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Memory size in research and algorithm

Just a simle question:

What is the memory size in research and algorithm?
I run a test to see when I go out of memory in the research I got something like 1GB

doing

counter = 0  
mp = []  
while(True):  
   while(True):  
    if counter % 1000000 == 0:  
        print counter/1000000  
    mp.append(np.int64(6))  
    counter+=1  

is it correct?