Basically, this error occurs due to compute emulator itself, so either you can wait for the new version SDK or you can able to start the emulate manually. In able to do that:
1. Right-click on "csmonitor.exe" and run it as an administrator with a path
"C:\Program Files\Microsoft SDKs\Windows Azure\Emulator".
2. After that, right-click on Azure emulator and then click on Start compute emulate and then set it on "Full".
I hope this will help.
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