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In article ,
says...

Making the race heavier doesn't help, because while the cross sectional
area (and thus strength) increases, so does the weight (and thus outward
force). My recollection from discussions of energy-storage flywheels is
that these effects cancel more or less perfectly, so all that matters is
the strength-to-weight ratio of the material from which the outer race
is made. Only hoop stress matters, so storage flywheels are often made
of boron fiber.

Yes, the stress on a rotating thin cylinder is dependent only on density
and peripheral speed.

What alloy are bearing races made of? What's the tensile strength?

By far the most common material is AISI 52100, UTS is around 300,000
psi. I don't believe that centrifugal force alone is enough to burst the
bearing race. I figure a peripheral speed of around 1700 FPS would be
required to reach 300 ksi stress. That's close to 2x the speed of sound,
almost 20 miles/second, or about 250,000 RPM for a common 6203 (17x40mm)
bearing. (Those numbers may be a bit high, depending on how chunky the
bearing is, i.e., how far it deviates from a "thin cylinder.")

I suspect that lubrication failure leading to galling of the balls and
consequently jamming is the big culprit. Perhaps the race expands enough
from the centrifugal force to rattle around and hasten the failure, but
it seems unlikely to me that it's possible to get the bearing spinning
fast enough for this to be much of a factor. The strain in the
hypothetical 6203 race would be about .15% at 100 KRPM - in other words
the bearing might loosen up a thousandth or two at that speed.

Ned Simmons