Bitcoin Mining Profitability Reaches 2019 Highs

Bitcoin mining profitability reached highs for 2019 on the 27th May based on data from bitinfocharts.com. The increase in profitability is mainly attributable to the recent appreciation in the price of bitcoin. Bitcoin price reached a high of $8,939 based on price data from Bitstamp exchange. It has since retraced to below $8,500 on the 29th of May.

Source: Bitinfocharts.com