Well ... @RadioOperator's build also goes into a boot loop:
Boot and Recovery Environment for Embedded Devices
Copyright (C) 2021 HackPascal <hackpascal@gmail.com>
Build date 2021-12-15 [git-f9b74d0]
Version 1.1 (r1337)
DRAM: 128MB
Platform: MediaTek MT7621A ver 1, eco 3
Board: PandoraBox PBR-M1 / Newifi Y2S
Clocks: CPU: 880MHz, DDR: 1040MHz, Bus: 220MHz, Ref: 40MHz
Flash: EON EN25QX128 (16MB) on mt7621-spi.0
Environment variables @ 00030000 on flash bank 0, size 00010000
rt2880-eth: MAC address from EEPROM is invalid, using default settings.
rt2880-eth: Using MAC address 00:0c:43:00:00:01
eth0: MediaTek MT7530 Gigabit switch
Network started on eth0, inet addr 192.168.1.1, netmask 255.255.255.0
Press any key to0interrupt autoboot(...8888▒▒
Press any key to interrupt autoboot ... 0
Trying to boot firmware from 0x00050000 in flash bank 0 ...
Reading data into memory ...
U-Boot firmware image header detected.
Image Name: MIPS OpenWrt Linux-5.10.108
Data Size: 2570231 Bytes
Load Address: 80001000
Entry Point: 80001000
Flushing cache ... done.
Starting kernel at 0x80001000...
OpenWrt kernel loader for MIPS based SoC
Copyright (C) 2011 Gabor Juhos <juhosg@openwrt.org>
Decompressing kernel... done!
Starting kernel at 80001000...
[ 0.000000] Linux version 5.10.108 (jack@T420) (mipsel-openwrt-linux-musl-gcc (OpenWrt GCC 11.2.0 r19255-009f8afe06) 11.2.0, GNU ld (GNU Binutils) 2.37) #0 SMP Sun Mar 27 04:00:50 2022
[ 0.000000] SoC Type: MediaTek MT7621 ver:1 eco:3
[ 0.000000] printk: bootconsole [early0] enabled
[ 0.000000] CPU0 revision is: 0001992f (MIPS 1004Kc)
[ 0.000000] MIPS: machine is Xiaomi Mi Router 4A Gigabit Edition
[ 0.000000] Initrd not found or empty - disabling initrd
[ 0.000000] VPE topology {2,2} total 4
[ 0.000000] Primary instruction cache 32kB, VIPT, 4-way, linesize 32 bytes.
[ 0.000000] Primary data cache 32kB, 4-way, PIPT, no aliases, linesize 32 bytes
[ 0.000000] MIPS secondary cache 256kB, 8-way, linesize 32 bytes.
[ 0.000000] Zone ranges:
[ 0.000000] Normal [mem 0x0000000000000000-0x0000000007ffffff]
[ 0.000000] HighMem empty
[ 0.000000] Movable zone start for each node
[ 0.000000] Early memory node ranges
[ 0.000000] node 0: [mem 0x0000000000000000-0x0000000007ffffff]
[ 0.000000] Initmem setup node 0 [mem 0x0000000000000000-0x0000000007ffffff]
[ 0.000000] percpu: Embedded 15 pages/cpu s30096 r8192 d23152 u61440
[ 0.000000] Built 1 zonelists, mobility grouping on. Total pages: 32480
[ 0.000000] Kernel command line: console=ttyS0,115200n8 rootfstype=squashfs,jffs2
[ 0.000000] Dentry cache hash table entries: 16384 (order: 4, 65536 bytes, linear)
[ 0.000000] Inode-cache hash table entries: 8192 (order: 3, 32768 bytes, linear)
[ 0.000000] Writing ErrCtl register=00010000
[ 0.000000] Readback ErrCtl register=00010000
[ 0.000000] mem auto-init: stack:off, heap alloc:off, heap free:off
[ 0.000000] Memory: 119864K/131072K available (6691K kernel code, 622K rwdata, 796K rodata, 1284K init, 235K bss, 11208K reserved, 0K cma-reserved, 0K highmem)
[ 0.000000] SLUB: HWalign=32, Order=0-3, MinObjects=0, CPUs=4, Nodes=1
[ 0.000000] rcu: Hierarchical RCU implementation.
[ 0.000000] Tracing variant of Tasks RCU enabled.
