From "brothers have no brains" to "the project party uses us as a mine", the article sorts out the Lighting Network inscription project NOSS casting event

Original | Odaily Planet Daily

Author |Asher

Edit | Qin Xiaofeng

On the first day of the new year, the Lighting Network inscription project NOSS caused widespread discussion in the crypto community.

In just a few hours, the discussion about NOSS in the community went from “hurry up and add equipment, more minting points” to “don’t dig, the project party uses our equipment as a mining rig”. Why the mood of the community has changed so much, Odaily Planet Daily takes you to review the whole process of NOSS casting last night.

First Minting: Website crashes, postponement time

In fact, as early as a few days ago, NOSS began casting.

Since there is no minting cost (no need to pay Gas) and based on the Lighting Network, many community members participate in minting in batches. On the day of the first minting of NOSS, the official website was directly paralyzed due to the high traffic, and the project team was forced to suspend the public minting and inform the participants that they need to wait patiently for the time of re-minting.

Source: Official push

Secondary casting: Emotions shift from FOMO to FUD

NOSS official website

On the morning of January 1st, some Alpha communities issued an announcement informing the NOSS inscription project of the secondary minting time - 21 o’clock last night, which once again boosted the popularity of the project.

Even during the holidays, users’ enthusiasm for casting remains undiminished. AT THE BEGINNING OF CASTING LAST NIGHT, THE “MINT” BUTTON WAS DIFFICULT TO LOAD, AND USERS NEEDED TO CONSTANTLY REFRESH TO BARELY PARTICIPATE. So, how many hours of minting began, the community discussion topics were:

• If you don’t refresh Mint, just refresh it like crazy until it comes out;
• People who refresh out Mint, just let it keep digging, don’t quit, it’s hard to come back in after quitting;
• I now pop up a signature in less than 0.7 seconds, and I can’t get busy with several devices operating together;
• My computer still doesn’t work, and I don’t pop up for half a day to sign up;
• I don’t know how much I dug up, but the computer and mobile phone are powered off;
• The project side may not have an index yet, don’t ask, pop up the signature and dig it, so many people should dig it together and it should be done soon…

All of a sudden, there was a lot of discussion about the NOSS Mining in the major communities, until the official announcement of the specific Mining rules (as shown below) - which can be roughly understood as only one Address per Block will dig NOSS.

Source: Official push

In an instant, the various inscription communities exploded, and the bottom of the tweet was even more “scolding”. Some community members have reported that the NOSS project team uses the Computing Power of minting users to mine BTC for themselves (Figure 1 below).

Figure 1

In addition, some community members reported that there was indeed a sudden surge in an unknown Mining PoolBitcoinComputing Power around 10 o’clock last night (Figure 2 below).

Figure 2

After the news of “stealing user Computing Power” spread, the atmosphere of NOSS in the community changed 180 degrees, and the topics of discussion were:

• Brothers, report a little bit, so that the project party away from our sight;
• The computer is smoking, and the project team compensates me for the computer;
• Fight until the end of the Bull Market, shut down and sleep;
• Don’t dig it, this project is to take our CPU to give them Mining…

The attention of the NOSS inscription has also been declining amid the scolding, coupled with the rise in BTC this morning, the community began to look for a new Tier 1 project, and almost no one discussed the project again.

However, crypto KOl “Shinichi” is very optimistic about NOSS, believing that the project’s algorithm is very innovative, and all those who denigrate NOSS are either stupid or bad. In addition, “Shinichi” tweeted that NOSS already has an OTC Trading market, and he has completed an OTC Trading, and $500 has closed 75 contracts (as shown below).

OTC trading

Roundup

Overall, the NOSS inscription was extremely hot before the minting last night, and members of the inscription community increased their equipment for casting in order to dig up more NOSS. However, most of the people involved in the casting dug for more than an hour and clicked countless signatures, but not a single NOSS was mined, and the FUD sentiment quickly and naturally spread to various communities.

Although there is no real hammer for the time being whether the project party really uses user Computing Power to mine BTC, it is difficult for such an inscription mining mechanism to set off a high degree of heat again in a short period of time.

Finally, the security of the first-level inscription project cannot be fully guaranteed, and it is recommended that interested users participate cautiously and be sure to use an empty Wallet for minting.

Official Twitter:

Website: