{"id":11413,"date":"2026-01-21T12:38:18","date_gmt":"2026-01-21T03:38:18","guid":{"rendered":"https:\/\/www.coinspeaker.com\/kr\/?p=11413"},"modified":"2026-01-21T12:38:18","modified_gmt":"2026-01-21T03:38:18","slug":"bitcoin-miners-are-losing-8000-for-each-btc-mined-hashrate-drops","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/kr\/bitcoin-miners-are-losing-8000-for-each-btc-mined-hashrate-drops\/","title":{"rendered":"\ube44\ud2b8\ucf54\uc778 \ucc44\uad74\uc5c5\uccb4, BTC 1\uac1c\ub2f9 8,000\ub2ec\ub7ec \uc190\uc2e4\u2026\ud574\uc2dc\ub808\uc774\ud2b8 \ud558\ub77d"},"content":{"rendered":"
\ube44\ud2b8\ucf54\uc778 \ud574\uc2dc\ub808\uc774\ud2b8\uc640 \ucc44\uad74 \ub09c\uc774\ub3c4\uac00 2025\ub144 11\uc6d4 \uc774\ud6c4 \ud558\ub77d\uc138\ub97c \ubcf4\uc774\uace0 \uc788\ub294 \uac00\uc6b4\ub370, \ud3c9\uade0 \ube44\uc6a9 \uae30\uc900\uc73c\ub85c \ube44\ud2b8\ucf54\uc778 \ucc44\uad74\uc774 \uc218\uc775\uc131\uc744 \uc783\uc740 \uc0c1\ud0dc\uc5d0 \uc811\uc5b4\ub4e4\uc5c8\ub2e4\ub294 \ubd84\uc11d\uc774 \ub098\uc628\ub2e4.<\/p>\n
\ucf54\uc778\uc2a4\ud53c\ucee4\uac00 \ub9e4\ud06c\ub85c\ub9c8\uc774\ud06c\ub85c(MacroMicro) \ub370\uc774\ud130\ub97c \uc778\uc6a9\ud574 \ud655\uc778\ud55c \ubc14\uc5d0 \ub530\ub974\uba74, 2026\ub144 1\uc6d4 19\uc77c \uae30\uc900 \ube44\ud2b8\ucf54\uc778\uc758 \ud3c9\uade0 \ucc44\uad74 \ube44\uc6a9\uacfc \uc2dc\uc7a5 \uac00\uaca9 \uac04 \uaca9\ucc28\ub294 8,000\ub2ec\ub7ec \uc774\uc0c1\uc73c\ub85c \ubc8c\uc5b4\uc84c\ub2e4. \ub2f9\uc2dc \ube44\ud2b8\ucf54\uc778<\/a> 1\uac1c\ub97c \ucc44\uad74\ud558\ub294 \ub370 \ub4dc\ub294 \ud3c9\uade0 \ube44\uc6a9\uc740 \uc57d 10\ub9cc 1,000\ub2ec\ub7ec\ub85c \ucd94\uc0b0\ub41c \ubc18\uba74, \uc2dc\uc7a5 \uac00\uaca9\uc740 \uc57d 9\ub9cc 3,000\ub2ec\ub7ec \uc218\uc900\uc5d0 \uba38\ubb3c\ub800\ub2e4.<\/p>\n \ud574\ub2f9 \ud3c9\uade0 \ucc44\uad74 \ube44\uc6a9\uc740 \ucf00\uc784\ube0c\ub9bf\uc9c0\ub300\ud559\uad50\uac00 \uc81c\uacf5\ud55c \ub370\uc774\ud130\ub97c \ubc14\ud0d5\uc73c\ub85c \uc0b0\ucd9c\ub41c \uacb0\uacfc\ub85c, \ud604\uc7ac \uac00\uaca9 \uad6c\uac04\uc5d0\uc11c\ub294 \ub2e4\uc218\uc758 \ucc44\uad74\uc5c5\uccb4\uac00 \uc190\uc2e4\uc744 \uac10\uc218\ud558\uba70 \uc6b4\uc601\uc744 \uc774\uc5b4\uac00\uace0 \uc788\uc744 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774 \uac19\uc740 \uc218\uc775\uc131 \uc545\ud654\ub294 \ucc44\uad74\uc790\ub4e4\uc758 \uc7a5\ube44 \uac00\ub3d9 \uc911\ub2e8\uc774\ub098 \ub124\ud2b8\uc6cc\ud06c \uc774\ud0c8\ub85c \uc774\uc5b4\uc9c0\uba70, \ucd5c\uadfc \ud574\uc2dc\ub808\uc774\ud2b8 \uac10\uc18c\uc758 \ubc30\uacbd\uc73c\ub85c \uc791\uc6a9\ud558\uace0 \uc788\ub2e4\ub294 \ud574\uc11d\ub3c4 \ub098\uc628\ub2e4.<\/p>\n 2026\ub144 1\uc6d4 19\uc77c \uae30\uc900 \ube44\ud2b8\ucf54\uc778 \ud3c9\uade0 \ucc44\uad74 \ube44\uc6a9\uacfc \uac00\uaca9 | \ucd9c\ucc98: MacroMicro<\/p><\/div>\n \ub9e4\ud06c\ub85c\ub9c8\uc774\ud06c\ub85c\ub294 “\ucf00\uc784\ube0c\ub9ac\uc9c0\ub300\ud559\uad50\uac00 \uc81c\uacf5\ud55c \uc804\ub825 \uc18c\ube44\ub7c9\uacfc \ube44\ud2b8\ucf54\uc778 \uc77c\uc77c \ubc1c\ud589\ub7c9 \ub370\uc774\ud130\ub97c \uad00\ucc30\ud558\uba74 \ube44\ud2b8\ucf54\uc778\uc758 \ud3c9\uade0 \ucc44\uad74 \ube44\uc6a9\uc744 \uc0b0\ucd9c\ud560 \uc218 \uc788\uc5c8\ub2e4”\uba70 “\ucc44\uad74 \ube44\uc6a9\uc774 \ube44\ud2b8\ucf54\uc778 \uc2dc\uc7a5 \uac00\uaca9\ubcf4\ub2e4 \ub0ae\uc744 \uacbd\uc6b0 \ub354 \ub9ce\uc740 \ucc44\uad74\uc790\uac00 \ub124\ud2b8\uc6cc\ud06c\uc5d0 \ucc38\uc5ec\ud558\uace0, \ubc18\ub300\ub85c \ucc44\uad74 \ube44\uc6a9\uc774 \ucc44\uad74\uc790\uc758 \uc218\uc775\uc744 \ucd08\uacfc\ud558\uba74 \ucc44\uad74\uc790 \uc218\ub294 \uac10\uc18c\ud558\uac8c \ub41c\ub2e4”\uace0 \uc124\uba85\ud588\ub2e4.<\/p><\/blockquote>\n \uc774\ub294 \ube44\ud2b8\ucf54\uc778 \ucc44\uad74\uc774 \ub9c9\ub300\ud55c \uc5f0\uc0b0 \ub2a5\ub825\uacfc \uc5d0\ub108\uc9c0\ub97c \uc694\uad6c\ud558\ub294 \uace0\ub3c4\uc758 \uacbd\uc7c1 \ud65c\ub3d9\uc774\uae30 \ub54c\ubb38\uc774\ub2e4. \ucc44\uad74 \uacbd\uc7c1\uc5d0 \ucc38\uc5ec\ud558\ub294 \ucc44\uad74\uc790\uac00 \ub9ce\uc544\uc9c8\uc218\ub85d \ube14\ub85d \ucc44\uad74\uc740 \ub354\uc6b1 \uc5b4\ub824\uc6cc\uc9c0\uace0, \uadf8\ub9cc\ud07c \ucc44\uad74 \ube44\uc6a9\ub3c4 \uc624\ub978\ub2e4. \ubc18\ub300\ub85c \uc218\uc775\uc131\uc774 \uc545\ud654\ub3fc \ucc44\uad74\uc790\ub4e4\uc774 \ub124\ud2b8\uc6cc\ud06c\ub97c \ub5a0\ub098\uba74, \ub09c\uc774\ub3c4\uc640 \ud3c9\uade0 \ucc44\uad74 \ube44\uc6a9\uc740 \uc790\uc5f0\uc2a4\ub7fd\uac8c \uc870\uc815\ub418\ub294 \uad6c\uc870\ub2e4.