Get +1ETH a day | My team created a bot that works thanks to ChatGPT

Summary

Jacob 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• 💰 Profits from the bot can be withdrawn at any time, and the video encourages viewers to share their profits and subscribe for more content.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

00:00

🤖 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.

05:00

🛠️ 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.

Keywords

💡Ethereum

Ethereum is an open-source, blockchain-based distributed computing platform that features smart contract functionality. It is the second-largest cryptocurrency platform by market capitalization after Bitcoin. In the video, Ethereum serves as the platform for creating and operating the sniping bot, which is designed to monitor the blockchain for new tokens and significant price changes, facilitating quick trades to capitalize on price differences.

💡Sniping Bot

A sniping bot is a type of trading bot that rapidly executes trades to take advantage of small price discrepancies in the market. In the context of the video, the Ethereum sniping bot uses AI to monitor the blockchain, acting swiftly to buy or sell tokens before other traders, providing an advantage in making profits from price differences.

💡AI Powered

AI Powered refers to the use of artificial intelligence to enhance or automate processes. In the video, the sniping bot is described as AI powered, indicating that it uses sophisticated algorithms to detect token listings or sudden price changes, making it capable of identifying trading opportunities without human intervention.

💡Passive Income

Passive income is money earned with little to no effort by the recipient. In the video, the sniping bot is said to bring in passive income every day, suggesting that once set up, it operates autonomously to generate profits without the need for constant manual oversight.

💡Smart Contract

A smart contract is a self-executing contract with the terms of the agreement directly written into code. In the video, the creator instructs an AI to write code for a smart contract on Ethereum, which is then used to automate the sniping bot's operations, including hunting for trading opportunities.

💡Remix

Remix is an open-source platform that allows developers to write, test, and deploy smart contracts for Ethereum. In the video, Remix is used to develop, compile, and deploy the smart contract for the sniping bot, emphasizing its role in the creation process.

💡MetaMask

MetaMask is a browser extension that allows users to interact with the Ethereum blockchain and manage their Ethereum accounts. In the video, MetaMask is mentioned as a necessary browser extension for connecting to the Ethereum mainnet and deploying the smart contract.

💡Solidity

Solidity is a programming language specifically designed for writing smart contracts on the Ethereum blockchain. In the video, the smart contract for the sniping bot is written in Solidity, highlighting its importance in developing Ethereum-based applications.

💡Wrapped Ether

Wrapped Ether (WETH) is an ERC-20 token that represents Ether in the Ethereum ecosystem, allowing it to be used in ERC-20 compatible smart contracts. In the video, the script mentions checking the addresses of wrapped Ether tokens, which the bot will be competing against in trades.

💡Gas Fees

Gas fees on the Ethereum network are the commission paid for computational services required to perform transactions or contract executions. In the video, gas fees are discussed in the context of deploying the smart contract to the blockchain, emphasizing the cost associated with such operations.

💡Profit

Profit in the context of the video refers to the financial gain made from the sniping bot's trading activities. The video demonstrates the bot's ability to generate profits, with the creator showing an increase in their Ethereum balance as a result of the bot's operations.

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