[ 0.000000] rcu: RCU calculated value of scheduler-enlistment delay is 10 jiffies.
[ 0.000000] NR_IRQS: 256
[ 0.000000] random: get_random_bytes called from 0x807efa80 with crng_init=0
[ 0.000000] CPU Clock: 880MHz
[ 0.000000] clocksource: GIC: mask: 0xffffffffffffffff max_cycles: 0xcaf478abb4, max_idle_ns: 440795247997 ns
[ 0.000013] sched_clock: 64 bits at 880MHz, resolution 1ns, wraps every 4398046511103ns
[ 0.007942] clocksource: MIPS: mask: 0xffffffff max_cycles: 0xffffffff, max_idle_ns: 4343773742 ns
[ 0.016922] Calibrating delay loop... 586.13 BogoMIPS (lpj=2930688)
[ 0.083086] pid_max: default: 32768 minimum: 301
[ 0.087855] Mount-cache hash table entries: 1024 (order: 0, 4096 bytes, linear)
[ 0.095058] Mountpoint-cache hash table entries: 1024 (order: 0, 4096 bytes, linear)
[ 0.105510] rcu: Hierarchical SRCU implementation.
[ 0.110509] dyndbg: Ignore empty _ddebug table in a CONFIG_DYNAMIC_DEBUG_CORE build
[ 0.118537] smp: Bringing up secondary CPUs ...
[ 0.123696] Primary instruction cache 32kB, VIPT, 4-way, linesize 32 bytes.
[ 0.123706] Primary data cache 32kB, 4-way, PIPT, no aliases, linesize 32 bytes
[ 0.123718] MIPS secondary cache 256kB, 8-way, linesize 32 bytes.
[ 0.123798] CPU1 revision is: 0001992f (MIPS 1004Kc)
[ 0.178398] Synchronize counters for CPU 1: done.
[ 0.210490] Primary instruction cache 32kB, VIPT, 4-way, linesize 32 bytes.
[ 0.210499] Primary data cache 32kB, 4-way, PIPT, no aliases, linesize 32 bytes
[ 0.210508] MIPS secondary cache 256kB, 8-way, linesize 32 bytes.
[ 0.210557] CPU2 revision is: 0001992f (MIPS 1004Kc)
[ 0.269584] Synchronize counters for CPU 2: done.
[ 0.300066] Primary instruction cache 32kB, VIPT, 4-way, linesize 32 bytes.
[ 0.300076] Primary data cache 32kB, 4-way, PIPT, no aliases, linesize 32 bytes
[ 0.300084] MIPS secondary cache 256kB, 8-way, linesize 32 bytes.
[ 0.300137] CPU3 revision is: 0001992f (MIPS 1004Kc)
[ 0.354776] Synchronize counters for CPU 3: done.
[ 0.384647] smp: Brought up 1 node, 4 CPUs
[ 0.392807] clocksource: jiffies: mask: 0xffffffff max_cycles: 0xffffffff, max_idle_ns: 19112604462750000 ns
[ 0.402633] futex hash table entries: 1024 (order: 3, 32768 bytes, linear)
[ 0.409672] pinctrl core: initialized pinctrl subsystem
[ 0.416858] NET: Registered protocol family 16
[ 0.423483] cpuidle: using governor teo
[ 0.445473] random: fast init done
[ 0.468819] clocksource: Switched to clocksource GIC
[ 0.476075] NET: Registered protocol family 2
[ 0.480720] IP idents hash table entries: 2048 (order: 2, 16384 bytes, linear)
[ 0.488542] tcp_listen_portaddr_hash hash table entries: 512 (order: 0, 6144 bytes, linear)
[ 0.496894] TCP established hash table entries: 1024 (order: 0, 4096 bytes, linear)
[ 0.504479] TCP bind hash table entries: 1024 (order: 1, 8192 bytes, linear)
[ 0.511480] TCP: Hash tables configured (established 1024 bind 1024)
[ 0.517903] UDP hash table entries: 256 (order: 1, 8192 bytes, linear)
[ 0.524386] UDP-Lite hash table entries: 256 (order: 1, 8192 bytes, linear)
[ 0.531521] NET: Registered protocol family 1
[ 0.535814] PCI: CLS 0 bytes, default 32
[ 0.542360] workingset: timestamp_bits=14 max_order=15 bucket_order=1
[ 0.552957] squashfs: version 4.0 (2009/01/31) Phillip Lougher
[ 0.558706] jffs2: version 2.2 (NAND) (SUMMARY) (LZMA) (RTIME) (CMODE_PRIORITY) (c) 2001-2006 Red Hat, Inc.
