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Topic: BFL offers 1000 BTC back up on power claims - page 2. (Read 10305 times)

legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Na, I knew Tom would chicken out and run back into his hole, so it was largely irrelevant as far as Tom goes.  I'm offering 1000 BTC on behalf of BFL regardless of what Tom does.  I never expected Tom to honor the intent of his bet anyway (Simply because he had no intention of going through with it from the start), so it was largely altruistic on my part to begin with, but only in so far as I don't think I will have to pay up and I know Tom would... but I'm more than willing to escrow the amount until such time as is required.

Another mother fuckin' memo I didn't get! When the hell did it become okay for a COO of a company to make bets on behalf of the company they work for?

Now read the last bold statement carefully! Josh is stating that he's confident that he would win the bet if Tom followed through, but since Tom back out, Josh offers up 1000 BTC on behalf of the company and is willing to put said amount in escrow, of which he didn't do, for he didn't need to because he's a man of his word.

That's Bet one/1/uno for 1000 BTC.

Now, for bet(?) two/2/dos for 1000 BTC.

A representative of BFL (not Josh, though not stipulated) offers up a guarantee of 1000 BTC on their official forum, done so to garner more sales, of which they accomplished said task.

Now, let's get this mother fuckin' straight! There are two, not one, 1000 BTC bets/guarantees that need to be honored. Both were offered up on separate channels and were never meant to be of the same ilk, albeit they may have been combined as such at a later date.
hero member
Activity: 495
Merit: 507
Since Tom is refusing to actually make the bet he himself proposed between us, I am offering up a guarantee of 1000 BTC to charity (I will take suggestions on which charity to donate this to) if BFL does not meet it's power claims within 10% - meaning if BFL's power consumption is more than 66w for a Single SC, we lose the "bet."

Now, I ask if Tom is willing to step up and back the winning side.  He is 100% confident that we will not meet our power claims (which is the genesis of the failed bet), and as such I ask that he pony up 1000 BTC to the same charity if we do make our power claims.  

So there it is:  Tom is confident that we won't make our power claims, I am confident that we will.  I am willing to put up 1000 BTC to show my confidence in BFL products.  Is Tom confident enough to do the same or is he just blowing hot air?



Just figured I would quote this.

'offering', 'willing'

but there is no "bet" as outlined in paragraph 1 if this tom person didn't 'agree to do the same'.  did he?  i'm not going to read this whole thread.  if not, then why dredge up this old bs?

maybe there is a better post to quote?

In fact, there is.

Na, I knew Tom would chicken out and run back into his hole, so it was largely irrelevant as far as Tom goes.  I'm offering 1000 BTC on behalf of BFL regardless of what Tom does.  I never expected Tom to honor the intent of his bet anyway (Simply because he had no intention of going through with it from the start), so it was largely altruistic on my part to begin with, but only in so far as I don't think I will have to pay up and I know Tom would... but I'm more than willing to escrow the amount until such time as is required.


Emphasis mine.

Arguably he should have been Toxx'ed as soon as the funds didn't show up in escrow, but you know, forum collusion and all.
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
Since Tom is refusing to actually make the bet he himself proposed between us, I am offering up a guarantee of 1000 BTC to charity (I will take suggestions on which charity to donate this to) if BFL does not meet it's power claims within 10% - meaning if BFL's power consumption is more than 66w for a Single SC, we lose the "bet."

Now, I ask if Tom is willing to step up and back the winning side.  He is 100% confident that we will not meet our power claims (which is the genesis of the failed bet), and as such I ask that he pony up 1000 BTC to the same charity if we do make our power claims.  

So there it is:  Tom is confident that we won't make our power claims, I am confident that we will.  I am willing to put up 1000 BTC to show my confidence in BFL products.  Is Tom confident enough to do the same or is he just blowing hot air?



Just figured I would quote this.

'offering', 'willing'

but there is no "bet" as outlined in paragraph 1 if this tom person didn't 'agree to do the same'.  did he?  i'm not going to read this whole thread.  if not, then why dredge up this old bs?

maybe there is a better post to quote?
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Since Tom is refusing to actually make the bet he himself proposed between us, I am offering up a guarantee of 1000 BTC to charity (I will take suggestions on which charity to donate this to) if BFL does not meet it's power claims within 10% - meaning if BFL's power consumption is more than 66w for a Single SC, we lose the "bet."

Now, I ask if Tom is willing to step up and back the winning side.  He is 100% confident that we will not meet our power claims (which is the genesis of the failed bet), and as such I ask that he pony up 1000 BTC to the same charity if we do make our power claims. 

So there it is:  Tom is confident that we won't make our power claims, I am confident that we will.  I am willing to put up 1000 BTC to show my confidence in BFL products.  Is Tom confident enough to do the same or is he just blowing hot air?



Just figured I would quote this.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Anyone know of any updates concerning the topic of these bets?

Update: Nada update!

OTOH!

Assembler: Señor, Sonny, we have run out of parts to make Jalapeños.
Josh: I'll handle this, Sonny. Then tu go home at lunche today.
Sonny: Well played!
Josh: I love Mondays!
legendary
Activity: 3472
Merit: 1722
Anyone know of any updates concerning the topic of these bets?
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Apologies for jumping in earlier and messing things up a tad. I just now realized that this thread was started last year, assuming it was a recent thread still hashing the 1000 BTC bet(?), thinking all along it's been a continuation from a recent timeline.

I now clearly see that at one time BFL stated that they don't get involve with bets, yet later did put out a statement contrary to that, albeit they may not consider it a bet, but I'm not sure as to what else to call it.

The way I now read it is that we clearly have two, count 'em, 2 1000 BTC bets offered up at approximately the same time by two different entities. Ain't this special!

Quote
Quote from: Inaba on October 19, 2012, 04:04:56 PM

Since Tom is refusing to actually make the bet he himself proposed between us, I am offering up a guarantee of 1000 BTC to charity (I will take suggestions on which charity to donate this to) if BFL does not meet it's power claims within 10% - meaning if BFL's power consumption is more than 66w for a Single SC, we lose the "bet."

Quote
Published on 10-19-2012 06:33 PM                              66 Comments

We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
I was referring to the posts above mine - meh I thought it was obvious I guess not for some Tongue

Okay, sorry, my bad.

Quote
We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?

With the recent focus on power consumption, we want to reiterate that we stand behind our customers and our products. We have designed our mining equipment to be the smallest, fastest, most aesthetically pleasing and most power efficient mining device available on the planet. We guarantee that in the form of 1000 BTC! When you buy a BFL product, you know you're getting the absolute best mining device available, period.

There isn't any wiggle room in that quote. They missed their estimates by a mile and now they should pay up.
Yep.
sr. member
Activity: 470
Merit: 250
I was referring to the posts above mine - meh I thought it was obvious I guess not for some Tongue

Okay, sorry, my bad.

Quote
We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?

With the recent focus on power consumption, we want to reiterate that we stand behind our customers and our products. We have designed our mining equipment to be the smallest, fastest, most aesthetically pleasing and most power efficient mining device available on the planet. We guarantee that in the form of 1000 BTC! When you buy a BFL product, you know you're getting the absolute best mining device available, period.

There isn't any wiggle room in that quote. They missed their estimates by a mile and now they should pay up.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Yes it was more than a year ago - the FPGA Single ...

Can't you read?

Quote
We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?

With the recent focus on power consumption, we want to reiterate that we stand behind our customers and our products. We have designed our mining equipment to be the smallest, fastest, most aesthetically pleasing and most power efficient mining device available on the planet. We guarantee that in the form of 1000 BTC! When you buy a BFL product, you know you're getting the absolute best mining device available, period.

https://forums.butterflylabs.com/content/123-bfl-offers-1000-btc-charity-if-they-miss-their-power-targets.html

BFL should get the scammer tag if they don't pay up.


+1 they should get a scammer tag already.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Since Tom is refusing to actually make the bet he himself proposed between us, I am offering up a guarantee of 1000 BTC to charity (I will take suggestions on which charity to donate this to) if BFL does not meet it's power claims within 10% - meaning if BFL's power consumption is more than 66w for a Single SC, we lose the "bet."

Now, I ask if Tom is willing to step up and back the winning side.  He is 100% confident that we will not meet our power claims (which is the genesis of the failed bet), and as such I ask that he pony up 1000 BTC to the same charity if we do make our power claims. 

So there it is:  Tom is confident that we won't make our power claims, I am confident that we will.  I am willing to put up 1000 BTC to show my confidence in BFL products.  Is Tom confident enough to do the same or is he just blowing hot air?



Hey dipshit,

Now that you ass-hats have failed to deliver on your power specs and speeds, perhaps it is time to pay up the 1000 BTC to a charity and then prove you actually paid them? Oh wait...you have more important things to do like troll BTCtalk and cuss at your customers.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
Yes it was more than a year ago - the FPGA Single ...

Can't you read?

Quote
We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?