<\/p>\n \ub2e4\ub9cc \ube44\ud2b8\ucf54\uc778 \ucc44\uad74\uc790\ub4e4\uc740 \uc7a5\uae30\uc801\uc73c\ub85c \uac00\uaca9 \uc0c1\uc2b9\uc744 \uae30\ub300\ud560 \uacbd\uc6b0, \ud604\uc7ac\ub294 \uc218\uc775\uc131\uc774 \uc5c6\ub354\ub77c\ub3c4 \uc0ac\uc2e4\uc0c1 \ud504\ub9ac\ubbf8\uc5c4\uc744 \uc9c0\ubd88\ud558\uba70 \ucc44\uad74\uc744 \uc9c0\uc18d\ud558\uae30\ub3c4 \ud55c\ub2e4. \ubc18\ub300\ub85c \ud5a5\ud6c4 \uac00\uaca9 \ud558\ub77d\uc744 \uc608\uc0c1\ud558\uba74, \ucc44\uad74\uc790\ub4e4\uc740 \ucc44\uad74 \uc911\ub2e8\uc744 \uc120\ud0dd\ud560 \uac00\ub2a5\uc131\ub3c4 \uc788\ub2e4.<\/p>\n \ucf54\uc778\ub370\uc2a4\ud06c(CoinDesk)\uc5d0 \ub530\ub974\uba74, \ube14\ub85d\uccb4\uc778\uc744 \ubcf4\ud638\ud558\ub294 \uc804\uccb4 \uc5f0\uc0b0 \ub2a5\ub825\uc744 \uc758\ubbf8\ud558\ub294 \ube44\ud2b8\ucf54\uc778 \ub124\ud2b8\uc6cc\ud06c \ud574\uc2dc\ub808\uc774\ud2b8\ub294 2025\ub144 10\uc6d4 \uace0\uc810 \ub300\ube44 \uc57d 15% \uac10\uc18c\ud588\ub2e4. \ud574\uc2dc\ub808\uc774\ud2b8\ub780 \ube44\ud2b8\ucf54\uc778 \ub124\ud2b8\uc6cc\ud06c\uc5d0 \ucc38\uc5ec\ud558\ub294 \ucc44\uad74\uc790\ub4e4\uc774 \ud22c\uc785\ud558\ub294 \ucd1d \uc5f0\uc0b0 \ub2a5\ub825\uc744 \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c\ub85c, \ub124\ud2b8\uc6cc\ud06c \ubcf4\uc548 \uc218\uc900\uacfc \ucc44\uad74\uc790 \ucc38\uc5ec\ub3c4\ub97c \uac00\ub2a0\ud558\ub294 \ud575\uc2ec \uc9c0\ud45c\ub2e4. \ub2f9\uc2dc \uc57d 1.1ZH\/s(1,100EH\/s) \uc218\uc900\uc774\ub358 \ud574\uc2dc\ub808\uc774\ud2b8\ub294 \ud604\uc7ac \uc57d 977EH\/s\uae4c\uc9c0 \ud558\ub77d\ud55c \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.