Make 1ETH Daily Using AI with ChatGPT | Updated 2024 Tutorial | Step-by-Step Guide

Summary

This video tutorial demonstrates how to create and run an Ethereum sniping bot using AI, specifically powered by ChatGPT, to earn passive income. The bot monitors the blockchain for new tokens and price changes, making trades before most traders even notice, thus giving users a profit advantage. The step-by-step guide covers setting up the smart contract on Remix, deploying it with Ethereum funds, and monitoring profits. The presenter shares real-world results, showing how the bot can generate significant returns, with profits fluctuating but consistently providing passive income with minimal effort.

Takeaways

• 😀 AI-powered Ethereum sniping bot can generate passive income by automatically trading tokens based on price movements.
• 😀 The bot identifies trading opportunities as new tokens are listed or when sudden price changes occur.
• 😀 The bot's main advantage is executing trades faster than most traders, maximizing profit from price fluctuations.
• 😀 The entire process of creating the bot is simple and doesn't require coding knowledge, thanks to ChatGPT generating the code.
• 😀 Remix is used to deploy and manage the smart contract that powers the sniping bot.
• 😀 To use the bot, you need to have MetaMask set up and connected to the Ethereum mainnet.
• 😀 Once the smart contract is deployed, it can be funded with Ethereum, which is used for the bot’s trading activities.
• 😀 The more Ethereum you deposit into the contract, the larger your potential trades and profits can be.
• 😀 After running the bot for 12 hours, the creator saw a 31% profit, which increased further by the next day.
• 😀 Profits from the bot fluctuate, but the creator has seen earnings ranging from 3 to 6 ETH per week.
• 😀 The bot stops trading and returns the profits to your wallet when you click 'withdraw,' confirming the success of the process.

Q & A

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

The bot is designed to automatically find profitable trading opportunities on the Ethereum blockchain, acting quickly to buy or sell tokens as price movements occur, helping the user earn passive income.

How does the sniping bot find trading opportunities?

The bot monitors the blockchain for new token listings and significant price changes, using smart algorithms to spot profitable moments to execute trades before most traders can react.

Do you need to know coding to use the Ethereum sniping bot?

No, you don’t need any coding experience. The video walks through the process step by step, and tools like ChatGPT and Remix simplify the setup.

What is Remix, and why is it important for deploying the bot?

Remix is a Web3 development environment where users can write, compile, and deploy smart contracts on the Ethereum blockchain. It’s essential for deploying the sniping bot code.

What is the significance of the gas fees in the deployment process?

Gas fees are required to process transactions on the Ethereum network. The bot’s deployment involves paying these fees to confirm the smart contract and enable the bot to start operating.

What role does MetaMask play in this process?

MetaMask is a browser extension that acts as a cryptocurrency wallet. It’s needed to connect to the Ethereum mainnet and interact with the smart contract deployed on the blockchain.

How do you fund the Ethereum sniping bot with ETH?

After deploying the smart contract, you can send Ethereum to the contract address. The more ETH you fund, the larger the trades the bot can make, potentially increasing profits.

What happens when you click the 'Start' button on the bot's interface?

Clicking 'Start' activates the bot, allowing it to begin monitoring the market, tracking liquidity pairs, and executing trades based on identified sniping opportunities.

What are the profits like after running the bot for a day?

In the video, after about 12 hours, the bot made a 31% profit, increasing the initial deposit by 0.31 ETH. The creator had more than 1.6 ETH in total after running the bot for a day.

Can the sniping bot generate profits continuously?

Yes, the bot runs continuously until the user decides to withdraw the funds. The video shows the potential for ongoing profits, with some weeks yielding 3 to 6 ETH, though profits can fluctuate.