1) The bet in question is this:
http://bitbet.us/bet/520/bitfury-eu-august-orders-will-ship-before-1st/2) The bet language states:
"Bitfurystrikesback.com (Bitfury EU reseller) will ship their 25 and 400 gigahash mining units before 1st of September 2013. Devices must meet
advertised performance (25 GH/s unit 40W, 400 GH/s unit 400W) in order to be accepted as valid. Atleast 5 deliveries confirmed by respected members of the community required."
3) I found this bet interesting, it says that the hardware must 'perform as advertised to be accepted as valid'. I was pretty sure what the '400Gh unit' was based on the forum posts, but just to make sure I went to bitfurystrikesback.com to see what the advertised hardware was.
http://www.bitfurystrikesback.com/product/400gh-miner-october-2013/400Gh Kit @ 400W
INCLUDES:
- 1 Master board
- 16 hashing boards with 16 Bitfury 55nm ASIC chips for total of 256 chips
- Raspberry Pi Model B with SD card and software preinstalled"
4) I decided that the hardware, as advertised, would not reach 400Gh hashrate. So, I placed a NO bet.
5) The hardware, as advertised, did not meet performance:
https://bitcointalk.org/index.php?topic=250249.msg3050985#msg3050985The '400Gh Unit' meets the power usage, but only hashes at 365Gh.
6) A short while later, I was shocked to see that the bet was passed as a YES anyway, with a note that says: "Even if not a very clear cut case, all technicalities aside the bet was substantially delivered upon."
So, basically, BitBet thinks that the 400Gh Miner in question only hashing at 365Gh is just a 'technicality', and passed the bet anyway.
7) Fraud? Scam? You decide. Either way I urge you all to stay away from this site.
A side note: BitFury did a great job and shipped on time. In fact, they are such a great company, that they offered to provide more hardware to customers since they missed hash rate targets. However, one should not confuse the additional provided hardware with the bet language above which states the '400Gh UNIT' must perform as advertised. It didn't.
