Creating an Ethereum Sniping Bot with ChatGPT

Jul 17, 2024

Creating an Ethereum Sniping Bot with ChatGPT

Overview

  • Goal: Create and run an Ethereum sniping bot that generates passive income
  • Functionality: Monitors blockchain for new tokens and significant price changes; executes trades to exploit these opportunities
  • Platform: Uses AI-powered ChatGPT for code generation

Steps to Create the Bot

1. Generate Smart Contract Code

  • Tool: ChatGPT
  • Objective: Write a smart contract to hunt for sniping opportunities on Ethereum.
  • Languages: Solidity

e.g., ask ChatGPT to write the code for a smart contract on Ethereum to automatically hunt for sniping opportunities

2. Use Remix IDE

  • Description: Web3 application for developing, compiling, deploying, and launching smart contracts
  • Steps:
    1. Install MetaMask browser extension; connect to the Ethereum mainnet.
    2. Agree to Remix terms (if required).
    3. Create a new contract under the contracts folder.
    4. Name the file bot.sol.
    5. Copy and paste the code from ChatGPT.

3. Verify Contract Code

  • Details: Check specific addresses (e.g., lines 50 and 51 for wrapped ether token addresses).
  • Verification Tool: Etherscan
  • Note: Ensure that wrapped ether addresses are correct.

4. Compile the Contract

  • Steps:
    1. In Remix, select the Solidity compiler (version 0.6.6).
    2. Under Compiler settings, choose language as Solidity and EVM version as default.
    3. Click Compile Bot.sol and wait for it to compile.

5. Deploy the Contract

  • Steps:
    1. Go to Deploy and Run Transactions tab in Remix.
    2. Select the injected Web3 environment.
    3. Confirm the contract on the blockchain, pass gas fees.
    4. Click Deploy and wait for confirmation.

6. Interact with the Contract

  • Functions:
    • Start: To begin monitoring markets
    • Withdraw: To stop the bot and transfer funds back to the wallet

7. Fund the Contract

  • Instructions:
    • Fund with Ethereum, any amount.
    • Verify on Ethereum for contract funding (e.g., shows 1 ETH funded).

Running and Monitoring the Bot

  • Activate Bot: Click Start to enable scanning for transactions
  • Monitor Profits
    • Observed a profit increase (e.g., 31% in 12 hours, increase to 1.6 ETH)
    • Profit variances weekly (e.g., 3-6 ETH)

Withdrawing Profits

  • Steps:
    1. Click Withdraw
    2. Confirm the transaction
    3. Check MetaMask for balance
    4. Bots returns initial Ethereum plus profits

Conclusion

  • Outcome: Successfully set up and run an Ethereum sniping bot using ChatGPT and Remix
  • Result: Consistent passive income

Call to Action

  • Share profits, like, and subscribe for more Web3 passive income tips

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