Time Machine stuck in "Preparing backup..." on macOS 10.12.1
My Time Machine backup to my WD MyCloud EX2 stopped working after the Sierra update came out. Prior to that, it was working great ever since I bought the device on El Capitan. How can I get my Time Machine working again?
I've set up Time Machine to connect to the MyCloud EX2 over AFP as described by the Apple support docs. But the backup proceeds incredibly slowly so it never finishes. This screenshot is after ~10 minutes:
From Activity Monitor, backupd seems to be running but not doing much.
MacBook Pro (Retina, 15-inch, Mid 2014), OS X El Capitan (10.11.3), Time Machine