How to create passive income with AI trading Bot on Ethereum with ChatGPT| Full guide for 1-2ETH/Day

Summary

In this tutorial, the creator shows how to set up and use an Ethereum sniping bot powered by AI to earn passive income. The bot hunts for new tokens and sudden price changes, executing trades faster than most human traders. The tutorial covers writing and deploying the smart contract using Remix and MetaMask, funding it with Ethereum, and monitoring profits. After just 12 hours, the bot made a 31% profit, with the potential to earn even more over time. The video also emphasizes the ease of using the bot without coding knowledge, making it accessible for anyone looking to profit from blockchain opportunities.

Takeaways

• 😀 The Ethereum sniping bot uses AI (ChatGPT) to automatically monitor the blockchain for new tokens and price movements, enabling passive income generation.
• 😀 The bot acts quickly to buy or sell tokens before most traders notice, capitalizing on price differences for profit.
• 😀 You don’t need to know coding to use the bot—everything is automated and user-friendly.
• 😀 The smart contract is written using Solidity on Remix, a web3 platform for Ethereum smart contracts.
• 😀 To deploy the bot, you'll need to connect MetaMask to the Ethereum mainnet and fund the contract with Ethereum.
• 😀 Gas fees are required to deploy and operate the contract, and setting the gas fee to ‘high’ ensures faster transactions.
• 😀 The bot’s performance can be tracked on Etherscan by checking the contract address to verify the funds are in the contract.
• 😀 You can start and stop the bot using Remix's deployed contract, and it will keep trading automatically based on market opportunities.
• 😀 After about 12 hours of running, the bot made a 31% profit, demonstrating its ability to generate substantial returns quickly.
• 😀 The bot can continue running until you withdraw your profits, after which it stops trading and sends the funds back to your wallet.
• 😀 While profits fluctuate, the bot has consistently generated 3 to 6 Ethereum per week for some users, showing its potential for passive income.

Q & A

What is an Ethereum sniping bot?

An Ethereum sniping bot is a tool that monitors the blockchain for new tokens and sudden price changes. When it spots an opportunity, it buys or sells tokens quickly, capitalizing on price differences before most traders can react.

How does the AI-powered Ethereum sniping bot help in making passive income?

The bot automatically hunts for profitable trading opportunities on the blockchain and executes trades for you. This allows you to earn passive income without actively managing your trades.

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

No, you don’t need any coding knowledge. The video walks through the process of using ChatGPT to generate the smart contract code, and the Remix IDE simplifies the deployment process.

What tools do I need to get started with the Ethereum sniping bot?

You will need the Remix IDE, MetaMask browser extension, and an Ethereum wallet to interact with the Ethereum mainnet. Additionally, you need some Ethereum to fund the bot and pay for gas fees.

What is Remix IDE, and why is it used in this tutorial?

Remix IDE is a web-based development environment for creating, compiling, and deploying smart contracts on the Ethereum blockchain. In this tutorial, it's used to deploy the sniping bot's smart contract.

What are gas fees, and why are they important in this process?

Gas fees are the transaction fees on the Ethereum network, required to execute smart contracts. These fees are crucial because they ensure your transaction is processed quickly, especially when deploying or interacting with the sniping bot.

How do I deploy the smart contract for the sniping bot?

To deploy the smart contract, copy the AI-generated code into Remix IDE, select the appropriate Solidity version, compile the code, and deploy it using MetaMask. You will need to confirm the transaction and pay the gas fees.

How do I fund the smart contract with Ethereum?

After deploying the contract, fund it with Ethereum by transferring tokens to the contract address. The more you fund the contract, the larger the trades the bot can make.

What happens once the bot is deployed and funded?

Once deployed and funded, you can activate the bot by clicking 'start.' The bot will then begin monitoring the market, looking for profitable trading opportunities, and executing trades automatically.

How can I track the profits generated by the sniping bot?

After running the bot for a period, you can check the profits by looking at your Ethereum balance. For example, after 12 hours, the bot might have generated 31% profit. You can withdraw the profits anytime by clicking the 'withdraw' button.

How often can I withdraw profits from the Ethereum sniping bot?

You can withdraw profits anytime by stopping the bot and transferring the Ethereum back to your wallet. The bot will stop trading once you initiate the withdrawal.

Are the profits from the sniping bot consistent?

The profits can fluctuate from week to week. While some users report making 3 to 6 Ethereum in a week, others might experience different results based on market conditions.

What should I keep in mind when funding the Ethereum sniping bot?

When funding the bot, remember that the more Ethereum you provide, the larger the trades it can make. However, always consider the risk involved and start with an amount you’re comfortable with.