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Topic: 280 BTC total bets between Micon and mrb (are BFL ASICs real?) - page 30. (Read 46415 times)

hero member
Activity: 616
Merit: 500
Portland Bitcoin Group Organizer
Micon and I expressed willingness to place a personal 1:1 bet between each other, identical to http://betsofbitco.in/item?id=665 , that is:

Quote
Butterfly Labs ASIC is real and will achieve 350+ Mhash/Joule

At least one ASIC-based Butterfly Labs product will demonstrate 350 Mhash/Joule  or more, at stock frequency/voltage, at room temperature, for a sustained period of time of at least 60 minutes, with appropriate current-measuring equipment on the device's power input(s). Power consumption shall be measured by adding up current from all the device's DC inputs (12V jack, USB cable, etc.) It will not be measured "at the wall". The purpose of this bet is to avoid wildly varying efficiencies of power adapters and computer hosts. This bet applies to all ASIC-based products that Butterfly Labs will deliver to the general public. This includes the "SuperComputer" family (Jalapeno, Single SC, Mini Rig SC), as well as possibly any unannounced product that the company will be shipping by June 30, 2013.

This statement is true if, for example, the Single SC achieves 40 Ghash/s at 114 Watt or less (40000/114 = 351 Mhash/Joule) as measured with a clamp meter on its 12V DC input and 5V (USB) input.

This statement is false if all Butterfly Labs products fail to achieve 350 Mhash/Joule, or if Butterfly Labs fails to deliver any product at all.

mrb: agrees with the above statement.
Micon: disagrees with the statement.

We would each send the same amount of coins to a trusted third-party escrow. The winner takes all.

Micon:
- you said you would bet at least 10 coins. But can we raise the stakes? 100 BTC? 250 BTC? 1000 BTC?
- a list of escrows we could trust: https://bitcointalksearch.org/topic/escrow-list-108716 - I have personally escrowed hardware sales with Graet in the past (operator of ozcoin) - I would also personally trust nanotube who escrowed a 10000 BTC bet in the past
- I suggest we tip the escrow operator with a fee of 1% (taken out of the total amount escrowed) or 1 BTC (whichever is higher)

1)  we are going to have to work on the statement we are betting on.  Something like "BFL will not ship all pre-orders by 7/1/2013" is something I'd like to bet against.

2)  I feel we are going to come to a wager for sure.  I'm willing to bet 10 btc against the above statement right now.  Escrow will still need to be found

3)  My wife just gave birth to our daughter on 12/27 so I don't have a ton of time right now, please don't take my inaction in this thread as a sign that I'm scared or don't want to bet.  I will give this as much attention as I can.  I usually have a few hrs of daddy-daughter sleeping on my shoulder time and occasionally puking on me (I really don't mind it) during this time of night when I give her mom a rest and can msg-board it up for an hr or so.  I'll check in semi-daily and we'll hammer something out soon IMO.

Micon, would you like to restate your position on BFL, because as it stands I believe you're convinced 100% that its a scam.
hero member
Activity: 628
Merit: 504
Guys, aren't you betting on BFL being a scam/not being a scam? Because if you bet on them not being able to supply an X amount of devices by the time Y, then you're just arguing if that company is performing well, or not so well. That is two completely different things. How about betting if BFL can produce at least one "fully custom ASIC chip" by the time X? No shades, just pure "scam/not scam" bet. To make even one chip, they still have had to go through the whole manufacturing process. Roll Eyes
legendary
Activity: 1232
Merit: 1014
FPV Drone Pilot
Micon and I expressed willingness to place a personal 1:1 bet between each other, identical to http://betsofbitco.in/item?id=665 , that is:

Quote
Butterfly Labs ASIC is real and will achieve 350+ Mhash/Joule

At least one ASIC-based Butterfly Labs product will demonstrate 350 Mhash/Joule  or more, at stock frequency/voltage, at room temperature, for a sustained period of time of at least 60 minutes, with appropriate current-measuring equipment on the device's power input(s). Power consumption shall be measured by adding up current from all the device's DC inputs (12V jack, USB cable, etc.) It will not be measured "at the wall". The purpose of this bet is to avoid wildly varying efficiencies of power adapters and computer hosts. This bet applies to all ASIC-based products that Butterfly Labs will deliver to the general public. This includes the "SuperComputer" family (Jalapeno, Single SC, Mini Rig SC), as well as possibly any unannounced product that the company will be shipping by June 30, 2013.

This statement is true if, for example, the Single SC achieves 40 Ghash/s at 114 Watt or less (40000/114 = 351 Mhash/Joule) as measured with a clamp meter on its 12V DC input and 5V (USB) input.

