I have been working on React.js and am new to Next. I have not ever faced such an issue in React but now I am facing this issue like every hour. There are a lot of error messages in the console but this one seems to give some important info.

cause: Error: connect ECONNREFUSED ::1:49974
1494:16) {
  errno: -4078,
  code: 'ECONNREFUSED',
  syscall: 'connect',
  address: '::1',
  port: 49974
}
- wait compiling...

Another message, thought having 12GBs of RAM.

- warn Fast Refresh had to perform a full reload. Read more: https://nextjs.org/docs/messages/fast-refresh-reload
- warn The server is running out of memory, restarting to free 
up memory.
- wait compiling..