If you have not configured credentials properly like this error will occur. Your must need to include Credentials for secure connection then only it will be authenticated.

var client = new SmtpClient("yourserver", 80)

client.Credentials = new System.Net.NetworkCredential(adminEmail, adminPassword);

 you can also check these links hope these are help you...

http://www.infinetsoft.com/Post/How-to-configure-godaddy-email-account-using-net/56