My M1 Mac Mini is crashing constantly because of this error.
panic(cpu 1 caller 0xfffffe0018939e58): watchdog timeout: no checkins from watchdogd in 92 seconds (8839 total checkins since monitoring last enabled)
Debugger message: panic
Memory ID: 0x6
OS release type: User
OS version: 20D91
Kernel version: Darwin Kernel Version 20.3.0: Thu Jan 21 00:06:51 PST 2021; root:xnu-7195.81.3~1/RELEASE_ARM64_T8101
Fileset Kernelcache UUID: F78A48EC84D7C3283E7C6C67D00889A7
Kernel UUID: 9FE8C0DA-8ED0-381C-9CEC-2A779F3E1503
iBoot version: iBoot-6723.81.1
secure boot?: YES
Paniclog version: 13
KernelCache slide: 0x000000000dec8000
KernelCache base: 0xfffffe0014ecc000
Kernel slide: 0x000000000e9fc000
Kernel text base: 0xfffffe0015a00000
Kernel text exec base: 0xfffffe0015ac8000
mach_absolute_time: 0x1ee7f7c548c
Epoch Time: sec usec
Boot : 0x608888d7 0x00034b78
Sleep : 0x00000000 0x00000000
Wake : 0x00000000 0x00000000
Calendar: 0x6089e27d 0x000587ff
CORE 0 recently retired instr at 0xfffffe0015c32c0c
CORE 1 recently retired instr at 0xfffffe0015c31748
CORE 2 recently retired instr at 0xfffffe0015c32c0c
CORE 3 recently retired instr at 0xfffffe0015c32c0c
CORE 4 recently retired instr at 0xfffffe0015c32c10
CORE 5 recently retired instr at 0xfffffe0015c32c10
CORE 6 recently retired instr at 0xfffffe0015c32c10
CORE 7 recently retired instr at 0xfffffe0015c32c10
Total cpu_usage: 63955664
Thread task pri cpu_usage
0xfffffe166d25dfb8 kernel_task 0 4322000
0xfffffe166d3f7918 kernel_task 0 4871507
0xfffffe166d3f0658 kernel_task 0 4562788
0xfffffe166d4fc658 kernel_task 0 4656977
0xfffffe166d3f32c0 kernel_task 0 4721256
Panicked task 0xfffffe166d245f18: 261971 pages, 526 threads: pid 0: kernel_task
Panicked thread: 0xfffffe166d3f7918, backtrace: 0xfffffe304af0f8b0, tid: 433
lr: 0xfffffe0015b15fd0 fp: 0xfffffe304af0f920
lr: 0xfffffe0015b15d9c fp: 0xfffffe304af0f990
lr: 0xfffffe0015c37f0c fp: 0xfffffe304af0f9b0
lr: 0xfffffe0015c298b8 fp: 0xfffffe304af0fa60
lr: 0xfffffe0015acf7e8 fp: 0xfffffe304af0fa70
lr: 0xfffffe0015b15a2c fp: 0xfffffe304af0fe00
lr: 0xfffffe0015b15a2c fp: 0xfffffe304af0fe70
lr: 0xfffffe00162b06a0 fp: 0xfffffe304af0fe90
lr: 0xfffffe0018939e58 fp: 0xfffffe304af0fec0
lr: 0xfffffe0018939634 fp: 0xfffffe304af0ff00
lr: 0xfffffe0016e9d5d0 fp: 0xfffffe304af0ff20
lr: 0xfffffe0016c22808 fp: 0xfffffe304af0ffb0
lr: 0xfffffe001620d694 fp: 0xfffffe304af0ffc0
lr: 0xfffffe0015c2c1bc fp: 0xfffffe304af0ffe0
lr: 0xfffffe0015acf85c fp: 0xfffffe304af0fff0
lr: 0xfffffe0015b3ddac fp: 0xfffffe404cad3ee0
lr: 0xfffffe0015b3dfb8 fp: 0xfffffe404cad3f00
lr: 0xfffffe0015ad8c14 fp: 0x0000000000000000
** Stackshot Succeeded ** Bytes Traced 397167 (Uncompressed 1076944) **