Make 1ETH Daily with an AI Bot by ChatGPT | Complete 2024 Tutorial in My Video | Step-by-Step Guide
Summary
TLDRThis 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.
Outlines
📹 Introduction and Purpose of the Video
Jacob introduces the video, initially intended for his private channel, but decides to share it publicly to gain support and attention for his new channel. He discusses the main topic of the video—creating and operating an Ethereum sniping bot using AI-powered ChatGPT, which generates passive income daily. This bot monitors the blockchain for new tokens and significant price changes, executing trades faster than other traders, providing an edge in earning money from price differences. The bot is powered by sophisticated algorithms and requires no coding knowledge, making it simple for users to operate.
💻 Setting Up the Ethereum Sniping Bot
Jacob proceeds to demonstrate how to create the Ethereum sniping bot by using ChatGPT to write the code for a smart contract. He then explains how to use Remix, a web3 development platform, to deploy the contract. Jacob guides viewers through creating a new contract folder, copying the code generated by ChatGPT, and ensuring the correct configurations in Remix. He also points out the addresses used in the contract and emphasizes checking the wrapped ether address for accuracy before deploying the smart contract on the Ethereum mainnet. After compiling the bot with the right settings, he shows how to deploy it and confirms the transaction.
🚀 Deploying and Running the Bot for Profit
Once the smart contract is successfully deployed, Jacob funds the bot with one Ethereum and enables it to start sniping liquidity pairs by analyzing the mempool. He sets the gas fees to a high level for quicker transactions. After letting the bot run for 12 hours, he checks the profits and sees a 31% gain, bringing his balance to 1.31 Ethereum. Jacob lets the bot run for another 12 hours and gains over half of his initial deposit back, reaching 1.6 Ethereum. He explains that users can withdraw profits by stopping the bot, which returns both the initial amount and profits to their wallet. Jacob ends by showcasing the profits in his wallet and sharing the potential to earn more Ethereum over time.
💰 Profit Potential and Final Thoughts
In this final part of the video, Jacob highlights the bot's profitability over time, sharing that he's had weeks where he earned between 3 to 6 Ethereum, sometimes even more. He emphasizes that the bot can continue running until the user chooses to withdraw funds. Jacob encourages viewers to share their own experiences and profits in the comments section, asking them to like the video and subscribe for more content on making passive income with Web 3 tools.
Mindmap
Keywords
💡Ethereum
💡Sniping Bot
💡ChatGPT
💡Smart Contract
💡Passive Income
💡Remix
💡Metamask
💡Gas Fees
💡Liquidity Pairs
💡Mempool
Highlights
Introduction by Jacob sharing that this video was initially recorded for a private channel but is now shared publicly for support.
Explains that the video will demonstrate how to create and operate an Ethereum sniping bot using AI-powered ChatGPT.
Mentions the bot already brings passive income daily by monitoring blockchain tokens and price changes.
Describes the bot as acting quickly to buy or sell tokens before other traders realize what's happening, taking advantage of price differences.
The bot is designed to detect tokens immediately after they're listed or when there’s a sudden price change, using sophisticated algorithms.
Assures viewers that no coding knowledge is needed to create or operate the bot.
Demonstrates how to ask ChatGPT to write the code for a smart contract to hunt for sniping opportunities on Ethereum.
Introduces Remix, a web3 application for developing, compiling, and deploying smart contracts in the Solidity language.
Guides users to create a new contract file named ‘bot doso’ in Remix and paste the code generated by ChatGPT.
Explains how to verify wrapped Ether token addresses in the smart contract through Etherscan.
Instructs viewers to compile the smart contract in Remix using the 0.6.0 version of Solidity.
Walks viewers through deploying the contract to their Ethereum wallet and paying gas fees for confirmation.
Mentions the steps to fund the contract with Ethereum, which will be used for trading.
Shows that the bot made a 31% profit within the first 12 hours and continues to generate more profit over the next 12 hours.
Explains the withdrawal process, where the bot stops trading, and the total Ethereum (including profits) is transferred back to the wallet.
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
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 web3 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 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 doso
next copy this code from chat GPT and
paste it into the bot doou 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
GPT 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
0.6.5 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 Doo
button and wait for the bot to
[Music]
compile now we're going to deploy this
to our wallet head over to the deploy
and run transactions tab 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
[Music]
wallet with the smart contract deployed
fund it with some ethereum which will be
used for trading make sure you 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 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
[Music]
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
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 to our metam mask and see what we
have
[Music]
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
[Music]
oh
[Music]
[Music]
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