My video is definitely hardware (GPU) accelerated. If you don’t have working hardware acceleration in Firefox for videos/WebGL, there’s something wrong with your setup, it’s not a FF problem.
I and many others in this thread have no issue with this in FF.
Last I tried enabling that FF just started freezing randomly after, WebGL was still much slower than Chrome's and had artifacts, YouTube still didn't play 1080p smoothly. It just didn't work and reading the issue tracker they have no proper plans to fix all the acceleration issues under Linux either.