How I get 1-2 ETHs per day thanks to bot. Sharing my experience

Summary

In this video, the creator demonstrates how to set up and run an Ethereum sniping bot that uses AI-powered algorithms to profit from the blockchain by buying and selling tokens at the right time. Viewers are guided through each step of the process, from generating the smart contract code using ChatGPT to deploying and funding the bot via Remix IDE. The video showcases the bot’s ability to quickly spot profitable opportunities and consistently generate passive income, with the creator sharing impressive profit results after just a few hours of running the bot.

Takeaways

• 😀 Using AI (ChatGPT) to generate Ethereum smart contracts for creating passive income through sniping bots.
• 😀 The sniping bot identifies sudden price changes on tokens and makes automated trades to profit from those movements.
• 😀 No coding knowledge required: The process is simplified with ChatGPT and Remix IDE for contract creation and deployment.
• 😀 Deploying the smart contract involves using Remix IDE, funding it with Ethereum, and paying gas fees to activate the bot.
• 😀 Gas fees are required for deploying the contract and making transactions on the Ethereum network.
• 😀 The bot’s ability to find profitable opportunities gives an advantage over other traders, enabling faster transactions.
• 😀 After deploying and funding the contract, you can track the profits made by the bot in real-time via your wallet.
• 😀 Ethereum funds placed in the bot determine the size of trades and potential profits, with larger deposits enabling higher trades.
• 😀 The bot continues to operate and accumulate profits until you decide to stop it and withdraw your funds.
• 😀 After 6 hours, the bot earned a 31% profit (0.3 ETH), and after another 6 hours, it generated a total of 0.5 ETH in profit.
• 😀 Profits from the bot can fluctuate, but consistent earnings are possible, and the bot has the potential to earn 3 to 6 ETH or more in a week.

Q & A

What is the purpose of the Ethereum sniping bot described in the video?

The purpose of the Ethereum sniping bot is to automatically scan the blockchain for new tokens and significant price changes, allowing it to make trades quickly before most traders realize the opportunity, providing the user with an advantage to earn passive income.

Do I need to have coding knowledge to use the sniping bot?

No, the video reassures viewers that no coding knowledge is required. The process involves using pre-written code from ChatGPT and deploying it on Remix, a tool designed for ease of use in smart contract development.

What tool does the video recommend for creating and deploying the smart contract?

The video recommends using Remix, a Web3 application that allows users to develop, compile, deploy, and manage smart contracts written in Solidity.

How do you deploy the smart contract after preparing the code?

After preparing the code in Remix, you select the 'Injected Web3' environment for deployment, confirm the contract on the blockchain by paying gas fees, and then deploy the contract to the Ethereum network.

What are gas fees, and why are they important for deploying the bot?

Gas fees are commissions paid on the Ethereum network to execute transactions or deploy contracts. They are necessary for the deployment and running of smart contracts, ensuring that the transaction is processed by the network.

How do you fund the sniping bot with Ethereum?

You fund the sniping bot by sending Ethereum to the contract address generated in Remix. The amount of Ethereum you send determines the size of trades the bot can execute.

What does the bot do once it is funded and activated?

Once the bot is funded and activated, it begins scanning the blockchain for liquidity pairs and potential price changes. It then automatically makes trades on your behalf to take advantage of these opportunities.

How do you monitor the profits made by the bot?

You can monitor the bot’s profits by checking the Ethereum balance in the contract and comparing it to the amount initially funded. The bot’s performance can be reviewed after running it for several hours or days.

What is the process to withdraw profits from the sniping bot?

To withdraw profits, you click the 'Withdraw' button in Remix. This will stop the bot from trading and return the total amount, including any profits, to your wallet after paying a small gas fee.

Can the sniping bot generate consistent profits over time?

While the sniping bot can generate profits, they fluctuate depending on market conditions. The creator mentions that, on average, they have made between 3 to 6 Ethereum per week, but profits can vary.