I had the same problem after cloning a web server.
Decision:
Source Server:
aspnet_regiis -px "iisConfigurationKey" "C:\temp\iisConfigurationKey.xml" -pri aspnet_regiis -px "iisWasKey" "C:\temp\iisWasKey.xml" -pri
Target Server:
aspnet_regiis -pi "iisConfigurationKey" "C:\temp\iisConfigurationKey.xml" aspnet_regiis -pi "iisWasKey" "C:\temp\iisWasKey.xml"
And in the end, copy applicationhost.config from the source server to the target server.
source share