An interesting thread at WebmasterWorld named Blocking Adsense Traffic to poor countries have skyrocketed reports just that. Member, asianguy, with 177 total posts at WebmasterWorld claims;
I just blocked all Asian countries and some countries in Europe, then I saw a spike after a couple of hours. Then it stayed there on top since then.
Of course this shocked many. Who cares if a click in Asia is worth 5 cents and a click in America is worth 25 cents? Why not take the 5 cents clicks as well as the 25 cents clicks? Why block the low income visitors? As jomaxx said, "Block all those countries and your bottom-line revenue will go down, not up. Your CPM may go up, but who cares?"
It is still hard to understand if AsianGuy is talking about the advertising campaigns (the actual ads) versus the people who click on the ads. He further tried to clarify, "I am talking about those pages with Google Ads." But I still do not clearly understand if its advertising campaigns or the readers he is blocking. It makes more sense that is it is the campaigns. Jenstar?