the Bot for Profit

Once the smart contract is successfully deployed, Jacob funds the bot with one Ethereum and enables it to start sniping liquidity pairs by analyzing the mempool. He sets the gas fees to a high level for quicker transactions. After letting the bot run for 12 hours, he checks the profits and sees a 31% gain, bringing his balance to 1.31 Ethereum. Jacob lets the bot run for another 12 hours and gains over half of his initial deposit back, reaching 1.6 Ethereum. He explains that users can withdraw profits by stopping the bot, which returns both the initial amount and profits to their wallet. Jacob ends by showcasing the profits in his wallet and sharing the potential to earn more Ethereum over time.

💰 Profit Potential and Final Thoughts

In this final part of the video, Jacob highlights the bot's profitability over time, sharing that he's had weeks where he earned between 3 to 6 Ethereum, sometimes even more. He emphasizes that the bot can continue running until the user chooses to withdraw funds. Jacob encourages viewers to share their own experiences and profits in the comments section, asking them to like the video and subscribe for more content on making passive income with Web 3 tools.

Keywords

💡Ethereum

Ethereum is a decentralized, open-source blockchain system that features smart contract functionality. In the video, Ethereum is the platform used to create and operate the sniping bot, as the bot interacts with Ethereum’s blockchain to execute trades automatically. It plays a central role in enabling the bot to earn passive income.

💡Sniping Bot

A sniping bot is an automated program designed to monitor the blockchain for opportunities to buy or sell assets quickly based on price changes or new token listings. In the video, the bot is used to snipe tokens by reacting swiftly to opportunities that arise, earning profits by buying or selling tokens before other traders.

💡ChatGPT

ChatGPT is an AI-powered language model used to generate code for creating the sniping bot. In the video, the speaker demonstrates how ChatGPT can be leveraged to write a smart contract for Ethereum, emphasizing the ease of using AI tools to automate complex processes like blockchain trading without requiring advanced coding knowledge.

💡Smart Contract

A smart contract is a self-executing contract with the terms of the agreement directly written into code. In the context of the video, the smart contract is programmed by ChatGPT and deployed on Ethereum to automate the sniping bot's trades. It enables the bot to function autonomously by executing transactions based on predefined conditions.

💡Passive Income

Passive income refers to money earned with minimal ongoing effort. In the video, the sniping bot is described as generating passive income for the user by automating the process of buying and selling tokens on the Ethereum blockchain. The speaker highlights how the bot requires little input after setup and continues to earn profits.

💡Remix

Remix is a web-based development environment for writing and deploying smart contracts using the Solidity programming language. In the video, Remix is used to compile and deploy the Ethereum smart contract created by ChatGPT. The speaker walks the audience through the steps of setting up a smart contract in Remix and deploying it to the Ethereum blockchain.

💡Metamask

Metamask is a cryptocurrency wallet browser extension that enables users to interact with the Ethereum blockchain. In the video, Metamask is essential for deploying the smart contract and managing the gas fees required for transactions. The speaker instructs viewers to connect Metamask to their Ethereum account to fund the bot and confirm trades.

💡Gas Fees

Gas fees are the transaction costs paid to the Ethereum network to process and confirm transactions. In the video, gas fees are necessary for deploying the smart contract and executing trades on Ethereum. The speaker advises setting the gas fee to high to speed up transaction confirmations, especially when the bot is performing rapid trades.

💡Liquidity Pairs

Liquidity pairs refer to pairs of tokens that can be traded against each other on a decentralized exchange. In the video, the sniping bot scans for liquidity pairs in order to perform sandwich transactions—buying and selling tokens quickly to exploit price differences. Monitoring these pairs is key to the bot's ability to generate profits.

💡Mempool

The mempool is a waiting area for transactions before they are confirmed and added to the blockchain. In the video, the sniping bot scans the mempool to detect new transactions and liquidity pairs before they are processed, allowing it to act quickly and gain an advantage over other traders. This real-time detection is a crucial aspect of the bot's profitability.

Highlights

Introduction by Jacob sharing that this video was initially recorded for a private channel but is now shared publicly for support.

Explains that the video will demonstrate how to create and operate an Ethereum sniping bot using AI-powered ChatGPT.

Mentions the bot already brings passive income daily by monitoring blockchain tokens and price changes.

Describes the bot as acting quickly to buy or sell tokens before other traders realize what's happening, taking advantage of price differences.

The bot is designed to detect tokens immediately after they're listed or when there’s a sudden price change, using sophisticated algorithms.

Assures viewers that no coding knowledge is needed to create or operate the bot.

Demonstrates how to ask ChatGPT to write the code for a smart contract to hunt for sniping opportunities on Ethereum.

Introduces Remix, a web3 application for developing, compiling, and deploying smart contracts in the Solidity language.

Guides users to create a new contract file named ‘bot doso’ in Remix and paste the code generated by ChatGPT.

Explains how to verify wrapped Ether token addresses in the smart contract through Etherscan.

Instructs viewers to compile the smart contract in Remix using the 0.6.0 version of Solidity.

Walks viewers through deploying the contract to their Ethereum wallet and paying gas fees for confirmation.

Mentions the steps to fund the contract with Ethereum, which will be used for trading.

Shows that the bot made a 31% profit within the first 12 hours and continues to generate more profit over the next 12 hours.

Explains the withdrawal process, where the bot stops trading, and the total Ethereum (including profits) is transferred back to the wallet.

Transcripts

hey everyone it's a Jacob I recorded

this video for my private Channel but I

have decided to share it with you all

for free in order to gain your support

and attention for my new channel here I

will show you how to create and operate

an ethereum sniping bot using AI powered

chat GPT and guess what it already

brings me passive income every day which

is amazing this sniping bot monitors the

blockchain for new tokens and

significant price changes when it finds

an opportunity it acts like a ninja

buying or selling tokens quickly before

other Traders realize what's happening

this gives us an advantage to make money

on price differences the secret of the

bot success is its ability to detect

tokens immediately after they are listed

or when there is a sudden price change

it uses sophisticated algorithms to

identify these movements and makes

trades for you you just need to sit back

back and let the profits roll in if you

think this sounds too complicated don't

worry it's actually pretty simple and

doesn't require any coding knowledge

enjoy your viewing all right let's get

started hey chat GPT write me the code

for a smart contract on ethereum to

automatically hunt for snipping

opportunities to earn ethereum

[Music]

there you go chat GPT is running a code

and I bet it's better than any human

could possibly think of then head over

to remix

ey. remix is a web3 application that

allows us to develop compile deploy and

launch Smart contracts coded in the

solidity language I'll put a link to

remix in the description below make sure

you have the metamask browser extension

installed and you're connected to the

ethereum main net if it's your first

time on remix it may ask you to agree to

their terms I've already done it head

over to the sidebar on the left and

create a new contract under the

contracts

folder we're going to name it bot doso

next copy this code from chat GPT and

paste it into the bot doou file you've

just

created this is our snipping trading bot

I will also place this code under the

description so that you can copy it if

you don't have access to chat

GPT a couple of things to look at after

pasting the code in lines 15 and 16 you

can follow these addresses using ether

scan these are the addresses of wrapped

ether tokens which we'll be competing

against you don't actually need to have

any wrapped ether yep perfect it's the

official wrapped ether address always a

good idea to check that back to remix

now that our bot file is

ready let's compile it click here as you

can see here it's built with the

0.6.5 version of solidity under compiler

select the

0.6.0 version so that it matches our

contract also make sure that the

language is set to solidity and evm

version is set to

default now click on the compile bot Doo

button and wait for the bot to

[Music]

compile now we're going to deploy this

to our wallet head over to the deploy

and run transactions tab tab in

remix here you'll want to select the

injected web 3 as the environment we

need to confirm the contract on the

blockchain by paying gas fees gas fees

are the commission on the ethereum

network for smart contract deployment

now the deployment under utility is

ready to go click deploy I always set

the gas fee to high there's usually not

much of a difference and it puts the

transaction through much faster now we

wait for the transaction to

confirm sweet we can see here that it is

confirmed meaning our smart contract is

deployed now you can see the various

functions for our smart contract start

enables the bot to start monitoring the

markets and withdraw stops the bot and

transfers funds back into your

[Music]

wallet with the smart contract deployed

fund it with some ethereum which will be

used for trading make sure you get the

right address

there you can fund the contract with

whatever amount of ethereum you want but

keep in mind that the more you put in

the larger the trades you'll be able to

make and potentially more profit you can

accumulate over

time sweet there we go the transaction

confirms that the funds were sent to the

contract we can make sure by checking

our contract address on The Ether scan

once again ensuring our ethereum is in

the

contract nice it's got one ethereum

which is the amount we funded the

contract with last step is to click

Start this will enable the bot to start

sniffing the mempool to find different

liquidity pairs in order for you to

sandwich transactions let's set the gas

speed to high save and click confirm

[Music]

all right guys it's been a little over

12 hours now and it's time to check the

profits the bot

made so as you can see I have about 1.31

ethereum which is 31% of the profit

already I'm going to let my bot run for

about another 12 hours and withdraw the

profits

after all right let's see how much more

we made

nice uh it's a little over 1.6 ethereum

so it basically took me a day to gain

over half of my deposit back that's

pretty impressive uh the bot will

continue to run until you click the

withdraw button when you click withdraw

the bot will stop trading and return to

the total ethereum you've entered

initially including the profit back to

your wallet so let's click it this will

charge us a little bit of gas I'll set

it to high again and then click confirm

there we

go then transaction confirmed let's go

to to our metam mask and see what we

have

[Music]

now you can see the balance from the bot

is already now in my wallet this is only

after running the bot for a little over

a day unreal I've even had weeks where

I've made 3 to six ethereum sometimes

even more the profits will fluctuate

week to week guys share your profits in

the comments below drop a like and don't

forget to subscribe for more profitable

ways to make passive income using web 3

tools

[Music]

oh

[Music]

[Music]