Sharing the code below if you want to try it out.
Cheers!
import nuke
nodeBin=nuke.toNode('Reformat1')
height = nuke.tcl("expression "+nodeBin.name()+".height")
step = 1
timeNodes = []
i=0
im=0
dotNode = nuke.nodes.Dot()
mergeNodes = []
for x in range(1, int(height), step):
lineHeight = int(height)/(int(height)/step)
cropNode = nuke.nodes.Crop()
cropNode['box'].setValue((0,int(height)-x-lineHeight,256,int(height)-x))
cropNode.setInput(0, nodeBin)
timeNode = nuke.nodes.TimeOffset()
timeNode['time_offset'].setValue(x)
timeNode.setInput(0, cropNode)
timeNodes.append(timeNode)
if i==1: timeNodes.append(dotNode)
i=i+1
if i ==50:
i=0;
m = nuke.nodes.Merge2(operation='plus', inputs=timeNodes)
mergeNodes.append(m)
timeNodes = []
if im==1: mergeNodes.append(dotNode)
im=im+1
m = nuke.nodes.Merge2(operation='plus', inputs=timeNodes)
mergeNodes.append(m)
nuke.nodes.Merge2(operation='plus', inputs=mergeNodes)