The SCP(sand compaction pile) method which is a vertical reinforcing technique for soft ground using a sand compaction pile has received increasing popularity in Korea. Currently, there are different methods to evaluate the bearing capacity of the reinforced ground by the SCP method. However, a method that can consider the effect of the replacement ratio on the bearing capacity is not yet available. This study investigated the effect of the replacement ratio on the bearing capacity of the reinforced ground by the SCP method. The study involved laboratory experiments which were conducted on a centrifuge facility. Test conditions included various ranges of replacement ratios (20, 30, and 40%), centrifuged consolidation, and loading. From the results of the study, a method which can evaluate the bearing capacity of the reinforced ground was proposed and verified using the weighted average of the replacement ratio.