Quote from: exahash on August 08, 2013, 10:01:20 PM

Quote from: astutiumRob on August 08, 2013, 02:40:04 AM

Quote from: webjoe on August 07, 2013, 06:09:51 PM

At time of press, each Terahash returned approximately $2,800 per day in earnings.

Kindergarden math would suggest that's wildly inaccurate....

1 block/10mins @ 25coins/block = 3600 coins/day
Network hashrate (now) = 343Th/s

So 1 Th/s (if existing not *adding* to the network) would expect to get 1/343 of 3600 coins/day = about 10 coins/day = about 1000$/day _right now_ with an ever decreasing amount as others add to the network

Some days are better than others (but it all evens out in the end) - a real example - 370Gh/s on 1/August received 4.13 coins, so scaling that to 1TH/s would have been 11.16 coins

You must've been a child prodigy, Rob, doing multiplication and long division in kindergarten. Shocked

A much easier online calculator says:
Mh/s Difficulty Coin/Day $/Coin Net Profit
1000000 37392768 13.45 102.14 $1373.732

Now, they say in the announcement that btc recently traded at 105, but 13.45 * 105 = $1412.25, which is still only about half of the $2800 figure they mention.

Kinda hard to trust a company that gets such a major detail so wrong in their first press release.

Yeah, it seems like a lot of companies out there are trying to scam people who do google searches and aren't really paying much attention to what's going on. BFL is probably the king of this.