First TM Backup on New Mac Mini Not enough space error
I just got my new M1 Mac Mini with Big Sur. I have the 500GB SSD loaded. I installed a new 1TB external SSD to serve as the Time Machine. I formatted the drive and try to do the first backup. After about 15 mins the time machine stops and says it can't complete because the dive does not have enough space.
Again, the Time Machine is a new drive with 1TB available and the Mini SSD is only 500GB so there should be more than enough space. I notice that this happens with Big Sur. I have several other i-macs running Catilina and my TM is always double the size of the internal HD and I never had these issues.
Is there something going on with Big Sur and TM that is a known issue?
Any help is appreciated. Thank you in advance