With the recent focus on power consumption, we want to reiterate that we stand behind our customers and our products. We have designed our mining equipment to be the smallest, fastest, most aesthetically pleasing and most power efficient mining device available on the planet. We guarantee that in the form of 1000 BTC! When you buy a BFL product, you know you're getting the absolute best mining device available, period.

https://forums.butterflylabs.com/content/123-bfl-offers-1000-btc-charity-if-they-miss-their-power-targets.html

BFL should get the scammer tag if they don't pay up.

I was referring to the posts above mine - meh I thought it was obvious I guess not for some Tongue
sr. member
Activity: 470
Merit: 250
Yes it was more than a year ago - the FPGA Single ...

Can't you read?

Quote
We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?

With the recent focus on power consumption, we want to reiterate that we stand behind our customers and our products. We have designed our mining equipment to be the smallest, fastest, most aesthetically pleasing and most power efficient mining device available on the planet. We guarantee that in the form of 1000 BTC! When you buy a BFL product, you know you're getting the absolute best mining device available, period.

https://forums.butterflylabs.com/content/123-bfl-offers-1000-btc-charity-if-they-miss-their-power-targets.html

BFL should get the scammer tag if they don't pay up.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
The reference was about bets in general. BFL doesn't make bets.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
Yes it was more than a year ago - the FPGA Single ...
legendary
Activity: 3878
Merit: 1193
Given the OP of this thread and the following, I guess this is Josh's bet and not BFL's:

Quote
Re: 1GH/s, 20w, $500 — Butterflylabs, is it a scam?
November 08, 2011, 01:30:52 PM                                                    #299

Hi guys,

Just a quick note. 

BF Labs Inc. will not be involving itself in any wagers.  If our generous friend would follow through on their promise of a $10,000 bounty for producing a unit with performance as described, we'll be happy to claim that amount in the name of a charity of the board's choice.  However, no such bounty has been placed in escrow and I don't think anyone truly expects our generous friend to follow through.

Regarding your individual wagers, I would be careful to allow for some upside flexibility in the performance claims.  It would be unfortunate if you were to loose a wager should the unit exceed expectations, due to a badly worded bet definition.   

I'm not saying the units perform differently than our purchase guarantee as stated on the site.  Just choose your words carefully.

Kind regards,
BFL

That sounds like some other bet. The 1000 BTC is the bet on their official forums.

https://forums.butterflylabs.com/content/123-bfl-offers-1000-btc-charity-if-they-miss-their-power-targets.html

Quote
We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%.
newbie
Activity: 32
Merit: 0
Bitcoins for a good cause
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Unless I slipped in the shower this morning we're in 2013. Right?

Given the OP of this thread and the following, I guess this is Josh's bet and not BFL's:

Quote
Re: 1GH/s, 20w, $500 — Butterflylabs, is it a scam?
November 08, 2011, 01:30:52 PM                                                    #299

Hi guys,

Just a quick note. 

BF Labs Inc. will not be involving itself in any wagers.  If our generous friend would follow through on their promise of a $10,000 bounty for producing a unit with performance as described, we'll be happy to claim that amount in the name of a charity of the board's choice.  However, no such bounty has been placed in escrow and I don't think anyone truly expects our generous friend to follow through.

Regarding your individual wagers, I would be careful to allow for some upside flexibility in the performance claims.  It would be unfortunate if you were to loose a wager should the unit exceed expectations, due to a badly worded bet definition.   

I'm not saying the units perform differently than our purchase guarantee as stated on the site.  Just choose your words carefully.

Kind regards,
BFL

You are correct, hence pointing out the highlighted text.
hero member
Activity: 495
Merit: 507
Unless I slipped in the shower this morning we're in 2013. Right?

Given the OP of this thread and the following, I guess this is Josh's bet and not BFL's:

Quote
Re: 1GH/s, 20w, $500 — Butterflylabs, is it a scam?
November 08, 2011, 01:30:52 PM                                                    #299

Hi guys,

Just a quick note. 

BF Labs Inc. will not be involving itself in any wagers.  If our generous friend would follow through on their promise of a $10,000 bounty for producing a unit with performance as described, we'll be happy to claim that amount in the name of a charity of the board's choice.  However, no such bounty has been placed in escrow and I don't think anyone truly expects our generous friend to follow through.

Regarding your individual wagers, I would be careful to allow for some upside flexibility in the performance claims.  It would be unfortunate if you were to loose a wager should the unit exceed expectations, due to a badly worded bet definition.   

I'm not saying the units perform differently than our purchase guarantee as stated on the site.  Just choose your words carefully.

Kind regards,
BFL
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