'Xamarin build fails with an unknown error

I installed Xamarin and was attempting to compile and run an empty app, but the compilation fails with an unknown error: Screenshot

How can I fix this error?



Solution 1:[1]

Install the Xamarin Android Player and select it from the devices list instead of Nexus 10 Android 3.0

Download link, Installation guide

Sources

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Source: Stack Overflow

Solution Source
Solution 1 Luis Beltran