Ethereum Sniping Bot Tutorial

Introduction

• Aim: Create an Ethereum sniping bot using AI (ChatGPT).
• Purpose: Earn daily passive income by monitoring blockchain for new tokens and price changes.
• Advantage: Swift actions on detected opportunities, benefiting from price differences.

Bot Functionality

• Monitors the blockchain for:
  • New token listings
  • Significant price movements
• Utilizes smart algorithms for trading decisions.

Getting Started

1. Code Generation

   • Use ChatGPT to write code for an Ethereum smart contract for sniping.
   • Example command: "ChatGPT, write me the code for a smart contract on Ethereum to automatically hunt for sniping opportunities."

2. Using Remix

   • Remix: A web3 application for developing, compiling, and deploying Smart contracts coded in Solidity.
   • Ensure you have the MetaMask browser extension installed and connected to the Ethereum mainnet.
   • Create a new contract file named bot.sol in Remix.

3. Code Setup

   • Copy the code generated by ChatGPT into bot.sol.
   • Check and follow addresses for wrapped Ether tokens (lines 15 and 16) from Etherscan.
   • Important: You don’t need to hold any wrapped Ether.

Compiling and Deploying the Contract

1. Compile Contract

   • Use Solidity version 0.6.0 for the contract.
   • Ensure language is set to Solidity and EVM version to default.

2. Deploy the Contract

   • In Remix, select "Injected Web3" as the environment.
   • Confirm the contract deployment by paying gas fees.
   • Set gas fee to high for faster transactions.
   • Wait for confirmation of deployment.

Contract Functions

• Functions include:
  • Start: Begins monitoring the markets.
  • Withdraw: Stops trading and returns funds to your wallet.

Funding the Contract

• Fund your contract with Ethereum for trading.
• More capital allows for larger trades and potential higher profits.
• Confirm funding using Etherscan.

Monitoring Profits

• After 12 hours, check the bot's performance.
• Example: From 1 ETH, profits could be around 0.31 ETH in 12 hours.
• Continue running the bot for additional profits; example: 1.6 ETH after another 12 hours.

Withdrawing Profits

• Click the withdraw button to stop the bot and return total Ethereum (initial deposit + profit) back to the wallet.
• Set gas to high for faster confirmation.

Conclusion

• Potential earnings: 3-6 ETH or more in profitable weeks.
• Encourage viewers to share their results and subscribe for more content on passive income strategies using web3 tools.