Aladino Mining is a website that claims to generate revenue for users through AI altcoin mining.

For legitimacy and PR purposes, Aladino Mining claims that it is associated and backed by “well-known” industry leaders.

A LinkedIn profile shows that this project is headed by Michele Domizi and the same person is also claiming to be the CEO of Making Duplication Technologies.

This company is associated with a defunct ponzi scheme called Duplii.

In a launch zoom call dated 15th, September 2023, a person by the name Christian Steinkeller introduced the CEO as well as the CFO of Aladino Mining project.

Mr. Steinkeller is a staunch ponzi scheme promoter and he is also known to have collaborated with “Aron” and “Stefan” who marketed themselves as OneCoin “top earners”.

OneCoin was a Crypto ponzi scheme that operated in 2017, and members lost a lot of money through this illegal MLM operation. Thankfully, a co-founder and an accomplice was arrested and sentenced to 20 years jail term. Reports BBC news.

The purpose of this Aladino Mining review is to explain to you why this is yet another risky project that you should never get involved with.

Aladino Mining review

In a statement published on the Aladino Mining website, they claim is registered in the Bahamas because the island is a tax favorable jurisdiction.

Unfortunately, Bahamas is known to be a favorite destination for professional criminals who want to hide and launder money through the country’s compromised casino and banking system.

Even wife barterers hide in this country. At this point, it becomes clear why Aladino Mining is placing all its operations in Bahamas.

Aladino Mining does not require its users to pass any KYC requirements. They state that funds will be “scanned on-chain” which is such a vague statement.

The company collects funds from users in USDT. The minimum amount required to join is 25 USDT.

The project is also using misleading marketing statements such as “The One and Only $100 Million club concept”.

Aladino Mining is “paying out” returns

The promised daily return is between 0.2% to 0.6% which can be cashed out in Bitcoin. The website also claims that if the value of Cryptocurrency increases, daily profits will also increase.

They also claim that ths reason they can issue daily payouts is because Aladino Mining is using AI to determine which altcoin is profitable for mining at any given point.

Unfortunately, no evidence has been provided showing that Aladino Mining is generating ROI through Cryptocurrency mining.

In addition to this, the company fails to address regulatory concerns. Since they’re collecting funds for purposes of “investing” in altcoin mining, it would be considered a securities offering.

Currently this company is not regulated by any financial watchdog.

This makes it a very risky project to pertake in.

The Steinkeller brothers association with AladinoMining.com

The Steinkeller brothers are a trio who is well-known for operating or associating with multi-million ponzi schemes such as Planet Imapact, Organo Gold, Conligus and even OneCoin.

Around May 2017, the SteinKeller brothers were reported to have stolen $2.5 million from victims of OneCoin. They thrashed what was left of their reputation and fled to Dubai in the same year.

Mr. Christian Steinkeller appeared on a September 2023 zoom call video where he introduced Michele Domizi as the CEO of Aladino Mining.

We also established that both Michele Domizi and the Steinkeller brothers are hailing from Italy.

Based on the fact that Christian Steinkeller introduced Michele Domizi as the CEO of this project, there’s a chance that the Steinkeller brothers have a role in this ponzi scheme.

Conclusion of this review

The only evidence that Aladino Mining presents concerning how they generate revenue is that once they collect funds from members, they intend to pay out using the collected money.

This constitutes a ponzi scheme. The owners may pay out but once new money stops coming into the project, the ponzi scheme will close down.

There’s also a chance that as soon as their reputation is out there in relation to Aladino, the owners of this project will steal whatever is remaining and close down.

At the end of it all, a large majority of members will lose their invested funds.