<\/p>\n \uc774 \uac19\uc740 \uae09\uaca9\ud55c \uac10\uc18c\ub294 \uad11\ubc94\uc704\ud55c \ucc44\uad74\uc790 \ud56d\ubcf5 \ud604\uc0c1(Miner capitulation)\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc6b4\uc601 \ube44\uc6a9\uc774 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\ub294 \uac00\uc6b4\ub370, 2025\ub144 \ub9d0 \uc774\ud6c4 \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc774 \uc815\uccb4\ub418\uac70\ub098 \ud558\ub77d\ud558\uba74\uc11c \uc218\uc775\uc131\uc774 \uc545\ud654\ub418\uc790 \ucc44\uad74 \uc5c5\uccb4\ub4e4\uc774 \uc7a5\ube44 \uac00\ub3d9\uc744 \uc911\ub2e8\ud558\uace0 \uc788\ub2e4\ub294 \ubd84\uc11d\uc774\ub2e4.<\/p>\n \ucc44\uad74 \ud658\uacbd\uc758 \uc555\ubc15\uc740 \ub09c\uc774\ub3c4 \uc9c0\ud45c\uc5d0\uc11c\ub3c4 \ud655\uc778\ub41c\ub2e4. \ube44\ud2b8\ucf54\uc778 \ucc44\uad74 \ub09c\uc774\ub3c4\ub294 2026\ub144 1\uc6d4 22\uc77c \uc804\ud6c4\ub85c \uc57d 4% \ucd94\uac00 \ud558\ud5a5 \uc870\uc815\ub420 \uc608\uc815\uc774\uba70, \uc774\ub294 \ucd5c\uadfc 8\ubc88\uc758 \uc870\uc815 \uc911 7\ubc88\uc9f8 \ud558\ub77d \uc870\uc815\uc5d0 \ud574\ub2f9\ud55c\ub2e4.<\/p>\n \ucf54\uc778\uc2a4\ud53c\ucee4\uac00 \uc628\uccb4\uc778 \ub370\uc774\ud130 \ud50c\ub7ab\ud3fc \uba64\ud480\ub2f7\uc2a4\ud398\uc774\uc2a4(mempool.space)\uc5d0\uc11c \ud655\uc778\ud55c \uc790\ub8cc<\/a> \uc5ed\uc2dc \ucf54\uc778\ub370\uc2a4\ud06c\uc758 \ubcf4\ub3c4<\/a>\ub97c \ub4b7\ubc1b\uce68\ud55c\ub2e4. \ud574\ub2f9 \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74, \uc774\uc804 \uc870\uc815\uc5d0\uc11c 1.20% \ud558\ub77d\ud55c \ub370 \uc774\uc5b4 \uc774\ubc88\uc5d0\ub294 \uc57d 3.84%\uc758 \ub09c\uc774\ub3c4 \uac10\uc18c\uac00 \uc608\uc0c1\ub418\uace0 \uc788\ub2e4.<\/p>\n 2026\ub144 1\uc6d4 19\uc77c \uae30\uc900 \ube44\ud2b8\ucf54\uc778 \ucc44\uad74 \ub09c\uc774\ub3c4 \uc870\uc815 \ubc0f \ud574\uc2dc\ub808\uc774\ud2b8 | \ucd9c\ucc98: mempool.space<\/p><\/div>\n \uae00\ub798\uc2a4\ub178\ub4dc(Glassnode)\uc758 \ud574\uc2dc\ub9ac\ubcf8(Hash Ribbon) \uc9c0\ud45c<\/a>\ub294 \ub2e8\uae30\u00b7\uc7a5\uae30 \ud574\uc2dc\ub808\uc774\ud2b8 \uc774\ub3d9\ud3c9\uade0\uc744 \ube44\uad50\ud574 \ucc44\uad74\uc790 \ud56d\ubcf5\uc744 \ucd94\uc801\ud558\ub294 \uc9c0\ud45c\ub2e4. \ucf54\uc778\ub370\uc2a4\ud06c\uc5d0 \ub530\ub974\uba74, \ud574\ub2f9 \uc9c0\ud45c\ub294 2025\ub144 11\uc6d4 29\uc77c \uc5ed\uc804 \uc2e0\ud638\ub97c \ub098\ud0c0\ub0c8\uc73c\uba70, \uc774\ub294 \ucc44\uad74\uc790\ub4e4\uc774 \uc6b4\uc601 \ube44\uc6a9\uc744 \ucda9\ub2f9\ud558\uae30 \uc704\ud574 \ubcf4\uc720 \ube44\ud2b8\ucf54\uc778\uc744 \ub9e4\ub3c4\ud560 \uc218\ubc16\uc5d0 \uc5c6\ub294 \uc0c1\ud669\uc5d0 \ub193\uc600\uc74c\uc744 \uc758\ubbf8\ud55c\ub2e4. \uc774\ub85c \uc778\ud574 \ub2e8\uae30\uc801\uc73c\ub85c \uc2dc\uc7a5\uc5d0 \ucd94\uac00\uc801\uc778 \ub9e4\ub3c4 \uc555\ub825\uc774 \uac00\ud574\uc9c0\uace0 \uc788\ub2e4\ub294 \ubd84\uc11d\uc774\ub2e4.<\/p>\n \ub2e4\ub9cc \ubaa8\ub4e0 \ud750\ub984\uc774 \ubd80\uc815\uc801\uc778 \uac83\uc740 \uc544\ub2c8\ub2e4. \ub9c8\uc774\ud074 \uc138\uc77c\ub7ec(Michael Saylor)\ub294 \uc790\uc2e0\uc758 \ube44\ud2b8\ucf54\uc778 \uc7ac\ubb34 \uc804\ub7b5 \uae30\uc5c5 \ub9c8\uc774\ud06c\ub85c\uc2a4\ud2b8\ub798\ud2f0\uc9c0\ub97c \ud1b5\ud574 \ucd94\uac00 \ub9e4\uc785 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac<\/a>\ud558\uba70 \ub099\uad00\uc801\uc778 \uc2e0\ud638\ub97c \ubcf4\ub0c8\ub2e4. \ub610\ud55c \uc9c0\ub09c\uc8fc \uac00\uc0c1\uc790\uc0b0 \uc2dc\uc7a5\uc73c\ub85c\uc758 \uc790\uae08 \uc720\uc785 \uaddc\ubaa8\ub294 \uc9c0\ub09c\ud574 10\uc6d4 \uc774\ud6c4 \ucd5c\ub300\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\ub294 \uae30\uad00 \ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec\uc774 \ub2e4\uc2dc \ud655\ub300\ub418\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c\ub85c \ud574\uc11d\ub41c\ub2e4.<\/p>\n \uc5ec\uae30\uc5d0 \ub354\ud574 \ube14\ub85d\uc2a4\ud398\uc774\uc2a4 \ubbf8\ub514\uc5b4(Blockspace Media)\ub294 \uc628\uccb4\uc778 \ub370\uc774\ud130 \ubd84\uc11d \ud50c\ub7ab\ud3fc \ube44\ud2b8\ucf54\uc778 \ub808\uc774\uc5b4\uc2a4(Bitcoin Layers)\ub97c \uc778\uc218\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4. \uc774\ubc88 \uc778\uc218\ub97c \ud1b5\ud574 \ub370\uc774\ud130 \ubd84\uc11d \uc5ed\ub7c9\uc744 \ud1b5\ud569\ud558\uace0, \ube44\ud2b8\ucf54\uc778 \uc911\uc2ec \ubbf8\ub514\uc5b4 \ucf58\ud150\uce20\ub97c \ud55c\uce35 \ud655\uc7a5\ud560 \uacc4\ud68d\uc774\ub2e4.<\/p>\n
\ube44\ud2b8\ucf54\uc778 \ucc44\uad74 \ub09c\uc774\ub3c4\uc640 \ud574\uc2dc\ub808\uc774\ud2b8 \ud558\ub77d<\/h2>\n
