This estimation method would only work under the assumption that earth is a spherical. Now that we do know that it's a sphere. But how could you figure that out back in 2000 years ago?
> Plato's Timaeus proposed that the body of the cosmos was made in the most perfect and uniform shape, that of a sphere containing the fixed stars.
(Wikipedia, referencing F. M. Cornford, Plato's Cosmology: The Timaeus of Plato)