[ 0.571317] mt7621_gpio 1e000600.gpio: registering 32 gpios
[ 0.577180] mt7621_gpio 1e000600.gpio: registering 32 gpios
[ 0.583122] mt7621_gpio 1e000600.gpio: registering 32 gpios
[ 0.589587] Serial: 8250/16550 driver, 3 ports, IRQ sharing disabled
[ 0.597846] printk: console [ttyS0] disabled
[ 0.602258] 1e000c00.uartlite: ttyS0 at MMIO 0x1e000c00 (irq = 19, base_baud = 3125000) is a 16550A
[ 0.611272] printk: console [ttyS0] enabled
[ 0.611272] printk: console [ttyS0] enabled
[ 0.619534] printk: bootconsole [early0] disabled
[ 0.619534] printk: bootconsole [early0] disabled
[ 0.631784] spi-mt7621 1e000b00.spi: sys_freq: 220000000
[ 0.638599] spi-nor spi0.0: en25qx128a (16384 Kbytes)
[ 0.643809] 8 fixed-partitions partitions found on MTD device spi0.0
[ 0.650266] Creating 8 MTD partitions on "spi0.0":
[ 0.655044] 0x000000000000-0x000000030000 : "u-boot"
[ 0.661078] 0x000000030000-0x000000040000 : "u-boot-env"
[ 0.667404] 0x000000040000-0x000000050000 : "Bdata"
[ 0.673336] 0x000000050000-0x000000060000 : "factory"
[ 0.679600] 0x000000060000-0x000000070000 : "crash"
[ 0.685664] 0x000000070000-0x000000080000 : "cfg_bak"
[ 0.691863] 0x000000080000-0x000000180000 : "overlay"
[ 0.697893] 0x000000180000-0x000001000000 : "firmware"
[ 0.760749] mt7530 mdio-bus:1f: MT7530 adapts as multi-chip module
[ 0.770790] mtk_soc_eth 1e100000.ethernet eth0: mediatek frame engine at 0xbe100000, irq 21
[ 0.780488] i2c /dev entries driver
[ 0.786713] mt7621-pci 1e140000.pcie: host bridge /pcie@1e140000 ranges:
[ 0.793517] mt7621-pci 1e140000.pcie: No bus range found for /pcie@1e140000, using [bus 00-ff]
[ 0.802339] mt7621-pci 1e140000.pcie: MEM 0x0060000000..0x006fffffff -> 0x0000000000
[ 0.810521] mt7621-pci 1e140000.pcie: IO 0x001e160000..0x001e16ffff -> 0x0000000000
[ 0.818804] mt7621-pci 1e140000.pcie: Parsing DT failed
[ 0.826358] NET: Registered protocol family 10
[ 0.832410] Segment Routing with IPv6
[ 0.836169] NET: Registered protocol family 17
[ 0.841158] 8021q: 802.1Q VLAN Support v1.8
[ 0.848759] mt7530 mdio-bus:1f: MT7530 adapts as multi-chip module
[ 0.873654] mt7530 mdio-bus:1f lan2 (uninitialized): PHY [mt7530-0:02] driver [MediaTek MT7530 PHY] (irq=26)
[ 0.885988] mt7530 mdio-bus:1f lan1 (uninitialized): PHY [mt7530-0:03] driver [MediaTek MT7530 PHY] (irq=27)
[ 0.898440] mt7530 mdio-bus:1f wan (uninitialized): PHY [mt7530-0:04] driver [MediaTek MT7530 PHY] (irq=28)
[ 0.911061] mt7530 mdio-bus:1f: configuring for fixed/rgmii link mode
[ 0.921557] DSA: tree 0 setup
[ 0.924921] rt2880-pinmux pinctrl: pcie is already enabled
[ 0.930538] mt7621-pci 1e140000.pcie: host bridge /pcie@1e140000 ranges:
[ 0.937224] mt7621-pci 1e140000.pcie: No bus range found for /pcie@1e140000, using [bus 00-ff]
[ 0.946026] mt7621-pci 1e140000.pcie: MEM 0x0060000000..0x006fffffff -> 0x0000000000
[ 0.954203] mt7621-pci 1e140000.pcie: IO 0x001e160000..0x001e16ffff -> 0x0000000000
[ 0.962483] mt7621-pci-phy 1e149000.pcie-phy: PHY for 0xbe149000 (dual port = 1)
[ 0.970371] mt7621-pci-phy 1e14a000.pcie-phy: PHY for 0xbe14a000 (dual port = 0)
[ 0.978033] mt7621-pci 1e140000.pcie: failed to parse bus ranges property: -22
[ 1.085475] mt7621-pci-phy 1e149000.pcie-phy: Xtal is 40MHz
[ 1.091063] mt7621-pci-phy 1e14a000.pcie-phy: Xtal is 40MHz
[ 1.196788] mt7621-pci 1e140000.pcie: pcie2 no card, disable it (RST & CLK)
[ 1.203743] mt7621-pci 1e140000.pcie: PCIE0 enabled
[ 1.208597] mt7621-pci 1e140000.pcie: PCIE1 enabled
[ 1.213478] mt7621-pci 1e140000.pcie: PCI coherence region base: 0x60000000, mask/settings: 0xf0000002
[ 1.222948] mt7621-pci 1e140000.pcie: PCI host bridge to bus 0000:00
[ 1.229350] pci_bus 0000:00: root bus resource [io 0x1e160000-0x1e16ffff]
[ 1.236205] pci_bus 0000:00: root bus resource [mem 0x60000000-0x6fffffff]
[ 1.243075] pci_bus 0000:00: root bus resource [bus 00-ff]
[ 1.248540] pci_bus 0000:00: root bus resource [mem 0x60000000-0x6fffffff] (bus address [0x00000000-0x0fffffff])
[ 1.258743] pci 0000:00:00.0: [0e8d:0801] type 01 class 0x060400
[ 1.264765] pci 0000:00:00.0: reg 0x10: [mem 0x00000000-0x7fffffff]
[ 1.271033] pci 0000:00:00.0: reg 0x14: [mem 0x60400000-0x6040ffff]
[ 1.277338] pci 0000:00:00.0: supports D1
[ 1.281352] pci 0000:00:00.0: PME# supported from D0 D1 D3hot
[ 1.287702] pci 0000:00:01.0: [0e8d:0801] type 01 class 0x060400
[ 1.293774] pci 0000:00:01.0: reg 0x10: [mem 0x00000000-0x7fffffff]
[ 1.300045] pci 0000:00:01.0: reg 0x14: [mem 0x60410000-0x6041ffff]
[ 1.306347] pci 0000:00:01.0: supports D1
[ 1.310360] pci 0000:00:01.0: PME# supported from D0 D1 D3hot
[ 1.317849] pci 0000:01:00.0: [14c3:7662] type 00 class 0x028000
[ 1.323939] pci 0000:01:00.0: reg 0x10: initial BAR value 0x00000000 invalid
[ 1.330990] pci 0000:01:00.0: reg 0x10: [mem size 0x00100000 64bit]
[ 1.337265] pci 0000:01:00.0: reg 0x30: initial BAR value 0x00000000 invalid
[ 1.344302] pci 0000:01:00.0: reg 0x30: [mem size 0x00010000 pref]
[ 1.350595] pci 0000:01:00.0: PME# supported from D0 D3hot D3cold
[ 1.358185] pci 0000:00:00.0: PCI bridge to [bus 01-ff]
[ 1.363448] pci 0000:00:00.0: bridge window [io 0x0000-0x0fff]
[ 1.369540] pci 0000:00:00.0: bridge window [mem 0x60000000-0x600fffff]
[ 1.376300] pci 0000:00:00.0: bridge window [mem 0x60100000-0x601fffff pref]
[ 1.383517] pci_bus 0000:01: busn_res: [bus 01-ff] end is updated to 01
[ 1.390410] pci 0000:02:00.0: [14c3:7603] type 00 class 0x028000
[ 1.396447] pci 0000:02:00.0: reg 0x10: initial BAR value 0x00000000 invalid
[ 1.403506] pci 0000:02:00.0: reg 0x10: [mem size 0x00100000]
[ 1.409399] pci 0000:02:00.0: PME# supported from D0 D3hot D3cold
[ 1.416979] pci 0000:00:01.0: PCI bridge to [bus 02-ff]
