Eyal Avramovich is an inventor and entrepreneur whose ventures have significantly impacted technology and cryptocurrency. With a career built on innovation, his journey from a young child fascinated by technology to a global leader in blockchain technology and sustainable energy speaks to the power of perseverance and creative problem-solving. From launching groundbreaking inventions like the world’s thinnest scales and a robotic massage device to co-founding cryptocurrency projects such as Bitcoin Vault and Electric Cash, Avramovich has positioned himself as an influential figure in multiple industries.
In this interview, Eyal Avramovich opens up about his entrepreneurial journey, the values that drive him, and his vision for the future of cryptocurrency and innovation.
Who or what inspired you to pursue a career in your chosen field?
“My passion for technology and problem-solving began when I was a child. There was this toy boat I couldn’t afford, and that ignited a promise within me: to work hard enough to achieve anything I wanted. It wasn’t just about getting that boat—it was about believing that if I put in the effort, I could make anything happen. Later, I discovered Bitcoin in 2016, and that reignited my entrepreneurial spirit. Here was a technology that combined finance, technology, and problem-solving, and I knew it was a space where I could make an impact.”
Can you share a defining moment that shaped your career?
“One moment that stands out for me was launching MineBest in 2018. It was a big leap into the world of cryptocurrency mining. We built a business that democratized access to crypto mining, making it possible for anyone—from individual investors to large institutions—to participate. Seeing how our solutions were empowering people and revolutionizing an industry solidified my belief that technology could be a tool for global change.”
How would you describe your personal and professional values?
“My core values are integrity, innovation, and perseverance. Whether in my personal life or in business, I believe in staying true to myself, pushing boundaries, and never giving up. It’s about maintaining a balance between hard work, resilience, and the belief that any setback can be an opportunity to innovate.”
What advice would you give your younger self?
“I would tell my younger self to embrace challenges. In the face of adversity, stay curious, trust the process, and be persistent. Many of the biggest breakthroughs I’ve had in my career came from moments of struggle or failure. It’s the resilience to keep pushing forward that unlocks the next step.”
What personal or professional achievements are you most proud of?
“I’m most proud of creating the world’s thinnest scales and phone chargers, as well as the world’s first massage robot. Those inventions were not just about making a new product—they were about solving problems in new and meaningful ways. On a professional level, building a business that employed over 350 people was also a significant milestone. I think it’s a reminder of how powerful innovation can be, not just for the individual, but for society.”
How do you define success?
“For me, success is about achieving goals that positively impact others. It’s not just about personal or financial achievement but making a difference in the world, staying true to my values, and fostering innovation that can improve lives.”
Who is the one entrepreneur or business leader that you consider to be your greatest example and inspiration? Why?
“Elon Musk is a huge inspiration. His ability to think outside the box, take risks, and completely revolutionize industries is remarkable. He combines creativity with practicality in a way that pushes the boundaries of what we thought possible, and that’s something I strive for in my work every day.”
Are there any charitable organizations or community service-oriented activities that you are involved in?
“Through my SkyForce initiative, I’m involved in projects promoting sustainability and renewable energy. It’s a personal mission of mine to contribute to the advancement of clean energy, and I’m passionate about finding solutions that can help reduce the world’s carbon footprint.”
What do you see as the most significant challenges facing the cryptocurrency industry today?
“There are a few key challenges facing the crypto industry, including regulatory uncertainty, security issues, and the environmental impact of mining. Navigating these obstacles requires collective action and innovative thinking. We need solutions that ensure cryptocurrencies remain secure and environmentally friendly, while also making them more accessible to a wider audience.”
How is MineBest addressing the environmental concerns associated with cryptocurrency mining?
“At MineBest, sustainability is at the forefront of everything we do. We’re investing in renewable energy sources for our mining operations, using advanced cooling systems, and exploring new ways to reduce energy consumption. Our SkyForce initiative is also focused on promoting renewable energy, developing innovative technologies that can provide 24/7 energy production with minimal environmental impact. It’s all about finding ways to mine cryptocurrency in a way that doesn’t harm the planet.”
Could you elaborate on the unique features of Bitcoin Vault and Electric Cash?
“Bitcoin Vault is an innovative cryptocurrency that includes a transaction cancellation feature, which allows users to cancel transactions within a 24-hour period. This provides an extra layer of security and helps protect users from theft or errors. Electric Cash, on the other hand, focuses on providing fast, low-cost transactions. It rewards users who stake their coins and allows them to participate in the governance of the project through a voting system. Both cryptocurrencies aim to address major challenges in the market, namely security and efficiency.”
What inspired the development of Leia Gabiel, and what are its key features?
“Leia Gabiel was inspired by my desire to create a sustainable, luxurious option for urban transport. It’s a micro-electric vehicle designed for the modern city dweller. We’ve focused on making it the world’s smallest luxury electric vehicle. The vehicle combines comfort with cutting-edge technology and sustainability, featuring a sleek design, advanced performance capabilities, and a focus on reducing emissions. It’s an exciting project that embodies my belief in the power of innovation to transform urban mobility.”
With your diverse range of projects, how do you decide which ideas to pursue?
“I evaluate each idea based on its potential for innovation, sustainability, and positive societal impact. I also consider the feasibility of the project, the resources required, and whether it aligns with my values. At the heart of every decision is the question: How can this make the world a better place?”
How do you foresee the role of cryptocurrencies evolving in the global economy?
“As technology and regulations evolve, I see cryptocurrencies becoming a more integral part of the global financial ecosystem. They will provide inclusive financial services, offer alternatives to traditional banking systems, and increase transaction efficiency. Cryptocurrencies have the potential to make financial systems more accessible, transparent, and secure, especially in underbanked or underserved regions.”
What role does innovation play in your projects, and how do you foster it within your teams?
“Innovation is the driving force behind everything I do. I encourage my teams to embrace creativity, experiment, and fail forward. Failure is often the first step toward success, and I want my teams to view challenges as opportunities for growth. By maintaining an open and collaborative environment, we create a space where innovation thrives.”
What future innovations are you most excited about in the cryptocurrency space?
“I’m particularly excited about the future of blockchain scalability and security. As these aspects of blockchain improve, they will increase the adoption of cryptocurrencies. I’m also excited about the potential for integrating blockchain with emerging technologies like AI and IoT, which could lead to smarter, more secure systems.”
Lastly, what are your hopes for your legacy in the fields of technology and cryptocurrency?
“I hope to leave behind a legacy of innovation that inspires others to take risks and challenge the status quo. My goal is to contribute to a world where technology and sustainability work hand in hand to create positive, lasting change. I want to be remembered as someone who didn’t just build products but also contributed to the betterment of society.”
Conclusion
Eyal Avramovich is a leader in blockchain technology and sustainable development, and his success is a testament to his unwavering dedication and drive. Through his work in cryptocurrency, invention, and energy sustainability, Avramovich is setting a high standard for what it means to lead with purpose and vision. As he continues to push boundaries and innovate, his legacy is shaping the future of technology and cryptocurrency for generations to come.