BFL offers 1000 BTC back up on power claims

[MPOE-PR]

Ok, so, now what?

Better call Luke-jr.

I'm sure he received 1000 BTC for charitable purposes (more pills).

[1714919713]

1714919713

[1714919713]

1714919713

[HUSTLER]

Give some to world food program.

http://www.wfp.org/

[surebet]

Cue Josh being all Josh about this bet...

[malevolent]

ASBIRO (Alternative School of Business and Personal Development) - http://www.asbiro.pl/afryka/

They are building a private pre-school in Zambia now which will be named after Ludwig von Mises, and they will be also teaching kids about business and economics in the Austrian school spirit.

When it is finished they will build a school, and after that a higher education institution.

[MPOE-PR]

ASBIRO (Alternative School of Business and Personal Development) - http://www.asbiro.pl/afryka/

They are building a private pre-school in Zambia now which will be named after Ludwig von Mises, and they will be also teaching kids about business and economics in the Austrian school spirit.

When it is finished they will build a school, and after that a higher education institution.

You know this is actually a good one. They get my vote for the imaginary 1000 BTC BFL will scam them for by never delivering in the first place. You know, just like they did to the general BTC community.

[yxt]

Donation is in the last stage of payment....

[Phinnaeus Gage]

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

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

[BitshireHashaway]

Close to $100,000, I'll be watching to see how this plays out if it ever happens. I find this betting to be childish but if the charities get paid then I'm fine with it!

[surebet]

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:

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

[Phinnaeus Gage]

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:

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.

[supercoins]

Bitcoins for a good cause

[Syke]

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

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

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%.

[kano]

Yes it was more than a year ago - the FPGA Single ...

[Phinnaeus Gage]

The reference was about bets in general. BFL doesn't make bets.

[Bitinvestor]

Yes it was more than a year ago - the FPGA Single ...

Can't you read?

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.

[kano]

Yes it was more than a year ago - the FPGA Single ...

Can't you read?

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

[smoothie]

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.

[smoothie]

Yes it was more than a year ago - the FPGA Single ...

Can't you read?

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.

[Bitinvestor]

I was referring to the posts above mine - meh I thought it was obvious I guess not for some

Okay, sorry, my bad.

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.

[kano]

I was referring to the posts above mine - meh I thought it was obvious I guess not for some

Okay, sorry, my bad.

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.