How does this differ from p2pool? If you've just re-invented p2pool, shouldn't you credit their prior art?
Monero is doing their implementation of p2pool. They have viable solo mining, as far as I understand. The basic idea is you have several P2pools. If you have a block time of 10 minutes, p2pool has 20% of hashrate, and there's 100 p2pool chains, each chain gets 0.2% of net hash. If you're OK with 20s block times (orphans aren't really a big problem), you need (20/600) * (0.02/100) = 0.00067% of network hash to get a payout every 10m.
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