Get +1ETH a day | My team created a bot that works thanks to ChatGPT
Summary
TLDRJacob introduces an Ethereum sniping bot in his video, designed to capitalize on price differences in the crypto market. Using AI-powered chat GPT, the bot monitors blockchain for new tokens and significant price changes, executing trades swiftly to gain an advantage. The tutorial covers creating a smart contract on Remix IDE, deploying it, and funding it for trading. Jacob demonstrates the bot's profitability, showing a 31% return in just over a day, and explains how to withdraw profits, highlighting the potential for significant passive income with Web 3 tools.
Takeaways
- 📢 The video is about creating an Ethereum sniping bot using AI, which is claimed to bring in passive income daily.
- 🤖 The sniping bot monitors the blockchain for new tokens and significant price changes, acting quickly to take advantage of price differences.
- 🔍 The bot's success lies in its ability to detect tokens immediately after they are listed or when there is a sudden price change.
- 💻 The video provides a step-by-step guide on how to write a smart contract for the sniping bot using the AI-powered chat GPT.
- 🛠 The smart contract is developed using Remix IDE, which is a web 3 application for Solidity language coding.
- 🔗 Metamask browser extension is required for connecting to the Ethereum main net and deploying the smart contract.
- 📝 Specific addresses for wrapped Ether tokens are provided in the code, which are to be checked on Etherscan for verification.
- 💼 The smart contract needs to be funded with Ethereum to start trading, and the amount can affect the size of trades and potential profits.
- 🚀 The 'Start' function enables the bot to monitor the markets, while the 'Withdraw' function stops the bot and transfers funds back to the wallet.
- 📈 The bot's performance is showcased with a 31% profit after 12 hours and a total of 1.6 Ethereum after a day.
- 💰 Profits from the bot can be withdrawn at any time, and the video encourages viewers to share their profits and subscribe for more content.
Q & A
What is the purpose of the video presented by Jacob?
-The purpose of the video is to demonstrate how to create and operate an Ethereum sniping bot using AI-powered chat GPT, which is designed to bring in passive income by monitoring the blockchain for new tokens and significant price changes.
How does the sniping bot gain an advantage in trading?
-The sniping bot gains an advantage by acting quickly like a ninja to buy or sell tokens before other traders realize the opportunity, thus capitalizing on price differences.
What is the secret to the bot's success according to the video?
-The secret to the bot's success is its ability to detect tokens immediately after they are listed or when there is a sudden price change, using sophisticated algorithms to identify these movements.
What is the role of chat GPT in creating the sniping bot?
-Chat GPT is used to write the code for a smart contract on Ethereum that automatically hunts for sniping opportunities to earn Ethereum.
What is Remix and how is it used in the video?
-Remix is a web 3 application that allows for the development, compilation, deployment, and launch of smart contracts coded in the Solidity language. It is used in the video to create and deploy the sniping bot smart contract.
What is required to use Remix for deploying smart contracts?
-To use Remix, one needs to have the MetaMask browser extension installed and connected to the Ethereum main net.
What is the name of the smart contract created in the video?
-The smart contract created in the video is named 'bot.soul'.
What addresses should be checked on Etherscan after pasting the code?
-After pasting the code, the addresses on lines 15 and 16 should be checked on Etherscan, which are the addresses of wrapped Ether tokens that the bot will compete against.
How is the smart contract deployed on the Ethereum network?
-The smart contract is deployed by selecting the injected web 3 as the environment in Remix, confirming the contract on the blockchain by paying gas fees, and clicking the deploy button.
What is the initial step after deploying the smart contract?
-The initial step after deploying the smart contract is to fund it with some Ethereum, which will be used for trading.
How does the bot operate once it is funded?
-Once funded, the bot starts monitoring the markets by sniffing the mempool to find different liquidity pairs for sandwich transactions.
What is the final step to retrieve profits from the bot?
-The final step to retrieve profits is to click the 'Withdraw' button, which stops the bot from trading and returns the total Ethereum, including profits, back to the user's wallet.
Outlines
🤖 Introduction to Ethereum Sniping Bot
Jacob introduces a video tutorial for creating an Ethereum sniping bot using AI-powered chat GPT. The bot is designed to monitor the blockchain for new tokens and significant price changes, acting swiftly to buy or sell tokens before other traders. It's claimed to generate passive income daily. The tutorial will guide viewers through the process of writing a smart contract and deploying it on the Ethereum network, using Remix IDE and Metamask, without requiring coding knowledge.
🛠️ Deployment and Funding of the Sniping Bot
The second paragraph details the deployment process of the smart contract for the sniping bot. After writing the contract code with the help of chat GPT, the contract is compiled using Remix IDE with Solidity version 0.6.6. The contract is then deployed to the Ethereum network via Metamask, with gas fees paid to confirm the transaction. Once deployed, the smart contract is funded with Ethereum to enable trading. The bot's functions are explained, including starting the bot for market monitoring and withdrawing funds back to the wallet.
📈 Reviewing Profits and Withdrawing Earnings
In the final paragraph, Jacob reviews the profits made by the sniping bot after running for over 12 hours, showing an initial profit of 31%. He plans to run the bot for another 12 hours before withdrawing the profits. The process of stopping the bot and withdrawing the earnings, including the profits, is demonstrated. The transaction is confirmed, and the funds are successfully transferred back to the wallet, showcasing the bot's profitability and the ease of withdrawing earnings.
Mindmap
Keywords
💡Ethereum
💡Sniping Bot
💡AI Powered
💡Passive Income
💡Smart Contract
💡Remix
💡MetaMask
💡Solidity
💡Wrapped Ether
💡Gas Fees
💡Profit
Highlights
Introduction to creating an Ethereum sniping bot using AI-powered chat GPT for passive income
The bot monitors the blockchain for new tokens and significant price changes to take advantage of price differences
It uses sophisticated algorithms to detect token listings and sudden price changes, making trades automatically
No coding knowledge is required to operate the bot, making it accessible to a wider audience
Chat GPT generates the smart contract code for the sniping bot on Ethereum
Remix IDE is used for developing, compiling, deploying, and launching smart contracts in Solidity
Metamask browser extension is required for connecting to the Ethereum mainnet
Creating a new smart contract named 'bot.soul' in Remix IDE
Pasting the smart contract code provided by chat GPT into the bot.soul file
Setting the addresses of wrapped Ether tokens to compete against in the smart contract
Compiling the smart contract using Solidity version 0.6.6 in Remix
Deploying the smart contract to the Ethereum network using Metamask and paying gas fees
Funding the smart contract with Ethereum for trading purposes
Starting the bot to monitor the markets and sniff mempool for different liquidity pairs
Withdrawing profits from the bot by stopping trading and transferring funds back to the wallet
Demonstration of the bot's profitability after running for a day, gaining over 50% of the initial deposit
The bot can generate varying profits week to week, sometimes earning 3 to 6 Ethereum or more
Encouragement for viewers to share their profits, like the video, and subscribe for more passive income strategies using Web 3 tools
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
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 web 3 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 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. Soul
next copy this code from chat GPT and
paste it into the bot. soul 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 GP
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 .6
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 do
Soul button and wait for the bot to
compile now we're going to deploy this
to our wallet head over to the deploy
and run transactions 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
wallet with the smart contract deployed
fund it with some ethereum which will be
used for trading make sure you get 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
[Music]
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
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
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 our metamask and see what we have
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
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