This statement is false if all Butterfly Labs products fail to achieve 350 Mhash/Joule, or if Butterfly Labs fails to deliver any product at all.

mrb: agrees with the above statement.
Micon: disagrees with the statement.

We would each send the same amount of coins to a trusted third-party escrow. The winner takes all.

Micon:
- you said you would bet at least 10 coins. But can we raise the stakes? 100 BTC? 250 BTC? 1000 BTC?
- a list of escrows we could trust: https://bitcointalksearch.org/topic/escrow-list-108716 - I have personally escrowed hardware sales with Graet in the past (operator of ozcoin) - I would also personally trust nanotube who escrowed a 10000 BTC bet in the past
- I suggest we tip the escrow operator with a fee of 1% (taken out of the total amount escrowed) or 1 BTC (whichever is higher)

1)  we are going to have to work on the statement we are betting on.  Something like "BFL will not ship all pre-orders by 7/1/2013" is something I'd like to bet against.

2)  I feel we are going to come to a wager for sure.  I'm willing to bet 10 btc against the above statement right now.  Escrow will still need to be found

3)  My wife just gave birth to our daughter on 12/27 so I don't have a ton of time right now, please don't take my inaction in this thread as a sign that I'm scared or don't want to bet.  I will give this as much attention as I can.  I usually have a few hrs of daddy-daughter sleeping on my shoulder time and occasionally puking on me (I really don't mind it) during this time of night when I give her mom a rest and can msg-board it up for an hr or so.  I'll check in semi-daily and we'll hammer something out soon IMO.
mrb
legendary
Activity: 1512
Merit: 1028
Micon, check your email.

Most of my coins are in cold wallets, but I can move ~850 BTC from my hot ones to prove ownership. How about you?
mrb
legendary
Activity: 1512
Merit: 1028
As of Jan 28, we have bet 80 BTC (40 each), sent to the escrow address calculated by casascius' cryptographic escrow app (casascius himself is the escrow). Terms of the bet: https://bitcointalksearch.org/topic/m.1460806  Escrow address: 1Btxe5E8E4jCWfDhQMr683sVYnLgNLbA9z

As of Apr 16, we made a second bet of 200 BTC (100 each), sent to the escrow address (dooglus is the escrow). Terms of the bet: https://bitcointalksearch.org/topic/m.1861384  Escrow address: 1Dtf7TrZrQr7QooVGoKfd99rxHNoikQ3EH

As of May 5, so far, here are the potential datapoints that could determine the bet winners:

User Mhash/Joule Proof
enmaku 191 (at the wall) 5-second average of 5720 Mhash/s while measuring 30 Watt
gigavps 188 (at the wall) 5-second average of 5650 Mhash/s at 30 Watt (not sure if he measured himself)
kano 169 (at the wall) 5400 Mhash/s while measuring 32 Watt (he visited BFL though, excluding him from one of the bet terms)
grnbrg 156 (at the wall) 2-second average of 4065 Mhash/s while measuring 26 Watt
hdsolar n/a 5-second average of 5100 Mhash/s (unkwnown power consumption)
canton n/a 5500 Mhash/s (unkwnown power consumption)

--oOo--

Below is the first draft, first attempt to defined a bet...

Micon and I expressed willingness to place a personal 1:1 bet between each other, identical to http://betsofbitco.in/item?id=665 , that is:

Quote
Butterfly Labs ASIC is real and will achieve 350+ Mhash/Joule

At least one ASIC-based Butterfly Labs product will demonstrate 350 Mhash/Joule  or more, at stock frequency/voltage, at room temperature, for a sustained period of time of at least 60 minutes, with appropriate current-measuring equipment on the device's power input(s). Power consumption shall be measured by adding up current from all the device's DC inputs (12V jack, USB cable, etc.) It will not be measured "at the wall". The purpose of this bet is to avoid wildly varying efficiencies of power adapters and computer hosts. This bet applies to all ASIC-based products that Butterfly Labs will deliver to the general public. This includes the "SuperComputer" family (Jalapeno, Single SC, Mini Rig SC), as well as possibly any unannounced product that the company will be shipping by June 30, 2013.

This statement is true if, for example, the Single SC achieves 40 Ghash/s at 114 Watt or less (40000/114 = 351 Mhash/Joule) as measured with a clamp meter on its 12V DC input and 5V (USB) input.

This statement is false if all Butterfly Labs products fail to achieve 350 Mhash/Joule, or if Butterfly Labs fails to deliver any product at all.

mrb: agrees with the above statement.
Micon: disagrees with the statement.
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