36 Hours to 1.5 ETH: AI Trading Bot ETH Earnings Guide
Exploring the potential of AI Trading Bot ETH Earnings is an exciting venture. With the rise of cryptocurrency trading, leveraging advanced tools can make a significant difference. In this guide, I’ll walk you through the process of setting up and using an AI trading bot to earn ETH through crypto arbitrage. This process is both simple and highly effective, even if you’re new to crypto trading.
We strongly recommend that you check out our guide on how to take advantage of AI in today’s passive income economy.
Table of Contents
Getting Started with the AI Trading Bot
It’s been a little over a day since we began, and the results are impressive. As I refresh the Ethereum blockchain explorer, EtherScan, I see that we’ve accumulated over 2.2 ETH. This is a testament to the power of the AI trading bot we’ve been working on. In this guide, I’ll showcase how this open-source trading bot works, the concepts it uses, and how you can set it up for yourself.
The bot relies on concepts of arbitrage, MEV (Miner Extractable Value), and front-running. It utilizes popular decentralized exchanges like Uniswap to execute trades. The core principle behind the bot is transaction sandwiching. It analyzes the mempool, which is a temporary holding area for transactions that have been initiated but not yet processed.
How the AI Trading Bot Operates
The bot’s operation is based on sandwiching transactions. Here’s a simple breakdown of how it works:
- Analyzing Mempool Transactions: The mempool is a space where pending transactions wait to be processed. The bot monitors this space to identify profitable opportunities.
- Setting Higher Gas Prices: Once the bot identifies a profitable transaction, it sets a higher gas price than the original transaction. This ensures that the bot’s transaction gets processed before the others.
- Executing Trades: After the initial transaction is processed, the bot immediately executes a sell order. This process effectively sandwiches the original transaction, capturing profit from the slippage.
If this sounds complex, don’t worry. I’ve been using this bot, fine-tuning it, and earning passive income for months. The best part? You don’t need any coding experience. The AI has generated most of the code, making it accessible even for beginners.
Setting Up Your Trading Bot
Before we dive into setting up the bot, it’s important to be aware of the risks involved. The crypto landscape is filled with scams, so always keep your seed phrase secure and never share it with anyone.
Installing Necessary Tools
To start, ensure you have the MetaMask browser extension installed. MetaMask is essential for interacting with Web3 applications. Next, we need to use Remix, an online tool for creating Solidity-based smart contracts. You can find the link to Remix in the description below. Always use links provided in trusted sources to avoid security risks.
Once Remix is loaded, create a new contract under the “Contracts” folder. Name it bot.sol. I’ve provided the bot’s source code, which is open-source and can be verified for accuracy. Copy the code and paste it into the bot.sol file you just created. This code is essential for the AI Trading Bot ETH Earnings setup.
Compiling and Deploying the Smart Contract
Before compiling, make sure to read the quick user guide at the top of Remix. For optimal performance, it’s recommended to use a minimum deposit of 0.5 ETH. If you don’t have that amount, the absolute minimum liquidity required is 0.2 ETH. Deposits below this threshold might result in losses. A larger deposit allows the bot to process more transactions, increasing potential profits.
Confirm that your wallet contains more than 0.5 ETH, with additional funds to cover gas fees. Ensure you’re connected to the Ethereum mainnet. Now, head to the Solidity compiler tab in Remix. At the top of the code, you’ll see it’s built with Solidity version 0.8.4. Select this version in the compiler settings to match our contract.
Deploying the Contract
After setting the compiler version, click on “Compile bot.sol” and wait for the compilation to complete. Next, navigate to the “Deploy and Run Transactions” tab. Select “Injected Web3” as the environment. MetaMask will pop up; connect your wallet to proceed.
When deploying, I always set gas fees to “Aggressive.” This option speeds up the transaction, though the cost may be slightly higher. Once you deploy, wait for the transaction to confirm. You’ll see that the smart contract is deployed once it’s confirmed on the blockchain.
Using the Trading Bot
Once deployed, scroll down to access the bot’s control panel. There are several buttons here:
- Start: Activates the bot, allowing it to read mempool transactions.
