How to Create and Run an Ethereum Sniping Bot for Passive Income with AI

Introduction: In this artikel, I’ll show you how to build and run an Ethereum sniping bot powered by AI, specifically ChatGPT, which has been generating consistent daily passive income for me. The magic of this sniping bot lies in its ability to monitor the blockchain for new tokens and significant price movements. When it detects opportunities, it acts swiftly to buy or sell tokens before most traders even notice, giving us a substantial edge in capturing price discrepancies.

What is an Ethereum Sniping Bot? The sniping bot monitors the blockchain to identify new tokens or sudden price movements. Once an opportunity is detected, it executes trades automatically using smart algorithms, allowing you to relax and watch the profits roll in. It’s a great way to take advantage of price differences and earn passive income with minimal effort.

Is It Difficult to Set Up? If this all sounds complicated, don’t worry. It’s actually quite simple and you don’t need to know how to code. Just follow along, and I’ll guide you through the process. Let’s dive in!

Step 1: Get the Code for the Smart Contract To begin, we’ll need to write the smart contract that will allow our sniping bot to automatically find sniping opportunities. ChatGPT will help us generate this code, and it will be far better than anything a human could create.

Step 2: Use Remix to Develop, Compile, and Deploy the Contract We’ll use Remix, a Web3 application that enables the development, compilation, deployment, and launch of smart contracts written in Solidity. I’ll provide the link to Remix in the description below. Before using Remix, make sure you’ve installed the MetaMask browser extension and are connected to the Ethereum mainnet.

Once in Remix, open the sidebar and create a new contract under the “Contracts” folder. We’ll name the contract file snipingBot.sol and paste the code provided by ChatGPT. I’ll also include the code in the description so you can easily copy it.

Make sure to check lines 50 and 51 after pasting the code to ensure that the bot is properly set up with the right token addresses.

Step 3: Compile the Smart Contract After setting up the contract in Remix, we’ll compile it. Select Solidity version 0.6.0 under the compiler settings to match the contract version. Ensure that the language is set to Solidity and the EVM version is set to default. Once compiled, the sniping bot is ready to deploy.

Step 4: Deploy the Contract on the Ethereum Blockchain Next, we’ll deploy the smart contract to our MetaMask wallet. In Remix, open the "Deploy" tab and choose the Web3 injected environment for MetaMask. This will allow us to confirm the contract deployment on the blockchain by paying gas fees.

Gas fees are the transaction fees on the Ethereum network for deploying smart contracts. I usually set the gas fee to “high” to speed up the transaction processing.

Step 5: Fund the Contract with Ethereum Once the contract is deployed, you’ll need to fund it with some Ethereum (ETH) for trading. The more ETH you invest, the bigger your trades and potential profits. You can fund the contract with any amount of Ethereum, but the more you invest, the higher your potential returns.

You can verify that the Ethereum was sent to the contract by checking the contract address on a block explorer like Etherscan. Once the contract is funded, the bot is ready to start trading.

Step 6: Start the Bot and Monitor Profits With the smart contract deployed and funded, click the "Start" button to activate the bot. The bot will begin scanning liquidity pairs and searching for sniping opportunities. Make sure to set the gas speed to "high" for optimal performance, and click "Confirm."

Step 7: Monitor Earnings After running the bot for around 12 hours, I noticed a profit of 1.31 Ethereum, which is a 31% return. I’ll let the bot run for another 12 hours and then check the earnings again. After another day, the bot had earned over 1.6 Ethereum, which is more than half of my initial deposit. The bot will continue running until you click the "Withdraw" button.

Step 8: Withdraw Profits When you click "Withdraw," the bot will stop trading and send the initial Ethereum investment plus any profits back to your MetaMask wallet. You’ll pay a small gas fee for the withdrawal transaction, and once it’s confirmed, you’ll see the funds in your wallet.

Conclusion: After just a day of running the bot, I’ve already made a substantial profit. In some weeks, I’ve earned anywhere from 3 to 6 Ethereum, sometimes more. The profits will vary, but it’s a great way to earn passive income using Web3 tools.

If you’ve had success with this bot or want to share your results, leave a comment below! Don't forget to like and subscribe for more ways to earn passive income using Web3 tools.

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