Level 1 is only 10MB, so if it was empty it would fill in the first 1/2 second. For the remaining 1/2 second it would trigger 5 more compactions to Level 2, reading 130MB and writing 130MB. If it started out full then this would be 260MB/260MB respectively.
So for a 20MB/sec input workload you would need a disk subsystem capable of sustaining 498MB/sec of reads concurrent with 498MB/sec of writes. And that's only for a small DB, only Level 0-2 present (smaller than 110MB), and excluding the actual cost of filesystem operations (create/delete/etc).
That's only for the 1st second of load. For every second after that, you're dumping from Level 0 to Level 1 at 280MB read and 280MB write/sec. And dumping from Level 1 to Level 2 at 260/260 as before. 540/540 - so a disk capable of 1080MB/sec I/O is needed to sustain a 20MB/sec workload. And this is supposed to be HDD-optimized? Write-optimized? O(N logN) - what a laugh.
Maybe LSMs in general can be more efficient than this. LevelDB is pretty horrible though.