And not just any old M1 Mac. Last week I got it running on my 2021 8GB M1 MacBook Air and it's slow. Images at 512x512 with 10 steps take between 7 and 10 minutes to generate.
It's the only thing I do that hits performance limitations on the 8GB machine so there's no regrets on that score, but with the way this stuff is progressing 16GB+ is a realistic minimum for comfortable use.