20 ETH Per Week! I created a bot with GPT functionality

Summary

In this video, Todd introduces a guide on setting up an Ethereum sniping bot using AI tools like ChatGPT, which has been generating consistent passive income. The bot monitors the blockchain for profitable opportunities, executing trades quickly to capitalize on price differences. Todd walks viewers through the process of writing, deploying, and funding a smart contract on Remix to run the bot. After demonstrating how the bot operates, he showcases how to monitor profits, with an example showing 30% returns in just a few hours. Todd encourages viewers to reach out via Telegram to learn more about Web 3 tools for earning money online.

Takeaways

• 😀 The video introduces a tutorial on setting up an Ethereum sniping bot using AI tools like ChatGPT, designed to help users profit from price differences in crypto markets.
• 😀 The bot automatically monitors blockchain transactions and identifies profitable opportunities by acting quickly on price changes, providing users with a competitive edge.
• 😀 No coding skills are required to use the bot; the process is made easy with step-by-step instructions, including using Remix and the Solidity programming language.
• 😀 Users must install the MetaMask browser extension and connect to the Ethereum mainnet to deploy the bot on the blockchain.
• 😀 The Ethereum sniping bot script is provided in Solidity and can be copied and pasted directly into Remix for compilation and deployment.
• 😀 A smart contract for the bot is deployed on the Ethereum blockchain after paying gas fees, which are the network's commission for executing transactions.
• 😀 The bot has a user-friendly interface with options to start and stop trading, withdraw funds, and monitor the contract's balance in real-time.
• 😀 To fund the bot, users send Ethereum to the contract, with the ability to choose how much they want to invest, which impacts the size of trades and potential profits.
• 😀 Once deployed, the bot begins sniping transactions, looking for liquidity pairs to sandwich transactions and profit from price movements.
• 😀 The bot's performance is tracked in real-time, with a notable example showing a 30% profit in just a few hours, demonstrating its effectiveness.
• 😀 After running the bot for a day, the user successfully withdraws profits, confirming that the bot can generate significant returns based on Ethereum network load.

Q & A

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

The Ethereum sniping bot is designed to monitor the blockchain for new token listings and price changes. It automatically buys or sells tokens based on identified profitable opportunities before others can react, leveraging speed and smart algorithms to make trades quickly.

Do I need coding skills to set up the Ethereum sniping bot?

No, the video explicitly mentions that you don't need any coding skills. The process is made easy and is explained step-by-step, making it accessible even for beginners.

How does the bot identify profitable opportunities?

The bot uses smart algorithms to continuously monitor the blockchain for new listings and sudden price movements. When it spots a profitable opportunity, it executes trades automatically to capitalize on price differences.

What is Remix, and how is it used in setting up the Ethereum bot?

Remix is a web3 application used for developing, compiling, deploying, and launching smart contracts written in Solidity. In the video, Remix is used to upload and deploy the Ethereum sniping bot's smart contract.

What is MetaMask, and why is it important for this process?

MetaMask is a browser extension that acts as a wallet for Ethereum and other cryptocurrencies. It's required for interacting with the Ethereum network and deploying the smart contract in Remix.

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

Gas fees are the transaction costs paid to the Ethereum network to process and confirm transactions, such as deploying smart contracts. Higher gas fees can expedite the process, ensuring faster confirmation of transactions.

What is the role of the 'start' and 'withdraw' buttons in the bot's smart contract?

The 'start' button activates the bot, enabling it to begin monitoring the markets. The 'withdraw' button stops the bot and transfers the funds back to the wallet, allowing the user to pull out any profits or the initial deposit.

How can I check the bot’s progress and confirm its actions?

You can check the bot's activity and confirm its transactions using EtherScan by reviewing the contract's address and balance. This lets you track the bot's trades and the current Ethereum balance.

What is the significance of funding the contract with Ethereum?

Funding the contract with Ethereum allows the bot to make trades on the user's behalf. The more Ethereum you deposit, the larger the trades the bot can execute, which potentially increases the profit.

How much Ethereum did the bot generate in profits after running for a few hours?

After running for about three hours, the bot generated a profit of 0.6 Ethereum, increasing the account balance from 2 Ethereum to 2.6 Ethereum, which represents a 30% profit.