Worked example
The first eight squares contain 1, 2, 4, 8, 16, 32, 64, and 128 grains on the individual squares. Together, those first eight squares total only 255 grains. The 32nd square alone is already over 2.1 billion grains. The 64th square alone is over 9.22 quintillion grains, and the whole board totals 2^64 - 1, about 18.45 quintillion grains. The traditional story often uses wheat; using rice changes the object, not the mathematics.