EVOBITS INFORMATION TECHNOLOGY SRL
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“ I DIDN ’ T WANT TO JUST PUT UP A SHED AND THROW MINING MACHINES IN THERE . THAT WOULD HAVE BEEN VERY CHEAP AND FAST , B UT N OT FUTURE PROOF ”
— Silviu Catalin Balaci , Founder and CEO , Evobits Information Technology SRL the market as they see fit . That ’ s why we ’ ve seen huge spikes one way or another when there are big trades that completely reverse the trend up until that point .” Coupled with the high initial costs of setting up a crypto mining operation , the capricious crypto market might tempt some prospective miners to try something more predictable ( alligator farming or Alaskan crab fishing perhaps ), but Silviu , a software engineer and owner of one of the largest cryptocurrency mines in Romania , is confident he has the puzzle cracked .
“ I was always wary of the mining business , because it ’ s a boom and bust area . I didn ’ t want to just put up a shed and throw mining machines in there . That would have been very cheap and fast , but not future proof ,” he says . For the first three years of operation , EvobitsIT operated exclusively as a software services business , offering full stack programming and consultancy services . “ We do start-to-finish turnkey solutions for our customers ,” says Silviu . “ You tell us the idea , we ’ ll develop it , design it , host it and manage it ; you only have to deal with the marketing side .” While working with a
JULY 2019