Xamarin Studio unusably slow since I added Google Play Services Ads component

I'm developing an Android app using Xamarin studio, and all was well until earlier today.
I took out an indie subscription to Xamarin, and added the Google Play Service Ads component to my app, and since these 2 actions, Xamarin Studio with my app is very slow. Example, it takes several minutes just to open a file, or view a menu. Effectively, my development environment is unusable.

I updated Xamarin Studio to version 5.10.3 (build 26), there is no improvement.
I also can't build the Release version due to ProGuard errors, and I'm not sure if this is related. I can't fix the ProGuard problem while the development environment takes several minutes to respond to every mouse click.

The only examples of Xamarin Studio running slowly that I found on the internet were several months or years old, and don't seem to apply.
For example, it was said that unchecking Source Analysis helps, but this is unchecked in my project.

Can anyone help?

Answers

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