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.