🤖

Setting Up Your Ethereum Sniping Bot

Apr 6, 2025

View transcript

Lecture on Setting Up an Ethereum Sniping Bot

Introduction

  • Host: Todd
  • Purpose: To help individuals use AI tools like Chat GPT to set up an Ethereum sniping bot, generating passive income.
  • Call to Action: Encourage subscribing and supporting the channel.

Overview of the Ethereum Sniping Bot

  • Functionality:
    • Monitors the blockchain for new tokens and price changes.
    • Executes trades automatically upon detecting profitable opportunities.
  • Advantages:
    • Speeds up transactions, giving an edge over others in the market.
    • Utilizes smart algorithms for identifying and acting on trading opportunities.

Setting Up the Sniping Bot

  • Tools Required:
    • Chat GPT for coding a smart contract.
    • Remix: A web3 application for developing and deploying smart contracts.
    • Metamask: Browser extension for Ethereum transactions.
  • Preparation:
    • Write a smart contract code using Chat GPT.
    • Use Remix to create, compile, and deploy contracts.

Step-by-Step Guide

  1. Create a New Contract:
    • Name the contract bot.sol.
    • Paste the code from Chat GPT into the new contract file.
  2. Key Details:
    • Monitor lines 13 and 14 for the addresses of wrapped ether tokens.
    • Use Etherscan to verify addresses.
  3. Compile the Contract:
    • Set Solidity language to version 0.6.0.
    • Enable optimization and compile the bot.
  4. Deploy the Contract:
    • Use the 'Injected Provider' environment in Remix.
    • Confirm the contract by paying Ethereum network gas fees.
    • Deploy the contract and verify transaction confirmation.
  5. Fund the Contract:
    • Copy the contract address and fund it with Ethereum.
    • Verify fund transfer through Etherscan.
  6. Start the Bot:
    • Click the 'Start' button to begin monitoring and trading.
    • Set gas fees to high for faster transaction confirmation.

Observation & Results

  • Initial funding: 2 Ethereum
  • After 3 hours: Profit of 0.6 Ethereum (30% increase)
  • After a day: Balance grew to over 2.8 Ethereum

Withdrawing Funds

  • Withdraw method:
    • Ensure bot and contract balances match.
    • Click the 'Withdraw' button on Remix to transfer Ethereum back to the wallet.
    • Confirm transactions and check wallet balance.

Conclusion

  • Running the bot can yield significant Ethereum returns over short periods.
  • Encouragement to like, subscribe, and contact for more information.
  • Note of video being temporary and details on reaching out via Telegram.

Full transcript