Hi
yes, 8GB is at the lower end of the requirements. We would recommend 16GB or more.
Here in the FAQ you can read about it.
https://senbox.atlassian.net/wiki/spaces/SNAP/pages/1898053693/SNAP+FAQs#What-are-the-minimal-requirements-for-SNAP%3F
Adding more memory does not necessarily mean a faster processing, but it can help.
Your i5 has probably 4 cores. This means there can be 8 threads in parallel.
With an i7 or so you can have 16 threads at the same time.
But in general you computer is not bad, just a bit short on memory.
In the end more power is in most bases better.
But not always, see my post here: