1. Having reviewed your log-file, we came to the conclusion that your internet connection is not so good. Your receiver sends 5 requests and receives only 1 reply from the server.
2. Check if there is a softcam.key - if so- delete it and restart emulator!
3. Try to re-install mgcamd (we think, it is corrupted or incompatible with the image used). If the same thing is repeated again (freezes), reinstall image and install other emulator.