"absorb nitrogen" isn't really the issue in that it does not act like a sponge for nitrogen (later releasing it into the soil). In fact, the microbes at work decomposing the wood are what consume the nitrogen and the risk is taht they tend to use a LOT of Nitrogen to do their work. The faster they work, the more nitrogen they consume, the more they consume, the less available for the plant.
But, in reality, hops don't need much nitrogen in this phase of their growth cycle. In fact, the majority of hop plant uptake of Nitrogen occurs prior to cone set after which 1/3 to 1/2 of the nitrogen found in hops is locked into the cones. Also, and to further confound the ametuer nitrogen is also mobile. In that it doesn't go in and get locked into the soil. It can be leached out through irrigation. Further, Nitrogen uptake is condition dependant on soil pH.
As for the watering, how does the soil "feel"?
The dripper head you have there has the potential of a 10GPH flow rate spread out through 8 streams if wide open.
If the soil feels bogged, thatis loose, wet, thin, and muddy. Then yes, you are likely overwatering. But, if you can ball up some soil, drop it to the ground, and it crumbles then are likely in good shape. Unless under heavy respiratory stresses from heat, hops only require average watering needs of 1" per week. But that is really difficult to determine with a point source dripper. Thus, just bear in mind that the soil should be "moist" to the touch. Not "wet".
Hope this helps and doesn't confuse.