Make 1.7-2ETH daily with an Ethereum Trading Mev Bot in Passive Income. Full Tutorial In My Video

Walter Mercado
11 Sept 202405:44

TLDRThis tutorial video guides viewers on creating an Ethereum sniping bot using AI and GPT to earn daily passive income. The bot monitors the blockchain for new tokens and significant price changes, allowing for swift trading actions. It's designed to be user-friendly, requiring no coding knowledge. The video demonstrates how to write a smart contract, deploy it on Remix IDE, and start the bot for trading. The presenter shares their experience of making a 31% profit in 12 hours and emphasizes the bot's potential for varying profits.

Takeaways

  • 🚀 The video is a tutorial on creating an Ethereum sniping bot for passive income.
  • 💻 The bot uses AI and monitors the blockchain for new tokens and significant price changes.
  • 🔍 It acts swiftly, buying or selling tokens before most traders notice to profit from price differences.
  • 💼 No coding knowledge is required to set up the bot.
  • 📝 The script involves using GPT to write a smart contract on Ethereum.
  • 🌐 Remix IDE is used to develop, compile, deploy, and launch smart contracts.
  • 🔗 MetaMask browser extension is necessary for interacting with the Ethereum network.
  • 📑 The bot's code is pasted into Remix IDE for compilation and deployment.
  • 💰 The bot is funded with Ethereum and starts monitoring the markets for sniping opportunities.
  • 📈 The bot can be managed through functions like start, stop, and withdraw.
  • 🌐 The bot scans for different liquidity pairs to execute sandwich transactions.
  • 📊 The video demonstrates a profit of over 30% in just over 12 hours of running the bot.

Q & A

  • What is the purpose of the Ethereum sniping bot mentioned in the video?

    -The Ethereum sniping bot is designed to monitor the blockchain for new tokens and significant price changes, allowing it to act swiftly by buying or selling tokens before most traders notice, thus profiting from price differences.

  • How does the sniping bot gain an advantage in trading?

    -The bot gains an advantage by identifying tokens as they're listed or during sudden price movements and using smart algorithms to make trades on behalf of the user, providing a significant edge over manual trading.

  • What is the role of AI in the sniping bot as described in the video?

    -AI is used to power the bot's smart algorithms, which are responsible for identifying sniping opportunities and executing trades automatically.

  • What is the first step in setting up the Ethereum sniping bot according to the video?

    -The first step is to ask Chat GPT to write the code for a smart contract on Ethereum that automatically hunts for sniping opportunities.

  • Why is Remix IDE used in the process described in the video?

    -Remix IDE is used because it allows for the development, compilation, deployment, and launching of smart contracts written in Solidity.

  • What is the significance of MetaMask in setting up the sniping bot?

    -MetaMask is a browser extension that facilitates interaction with the Ethereum blockchain, allowing users to connect their wallet and manage transactions, including deploying and interacting with smart contracts.

  • How does the bot file in Remix IDE relate to the sniping bot?

    -The bot file in Remix IDE contains the code copied from Chat GPT, which is the sniping trading bot's core functionality.

  • What are the functions of the smart contract deployed in the video?

    -The smart contract has functions to start the bot for monitoring markets, withdraw to stop the bot and transfer funds back to the wallet, and other functions that are not relevant at the moment.

  • What does it mean to fund the smart contract with Ethereum in the context of the video?

    -Funding the smart contract with Ethereum provides the necessary capital for the bot to execute trades. The more Ethereum invested, the larger the trades and potential profits.

  • How does the bot scan the market for different liquidity pairs?

    -The bot scans the market by monitoring for different liquidity pairs to sandwich transactions, which is a strategy to profit from the spread between two different prices on different exchanges.

  • What happens when the 'withdraw' button is clicked in the bot?

    -When the 'withdraw' button is clicked, the bot stops trading and returns the initial Ethereum plus any profits back to the user's wallet.

Outlines

00:00

🚀 Introduction to Ethereum Sniping Bot with AI

The video introduces an Ethereum sniping bot that utilizes AI and GPT to monitor the blockchain for new tokens and significant price changes. The bot is designed to act swiftly, buying or selling tokens before most traders notice, thus providing a significant advantage. It uses smart algorithms to identify opportunities and make trades automatically. The presenter assures viewers that setting up the bot is easy and does not require coding knowledge. The first step is to have GPT write the code for a smart contract on Ethereum, which is then compiled and deployed using Remix IDE. The video guides viewers on how to set up Remix, connect MetaMask, and deploy the smart contract after pasting the code provided by GPT.

05:01

💰 Deploying and Operating the Ethereum Sniping Bot

After deploying the smart contract, the video demonstrates how to fund it with Ethereum for trading. It explains the process of starting the bot to monitor market activities and how to stop it and withdraw funds. The presenter shows the bot's performance after 12 hours, highlighting a 31% profit. The video concludes with the presenter withdrawing the profits and encouraging viewers to share their experiences, like the video, and subscribe for more content on earning passive income using web 3 tools.

Mindmap

Keywords

💡Ethereum Trading Bot

An Ethereum Trading Bot is a software application designed to automate the process of buying and selling Ethereum tokens on various cryptocurrency exchanges. In the context of the video, the bot is described as a 'sniping bot' that uses AI to monitor the blockchain for new tokens and significant price changes, allowing it to act quickly to buy or sell before most traders notice. This automation is intended to provide a significant advantage in profiting from price differences, as it can react faster than human traders.

💡Passive Income

Passive income refers to earnings that are generated without the need for continuous active work. In the video, the Ethereum Trading Bot is presented as a means to achieve passive income. The bot operates autonomously, allowing the user to earn money without having to manually manage trades, thus freeing up time and effort.

💡AI Power Chat GPT

AI Power Chat GPT likely refers to an AI-powered chatbot or interface that can interact with users through natural language processing. In the video, it is mentioned that the bot uses AI to identify trading opportunities, suggesting that it incorporates advanced algorithms and machine learning to make trading decisions.

💡Smart Contract

A smart contract is a self-executing contract with the terms of the agreement directly written into code. On the Ethereum blockchain, smart contracts allow for trustless and decentralized transactions. The video script describes the process of writing a smart contract to automatically hunt for sniping opportunities, which is a key component of the trading bot's functionality.

💡Remix

Remix is an open-source web-based integrated development environment (IDE) for writing, testing, and deploying smart contracts on the Ethereum blockchain. In the video, Remix is used to develop, compile, and deploy the smart contract that powers the Ethereum sniping bot.

💡MetaMask

MetaMask is a browser extension that allows users to interact with the Ethereum blockchain. It acts as a cryptocurrency wallet and enables users to manage their Ethereum assets and interact with decentralized applications (dApps). In the video, MetaMask is used to connect to the Ethereum mainnet and to confirm transactions related to the deployment of the smart contract.

💡Gas Fees

Gas fees on the Ethereum network refer to the transaction fees required to process and validate smart contracts and transactions. These fees are paid in Ether (ETH) and are necessary to compensate the network's miners for their computational work. In the video, the presenter mentions setting gas fees to 'high' to speed up the deployment of the smart contract.

💡Liquidity Pairs

Liquidity pairs refer to the combinations of two cryptocurrencies that are paired for trading on decentralized exchanges. In the context of the video, the bot scans for different liquidity pairs to identify opportunities for 'sandwich' transactions, which involve taking advantage of price discrepancies between different pairs.

💡Sandbox Transactions

A 'sandwich' transaction is a strategy used in high-frequency trading where a large order is placed in the middle of two smaller orders to exploit the price difference. The video describes the bot as scanning the market for these opportunities to make profitable trades.

💡Etherscan

Etherscan is a blockchain explorer for the Ethereum network that allows users to track and explore transactions, addresses, and smart contracts. In the video, Etherscan is mentioned as a tool to verify the contract address and check the balance of the smart contract after it has been funded.

Highlights

Create and run an Ethereum sniping bot using AI for passive income.

The bot monitors the blockchain for new tokens and significant price changes.

It acts swiftly, buying or selling tokens before most traders notice.

The bot uses smart algorithms to identify tokens during listing or sudden price movements.

No coding knowledge is required to set up the bot.

Use GPT to write the code for a smart contract on Ethereum.

Remix IDE is used for developing, compiling, deploying, and launching smart contracts.

MetaMask browser extension is required for interacting with the Ethereum network.

The bot file is named 'b.sol' and contains the smart contract code.

Addresses of REP Ether tokens are checked on Etherscan.

The bot file is compiled with Solidity version 0.6.3.

Deploy the smart contract to your wallet and pay gas fees.

The smart contract has functions to start monitoring, stop trading, and withdraw funds.

Fund the contract with Ethereum for trading purposes.

Click 'Start' to enable the bot to scan for different liquidity pairs.

After 12 hours, the bot shows a 31% profit.

The bot can run until the 'Withdraw' button is clicked.

Profits vary week to week, with some weeks earning 3 to 6 Ethereum.

Share profits in the comments and subscribe for more passive income methods.