Is it safe to raise that value and what would be the consequences of a too high value?
Yes, it's safe to raise that value and below are the possible costs [source]:
- Each used inotify watch takes up 540 bytes (32-bit system), or 1 kB (double - on 64-bit) [sources: 1, 22]
- This comes out of kernel memory, which is unswappable.
-  Assuming you set the max at 524288 and all were used (improbable), you'd be using approximately 256MB/512MB of 32-bit/64-bit kernel memory.
- Note that your application will also use additional memory to keep track of the inotify handles, file/directory paths, etc. -- how much depends on its design.
 
To check the max number of inotify watches:
cat /proc/sys/fs/inotify/max_user_watches
To set max number of inotify watches
Temporarily:
-  Run sudo sysctl fs.inotify.max_user_watches=with your preferred value at the end.
Permanently (more detailed info):
-  put fs.inotify.max_user_watches=524288into your sysctl settings. Depending on your system they might be in one of the following places:-  Debian/RedHat: /etc/sysctl.conf
-  Arch: put a new file into /etc/sysctl.d/, e.g./etc/sysctl.d/40-max-user-watches.conf
 
-  Debian/RedHat: 
-  you may wish to reload the sysctl settings to avoid a reboot: sysctl -p(Debian/RedHat) orsysctl --system(Arch)
Check to see if the max number of inotify watches have been reached:
 Use tail with the -f (follow) option on any old file, e.g. tail -f /var/log/dmesg:
- If all is well, it will show the last 10 lines and pause; abort with Ctrl-C
- If you are out of watches, it will fail with this somewhat cryptic error:
tail: cannot watch '/var/log/dmsg': No space left on device
To see what's using up inotify watches
find /proc/*/fd -lname anon_inode:inotify |
   cut -d/ -f3 |
   xargs -I '{}' -- ps --no-headers -o '%p %U %c' -p '{}' |
   uniq -c |
   sort -nr
The first column indicates the number of inotify fds (not the number of watches though) and the second shows the PID of that process [sources: 1, 2].
 
                 
                 
                 
                 
                