How to Create and Run an Ethereum Sniping Bot with AI: A Step-by-Step Guide to Earning Passive Income
Introduction: In the fast-paced world of cryptocurrency trading, timing is everything. Imagine having a bot that monitors the Ethereum blockchain for new tokens and significant price changes, automatically executing trades before most traders even notice. Sounds like magic, right? Well, it’s possible with an Ethereum sniping bot, and it’s already helping me earn consistent passive income.
In this guide, I’ll walk you through how to create and deploy your own Ethereum sniping bot using AI tools like ChatGPT. The best part? You don’t need any coding experience to get started. Let’s dive in!
Step 1: Generating the Code with ChatGPT |
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| First, you’ll need a smart contract that can automatically hunt for sniping opportunities on the Ethereum network. The good news is that ChatGPT can generate this code for you. Simply ask ChatGPT to write a smart contract in Solidity—a programming language used for Ethereum development—that monitors the blockchain for new token listings or significant price movements.
Once you have the code, you’re ready to move on to the next step. |
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Step 2: Setting Up Remix for Smart Contract Deployment |
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| Next, you’ll need to use Remix, a web-based application that allows you to develop, compile, and deploy smart contracts on the Ethereum blockchain. Make sure you have the MetaMask browser extension installed and connected to the Ethereum mainnet.
If it’s your first time using Remix, you might need to agree to their terms. After that, follow these steps: |
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Create a New Contract |
Paste the Code |
Check Addresses |
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| Go to the sidebar on the left, click on the “Contracts” folder, and create a new contract file. Name it bot.sol. | Copy the Solidity code generated by ChatGPT and paste it into the bot.sol file. | Review lines 50 and 51 of the code to ensure the addresses for Wrapped Ether (WETH) tokens are correct. You can verify these addresses using Etherscan. | |||||
Step 3: Compiling the Smart Contract |
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Select the Compiler Version |
Compile the Contract |
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| In Remix, choose the Solidity compiler version that matches the one used in your contract (e.g., 0.6.6). | Click the “Compile” button and wait for the process to complete. If everything is set up correctly, your bot will be ready for deployment. | ||||||
Step 4: Deploying the Smart Contract |
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| Now that your smart contract is compiled, it’s time to deploy it to the Ethereum blockchain: | |||||||
Deploy the Contract |
Pay Gas Fees |
Start the Bot |
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| Go to the “Deploy & Run Transactions” tab in Remix. Select the “Injected Web3” environment, which uses MetaMask to connect to the blockchain. | ï‚· Confirm the contract deployment by paying the necessary gas fees. Gas fees are a transaction cost required for deploying smart contracts on the Ethereum network. | After deployment, you’ll see various functions of the smart contract, such as start (to begin monitoring the market) and withdraw (to stop the bot and transfer funds back to your wallet). | |||||
Step 5: Funding the Smart Contract |
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| To start trading, you’ll need to fund the smart contract with Ethereum: | |||||||
Transfer Funds |
Verify the Transaction |
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| Send Ethereum to the contract address. The amount you fund will determine the size of the trades the bot can make. | Check your contract address on Etherscan to ensure the funds have been successfully transferred. | ||||||
Step 6: Running the Bot and Monitoring Profits |
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| With everything set up, it’s time to let the bot do its work: | |||||||
Activate the Bot |
Click the start function to enable the bot. It will begin scanning the mempool for liquidity pairs and executing trades. | ||||||
Monitor Profits |
After some time, check the bot’s performance. For example, after 12 hours, you might see a significant increase in your Ethereum balance. | ||||||
Withdraw Profits |
When you’re ready, click the withdraw button to stop the bot and transfer your initial investment plus profits back to your wallet. Keep in mind that withdrawing also incurs a small gas fee. | ||||||
Conclusion
In just a day, you can start seeing profits from your Ethereum sniping bot. With minimal effort, you can continue to earn passive income as the bot executes trades on your behalf. The profits will vary, but with a bit of patience and the right setup, you could potentially see impressive returns.
Don’t forget to share your experience and profits in the comments below, and if you found this guide helpful, be sure to like and subscribe for more ways to make passive income.
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