1/4 watt is definitely not enough for consistent usage (you might get away with it once or twice).
Take the usual formula for calculating power:
P = V * (V/R), where V is the voltage dropped across the resistor, and R is the resistance. Since you are dropping all the voltage to ground, use the full B+. This power rating is NOT needed for a discharge resistor because the voltage isn't applied constantly. But it is useful for demonstration:
Example #1: B+ = 500Vdc, and your resistor is 10k: 500*(500/10,000) = 25W!
Example #2: B+ = 500Vdc, resistor is 100k: 500*(500/100,000) = 2.5W. Skimp (because voltage isn't applied constantly) and use a 2W resistor.
So the smaller the resistance, the more power it will dissipate.
Here are some other notes:
- you can splice the resistor into the wire and cover it with electrical tape.
- the higher the resistance, the slower the caps will drain.
- once you drain those caps, they will sometimes 'recharge'. So always check 'em. Sometime I leave the discharge resistor clipped in place.
- use flameproof resistors. Metal oxide or cement. If you happen to forget that your discharge resistor is clipped in place, then you will need the full power rating or be happy that you used a flameproof resistor. Trust me.