backup stuck on "calculating time remaining"
I am trying to back up my Macbook 2015 for the first time. I am using an external drive that used to work on My Imac. Time machine is stuck on "calculating time remaining" for several hours. The backup data is not that big, around 70GB.
I have performed the following checks
-restarted the mac first
-erased the backup partition, and started with a fresh one
-tested copying a file to the backup partition. I can copy a single file, but i am prompted for credentials. It appears the partition is set to everyone read only, system read and write(is this normal for backup partitions?)
-tested the drive performance on another partition (comes up as 36 MB/s read/write, which is fine for a USB 2.0 laptop HD)
what further checks can i make?
MacBook, macOS Sierra (10.12.6), null