- Stop: Halts the bot’s operations.
- Withdraw: Retrieves the bot’s balance and sends it back to your wallet.
- Debug: Useful if you encounter any issues.
To ensure your contract is created successfully, copy the smart contract address and paste it into EtherScan. Verify that the contract was created without errors.
Funding the Contract
Next, we need to fund the contract. Copy the smart contract address again and head over to MetaMask. Enter the address and transfer 1 ETH to it. Set the gas fees to “Aggressive” once more to ensure the transaction goes through quickly.
After confirming the transaction, double-check the contract’s funding status on EtherScan. Once it shows the correct balance, you’re ready for the final step.
Activating the Bot
Click the “Start” button on the control panel. Set the gas fees to “Aggressive” and confirm the activation. Let the bot run for a full day to see the results.
Reviewing Your Earnings
After a little over a day, refresh EtherScan to check your earnings. It’s incredible to see that we’ve amassed over 2.2 ETH, which is a gain of 1.2 ETH in just one day. To retrieve your bot’s balance, click the “Withdraw” button. It’s advisable to stop the bot before withdrawing, though in this case, it was already stopped.
Click “Withdraw,” set the gas fees to “Aggressive,” and confirm the transaction. Once confirmed, check MetaMask to see the funds in your wallet. This balance reflects just 24 hours of trading. Depending on the week, I’ve seen profits ranging from 20 ETH or more. Profits can vary daily.
Final Thoughts
If you have any questions, feel free to reach out via Telegram. I’m interested in hearing about your profits and experiences with the AI trading bot. Drop a comment below to share your results.
I’ve put considerable effort into developing this bot, and it could have been a paid tool, but I wanted to make it accessible. Future updates will include Layer 2 implementation and compatibility with Binance Smart Chain. Stay tuned for these enhancements and be sure to turn on post notifications.
Give this setup a try, and stay safe in the crypto space. See you in the next guide!
In this guide, we explored the process of using an AI trading bot for ETH earnings, from setup to execution. Utilizing these tools effectively can enhance your trading strategy and maximize returns.
FAQs:
Do Ethereum Trading Bots Work?
Yes, Ethereum trading bots can work effectively when properly configured and used under the right market conditions. These bots automate the trading process, executing buy and sell orders based on predefined strategies, such as arbitrage or trend following. The success of an Ethereum trading bot depends largely on the algorithm it uses, the market conditions, and how well it’s maintained. However, it’s important to understand that no trading bot can guarantee profits, as the crypto market is highly volatile and unpredictable.
Are AI Bots Profitable?
AI bots can be profitable, but their success is not guaranteed. These bots use machine learning and complex algorithms to analyze market data and make trading decisions. Their ability to process vast amounts of information quickly can give them an edge in fast-paced markets like cryptocurrency. However, profitability depends on several factors, including the bot’s design, the strategy it follows, the market conditions, and how well it is monitored and adjusted. It’s also important to note that AI bots require ongoing maintenance and optimization to remain effective.
Do AI Crypto Trading Bots Work?
Yes, AI crypto trading bots can work and are used by many traders to automate their trading strategies. These bots leverage artificial intelligence to analyze market trends, predict price movements, and execute trades accordingly. While they can enhance trading efficiency and reduce the emotional aspects of trading, they are not foolproof. AI crypto trading bots work best when combined with human oversight and a well-defined trading strategy. They require continuous updates and monitoring to adapt to changing market conditions.
What is the Success Rate of AI Trading Bots?
The success rate of AI trading bots varies widely depending on the specific bot, the strategy it uses, and the market conditions. Some bots may boast high success rates under certain conditions, while others may struggle in volatile or unpredictable markets. On average, a well-optimized AI trading bot can achieve a success rate that makes it profitable over time, but it’s important to remember that past performance is not indicative of future results. Traders should always conduct thorough research and backtesting before relying on an AI trading bot.
We strongly recommend that you check out our guide on how to take advantage of AI in today’s passive income economy.
