I am using word2bits for large datasets. Actually, what I observed was word2bits occupying RAM like word2vec. So, I thought that what will happen for a small dataset.
Because of this purpose, I ran the word2bits example which mentioned in Readme (https://github.com/agnusmaximus/Word2Bits).I observed the RAM usage in htop.
When I ran this text8 on word2vec. It is also occupying the same RAM.
The word2bits use RAM like word2vec. This issue was solved in the GitHub issues (github.com/agnusmaximus/Word2Bits/issues/7)