[ 1.422241] pci 0000:00:01.0: bridge window [io 0x0000-0x0fff]
[ 1.428308] pci 0000:00:01.0: bridge window [mem 0x60200000-0x602fffff]
[ 1.435090] pci 0000:00:01.0: bridge window [mem 0x60300000-0x603fffff pref]
[ 1.442309] pci_bus 0000:02: busn_res: [bus 02-ff] end is updated to 02
[ 1.448990] pci 0000:00:00.0: BAR 0: no space for [mem size 0x80000000]
[ 1.455576] pci 0000:00:00.0: BAR 0: failed to assign [mem size 0x80000000]
[ 1.462532] pci 0000:00:01.0: BAR 0: no space for [mem size 0x80000000]
[ 1.469150] pci 0000:00:01.0: BAR 0: failed to assign [mem size 0x80000000]
[ 1.476085] pci 0000:00:00.0: BAR 8: assigned [mem 0x60000000-0x600fffff]
[ 1.482868] pci 0000:00:00.0: BAR 9: assigned [mem 0x60100000-0x601fffff pref]
[ 1.490093] pci 0000:00:01.0: BAR 8: assigned [mem 0x60200000-0x602fffff]
[ 1.496854] pci 0000:00:01.0: BAR 9: assigned [mem 0x60300000-0x603fffff pref]
[ 1.504067] pci 0000:00:00.0: BAR 1: assigned [mem 0x60400000-0x6040ffff]
[ 1.510858] pci 0000:00:01.0: BAR 1: assigned [mem 0x60410000-0x6041ffff]
[ 1.517618] pci 0000:00:00.0: BAR 7: assigned [io 0x1e160000-0x1e160fff]
[ 1.524400] pci 0000:00:01.0: BAR 7: assigned [io 0x1e161000-0x1e161fff]
[ 1.531204] pci 0000:01:00.0: BAR 0: assigned [mem 0x60000000-0x600fffff 64bit]
[ 1.538494] pci 0000:01:00.0: BAR 6: assigned [mem 0x60100000-0x6010ffff pref]
[ 1.545708] pci 0000:00:00.0: PCI bridge to [bus 01]
[ 1.550676] pci 0000:00:00.0: bridge window [io 0x1e160000-0x1e160fff]
[ 1.557437] pci 0000:00:00.0: bridge window [mem 0x60000000-0x600fffff]
[ 1.564217] pci 0000:00:00.0: bridge window [mem 0x60100000-0x601fffff pref]
[ 1.571440] pci 0000:02:00.0: BAR 0: assigned [mem 0x60200000-0x602fffff]
[ 1.578202] pci 0000:00:01.0: PCI bridge to [bus 02]
[ 1.583167] pci 0000:00:01.0: bridge window [io 0x1e161000-0x1e161fff]
[ 1.589956] pci 0000:00:01.0: bridge window [mem 0x60200000-0x602fffff]
[ 1.596714] pci 0000:00:01.0: bridge window [mem 0x60300000-0x603fffff pref]
[ 1.606526] /dev/root: Can't open blockdev
[ 1.610705] VFS: Cannot open root device "(null)" or unknown-block(0,0): error -6
[ 1.618150] Please append a correct "root=" boot option; here are the available partitions:
[ 1.626507] 1f00 192 mtdblock0
[ 1.626513] (driver?)
[ 1.633047] 1f01 64 mtdblock1
[ 1.633052] (driver?)
[ 1.639578] 1f02 64 mtdblock2
[ 1.639583] (driver?)
[ 1.646086] 1f03 64 mtdblock3
[ 1.646090] (driver?)
[ 1.652628] 1f04 64 mtdblock4
[ 1.652633] (driver?)
[ 1.659159] 1f05 64 mtdblock5
[ 1.659164] (driver?)
[ 1.665668] 1f06 1024 mtdblock6
[ 1.665672] (driver?)
[ 1.672199] 1f07 14848 mtdblock7
[ 1.672204] (driver?)
[ 1.678705] Kernel panic - not syncing: VFS: Unable to mount root fs on unknown-block(0,0)
[ 1.686960] Rebooting in 1 seconds..
I'm guessing this has to do with the default breed settings though. I'll have another go tomorrow.