Best of luck. Currently running with SON, not sure if thats the competition you had in mind. However, i personally think 8 hours a day is not enough, 20 weeks for 1k?
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We're averaging 10 hours/day right now, and we're in no rush. I'm also pretty sure that 2-3 months is the general timeframe that most successful guilds have reached 1K, and keep in mind that 90% of those are "repeat" guilds that include members of older and pre-existing guilds who are just chasing for another hat.
If you're telling me that it's standard for a brand new guild to establish and immediately hit 1K hours in <20 weeks then I think you're wrong. I'm a lot more focused on building a quality guild and establishing a structure right now, we can get hours as they come. GL with SoN, seems like a good guild.